JPMorgan Chinese Investment Trust Plc Stock Forecast
JPMorgan Chinese Investment Trust Plc stock price ended at £3.34 on Monday, after losing 0%.
(Updated on Feb 24, 2020)
No changes to the price of JPMorgan Chinese Investment Trust Plc stock on the last trading day (Monday, 24th Feb 2020). During the last trading day the stock fluctuated 0% from a day low at £3.34 to a day high of £3.34. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks.
The stock lies in the lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at £3.25 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 4.77% during the next 3 months and, with a 90% probability hold a price between £3.41 and £4.03 at the end of this 3-month period.
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JMC.L Signals & Forecast
There are mixed signals in the stock today. The JPMorgan Chinese Investment Trust Plc 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 £3.34 and £3.48. A break-up above any of these levels will issue buy signals. 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. A buy signal was issued from a pivot bottom point on Wednesday, February 05, 2020, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for JPMorgan Chinese Investment Trust Plc stock
JPMorgan Chinese Investment Trust Plc finds support from accumulated volume at £3.27 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 0%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (JMC.L) For The Upcoming Trading Day Of Tuesday 25th
For the upcoming trading day on Tuesday, 25th we expect JPMorgan Chinese Investment Trust Plc to open at £3.34, and during the day (based on 14 day Average True Range), to move between £3.29 and £3.39, which gives a possible trading interval of +/-£0.0529 (+/-1.58%) up or down from last closing price. If JPMorgan Chinese Investment Trust Plc takes out the full calculated possible swing range there will be an estimated 3.17% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £3.36 (0.60%) than the support at £3.27 (2.10%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is JPMorgan Chinese Investment Trust Plc stock A Buy?
JPMorgan Chinese Investment Trust Plc holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -1.979 Sell Candidate Unchanged
Predicted Opening Price for JPMorgan Chinese Investment Trust Plc of Tuesday, February 25, 2020
| Fair opening price February 25, 2020 | Current price |
|---|---|
| £3.34 ( 0%) | £3.34 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for JMC.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.34 | . | |
| R2 | 3.34 | . | ||
| R1 | 3.34 | . | ||
| Current price: | 3.34 | |||
| Support | S1 | 3.34 | . | |
| S2 | 3.34 | . | ||
| S3 | 3.34 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.78 | 13.17 % | |
| R2 | 3.61 | 8.08 % | ||
| R1 | 3.36 | 0.599 % | ||
| Current price | 3.34 | |||
| Support | S1 | 3.27 | -2.10% | |
| S2 | 3.25 | -2.69% | ||
| S3 | 3.15 | -5.69% |
FAQ
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