Jerash Holdings (US) Inc. Stock Forecast
Green day on Monday for Jerash Holdings (US) Inc. stock after gaining 0.508%
(Updated on Apr 22, 2024)
The Jerash Holdings (US) Inc. stock price gained 0.508% on the last trading day (Monday, 22nd Apr 2024), rising from $2.95 to $2.97. During the last trading day the stock fluctuated 1.35% from a day low at $2.95 to a day high of $2.99. The price has been going up and down for this period, and there has been a -2.47% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 215 more shares were traded than the day before. In total, 3 thousand shares were bought and sold for approximately $7.71 thousand.
The stock 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 -2.76% during the next 3 months and, with a 90% probability hold a price between $2.77 and $3.07 at the end of this 3-month period.
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JRSH Signals & Forecast
Jerash Holdings (US) Inc. has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Jerash Holdings (US) Inc. 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 $2.98 and $3.00. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, April 05, 2024, and so far it has fallen -5.57%. 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).
Support, Risk & Stop-loss for Jerash Holdings (US) Inc. stock
Jerash Holdings (US) Inc. finds support from accumulated volume at $2.96 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 $0.0399 between high and low, or 1.35%. For the last week the stock has had daily average volatility of 1.68%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (JRSH) For The Upcoming Trading Day Of Tuesday 23rd
For the upcoming trading day on Tuesday, 23rd we expect Jerash Holdings (US) Inc. to open at $2.97, and during the day (based on 14 day Average True Range), to move between $2.89 and $3.04, which gives a possible trading interval of +/-$0.0786 (+/-2.65%) up or down from last closing price. If Jerash Holdings (US) Inc. takes out the full calculated possible swing range there will be an estimated 5.30% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $2.96 (0.17%) than the resistance at $3.00 (1.18%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Jerash Holdings (US) Inc. stock A Buy?
Jerash Holdings (US) Inc. 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.
Current score: -2.848 Sell Candidate Unchanged
Predicted Opening Price for Jerash Holdings (US) Inc. of Tuesday, April 23, 2024
| Fair opening price April 23, 2024 | Current price |
|---|---|
| $2.97 ( 0.111%) | $2.97 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for JRSH
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.01 | 1.46 % | |
| R2 | 2.99 | 0.94 % | ||
| R1 | 2.98 | 0.625 % | ||
| Current price: | 2.97 | |||
| Support | S1 | 2.95 | -0.403 % | |
| S2 | 2.94 | -0.720 % | ||
| S3 | 2.93 | -1.23 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.06 | 3.20 % | |
| R2 | 3.03 | 2.19 % | ||
| R1 | 3.00 | 1.18 % | ||
| Current price | 2.97 | |||
| Support | S1 | 2.96 | -0.169% | |
| S2 | 2.92 | -1.52% | ||
| S3 | 2.90 | -2.19% |
JRSH Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 15, 2024 | Feb 15, 2024 | Feb 23, 2024 | $0.0500 | 1.64% |
| 2 | Nov 03, 2023 | Nov 13, 2023 | Nov 28, 2023 | $0.0500 | 1.69% |
| 3 | Aug 04, 2023 | Aug 15, 2023 | Aug 23, 2023 | $0.0500 | 1.47% |
| 4 | May 23, 2023 | Jun 01, 2023 | Jun 09, 2023 | $0.0500 | 1.20% |
| 5 | Feb 03, 2023 | Feb 13, 2023 | Feb 21, 2023 | $0.0500 | 1.08% |
FAQ
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