John Laing Environmental Assets Group Stock Forecast
John Laing Environmental Assets Group stock price down 0% on Wednesday
(Updated on Mar 27, 2024)
No changes to the price of John Laing Environmental Assets Group stock on the last trading day (Wednesday, 27th Mar 2024). During the last trading day the stock fluctuated 0% from a day low at £91.90 to a day high of £91.90. The price has fallen in 9 of the last 10 days and is down by -7.27% for this period.
The stock lies in the lower of a falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at £91.83 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -3.95% during the next 3 months and, with a 90% probability hold a price between £88.20 and £97.02 at the end of this 3-month period.
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JLEN.L Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, March 26, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The John Laing Environmental Assets Group stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at £93.87 and £98.53. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for John Laing Environmental Assets Group stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved £0 between high and low, or 0%. For the last week the stock has had daily average volatility of 2.88%
John Laing Environmental Assets Group is oversold on RSI14 (9). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (JLEN.L) For The Upcoming Trading Day Of Thursday 28th
For the upcoming trading day on Thursday, 28th we expect John Laing Environmental Assets Group Ltd. to open at £91.90, and during the day (based on 14 day Average True Range), to move between £89.77 and £94.03, which gives a possible trading interval of +/-£2.13 (+/-2.32%) up or down from last closing price. If John Laing Environmental Assets Group Ltd. takes out the full calculated possible swing range there will be an estimated 4.64% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ £99.00, some £7.10 (7.73%) from the current price of £91.90, our system finds the risk reward not very attractive.
Is John Laing Environmental Assets Group Ltd. stock A Buy?
John Laing Environmental Assets Group holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -1.924 Sell Candidate Unchanged
Predicted Opening Price for John Laing Environmental Assets Group Ltd. of Thursday, March 28, 2024
Fair opening price March 28, 2024 | Current price |
---|---|
£91.90 ( 0.00000000%) | £91.90 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for JLEN.L
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 91.90 | 0.00000000 % | |
R2 | 91.90 | 0.00000000 % | ||
R1 | 91.90 | 0.00000000 % | ||
Current price: | 91.90 | |||
Support | S1 | 91.90 | 0.00000000 % | |
S2 | 91.90 | 0.00000000 % | ||
S3 | 91.90 | 0.00000000 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 102.20 | 11.21 % | |
R2 | 100.20 | 9.03 % | ||
R1 | 99.00 | 7.73 % | ||
Current price | 91.90 | |||
Support | S1 | 0 | . | |
S2 | 0 | . | ||
S3 | 0 | . |
JLEN Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 29, 2024 | Feb 29, 2024 | Mar 22, 2024 | £1.90 | 2.02% |
2 | Dec 07, 2023 | Dec 07, 2023 | Dec 07, 2023 | £0.0189 | 0.0196% |
3 | Aug 31, 2023 | Aug 31, 2023 | Aug 31, 2023 | £0.0189 | 0.0192% |
4 | Jun 01, 2023 | Jun 01, 2023 | Jun 01, 2023 | £1.79 | 1.53% |
5 | Jan 23, 2023 | Feb 02, 2023 | Mar 24, 2023 | £1.78 | 1.50% |
FAQ
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