Journal Media Group, Inc Stock Forecast
Evaluation of Journal Media Group, Inc stock downgraded after the last trading session.
(Updated on Apr 30, 2024)
The Journal Media Group, Inc stock price fell by -0.191% on the last day (Tuesday, 30th Apr 2024) from £104.80 to £104.60. During the last trading day the stock fluctuated 2.72% from a day low at £103.00 to a day high of £105.80. The price has risen in 5 of the last 10 days and is up by 3.16% over the past 2 weeks. Volume has increased on the last day by 41 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 2 million shares were bought and sold for approximately £167.49 million.
The stock is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Journal Media Group, Inc stock with a 90% probability to be traded between £100.00 and £105.57 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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JMG.L Signals & Forecast
There are few to no technical positive signals at the moment. A sell signal was issued from a pivot top point on Monday, April 29, 2024, and so far it has fallen -0.191%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. The stock had a Golden Star Signal on Tuesday, April 02, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Thursday, December 14, 2023.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star
The stock had a Golden Star Signal on Tuesday, April 02, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Thursday, December 14, 2023.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Tuesday, April 02, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Thursday, December 14, 2023.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Journal Media Group, Inc stock
Journal Media Group, Inc finds support from accumulated volume at £104.40 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 with good liquidity the risk is considered very low in this stock. During the last day, the stock moved £2.80 between high and low, or 2.72%. For the last week the stock has had daily average volatility of 2.16%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (JMG.L) For The Upcoming Trading Day Of Wednesday 1st
For the upcoming trading day on Wednesday, 1st we expect Journal Media Group, Inc to open at £104.47, and during the day (based on 14 day Average True Range), to move between £102.50 and £106.70, which gives a possible trading interval of +/-£2.10 (+/-2.01%) up or down from last closing price. If Journal Media Group, Inc takes out the full calculated possible swing range there will be an estimated 4.02% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £104.40 (0.19%) than the resistance at £104.80 (0.19%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Journal Media Group, Inc stock A Buy?
Journal Media Group, Inc 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -2.010 Sell Candidate Downgraded
Predicted Opening Price for Journal Media Group, Inc of Wednesday, May 1, 2024
| Fair opening price May 1, 2024 | Current price |
|---|---|
| £104.47 ( 0.127%) | £104.60 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for JMG.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 107.27 | 2.55 % | |
| R2 | 106.20 | 1.53 % | ||
| R1 | 105.54 | 0.90 % | ||
| Current price: | 104.60 | |||
| Support | S1 | 103.40 | -1.15 % | |
| S2 | 102.74 | -1.78 % | ||
| S3 | 101.67 | -2.80 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 105.40 | 0.765 % | |
| R2 | 105.00 | 0.382 % | ||
| R1 | 104.80 | 0.191 % | ||
| Current price | 104.60 | |||
| Support | S1 | 104.40 | -0.191% | |
| S2 | 104.20 | -0.382% | ||
| S3 | 104.00 | -0.574% |
JMG Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 14, 2024 | Mar 14, 2024 | Apr 26, 2024 | £0.600 | 0.576% |
| 2 | Oct 05, 2023 | Oct 05, 2023 | Oct 05, 2023 | £0.0107 | 0.0108% |
| 3 | Mar 07, 2023 | Mar 16, 2023 | Apr 25, 2023 | £0.0058 | 0.0057% |
| 4 | Sep 30, 2022 | Oct 13, 2022 | Nov 18, 2022 | £0.83 | 0.798% |
| 5 | Mar 02, 2022 | Mar 10, 2022 | Apr 19, 2022 | £0.520 | 0.477% |
FAQ
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