JPJ.L Forecast and Technical Stock Analysis
Sell candidate since 2019-08-01 Loss -6.57%
No changes to the price of Jackpotjoy plc in the last trading day ( Friday, 16th Aug 2019 ). During the day the stock fluctuated 2.82% from a day low at £6.39 to a day high of £6.57. The price has fallen in 6 of the last 10 days and is down by -4.9% for this period.
- 30 day high of the JPJ.L stock price was £7.10 and low was £6.24.
- 90 day high was £8.21 and low was £6.24.
- 52 week high for Jackpotjoy plc - £839.00 and low - £5.71.
Jackpotjoy plc lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -9.15% during the next 3 months and, with 90% probability hold a price between £5.56 and £6.67 at the end of this period.
A buy signal was issued from a pivot bottom point on Thursday August 15, 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. Jackpotjoy plc holds sales signals from both short- and long-term moving averages. In addition, there is a general sales 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 £6.56 and £6.85. 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".
Relative Strength Index (RSI)
RSImin/max Values: [ 15 - 85 ]
RSI14 is 24 and the stock is currently not being overbought or oversold
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.
Support & Resistance
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 controlled movements, but the low liquidity has increased the risk substantially.
Our recommended stop-loss: We hold a sell evaluation for this stock. No stop-loss set.
3.73 %Average volatility
Very Low Low Medium High Very High
Jackpotjoy plc holds several negative signals and is within a wide and 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. We have upgraded our recommendation for this stock since last evaluation from a Strong Sell Candidate to a Sell Candidate.
Golden Star Signal
This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star.
This signal is rare and, in most cases, gives substantial returns. From 8.000 stocks usually only a few will trigger a Golden Star Signal per day!