Jackpotjoy plc Stock Analysis
Technical stock analysis for 22 January 2019
No changes to the price of Jackpotjoy plc in the last trading day. The price has risen in 5 of the last 10 days and is up by 6.21% over the past 2 weeks.
Close price at the end of the last trading day (Tuesday, 22nd Jan 2019) of the JPJ.L stock was £650.00.
During day the stock fluctuated 0.00% from a day low at £650.00 to a day high of £650.00.
30 day high of the JPJ.L stock price was £670.00 and low was £600.00.
90 day high was £710.00 and low was £571.00.
52 week high for the Jackpotjoy plc - £1 048.00 and low - £571.00.
Given the current horizontal trend you can expect Jackpotjoy plc with 90% probability to be traded between £605.02 and £699.35 at the end of this period with 90% probability. 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 roof. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
Jackpotjoy plc holds buy signals from both short- and long-term moving averages. In addition, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down there will be some support from the lines at £649.14 and £634.03. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday January 18, 2019, which indicates further gains 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. 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.
Relative Strength Index (RSI)
RSI14 is 64 and the stock is currently not being overbought or oversold
Support & Resistance
Jackpotjoy plc finds support from accumulated volume at £635.00.
This stock may move much during a day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved £0.00 between high and low, or 0.00%. For the last week the stock has had a daily average volatility of 1.90%.
Our recommended stoploss: £615.00 (-5.38%) (This stock has very high daily movements and this gives very high risk. There is a buy signal from pivot bottom found 2 days ago.)
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Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for this stock to perform well in the short-term period.