J Sainsbury ADR New Stock Forecast
J Sainsbury ADR New stock price up 1.45% on Friday
(Updated on Apr 26, 2024)
The J Sainsbury ADR New stock price gained 1.45% on the last trading day (Friday, 26th Apr 2024), rising from $12.98 to $13.17. During the last trading day the stock fluctuated 2.87% from a day low at $12.92 to a day high of $13.30. The price has risen in 6 of the last 10 days and is up by 1.06% over the past 2 weeks. Volume fell on the last day by -5 thousand shares and in total, 27 thousand shares were bought and sold for approximately $349.33 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
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 J Sainsbury ADR New stock with a 90% probability to be traded between $12.64 and $13.90 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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JSAIY Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 2.25%. Further rise is indicated 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. The J Sainsbury ADR New stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $13.23 and $13.21. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Support, Risk & Stop-loss for J Sainsbury ADR New stock
J Sainsbury ADR New finds support from accumulated volume at $13.12 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 controlled movements and therefore the general risk is considered 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 $0.371 between high and low, or 2.87%. For the last week the stock has had daily average volatility of 2.04%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (JSAIY) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect J Sainsbury ADR New to open at $13.13, and during the day (based on 14 day Average True Range), to move between $12.86 and $13.48, which gives a possible trading interval of +/-$0.308 (+/-2.34%) up or down from last closing price. If J Sainsbury ADR New takes out the full calculated possible swing range there will be an estimated 4.68% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $13.12 (0.37%) than the resistance at $13.38 (1.61%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is J Sainsbury ADR New stock A Buy?
J Sainsbury ADR New 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.
Current score: -1.497 Sell Candidate Unchanged
Predicted Opening Price for J Sainsbury ADR New of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $13.13 ( 0.297%) | $13.17 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for JSAIY
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 13.50 | 2.52 % | |
| R2 | 13.36 | 1.44 % | ||
| R1 | 13.27 | 0.777 % | ||
| Current price: | 13.17 | |||
| Support | S1 | 12.99 | -1.37 % | |
| S2 | 12.90 | -2.04 % | ||
| S3 | 12.76 | -3.11 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 13.77 | 4.57 % | |
| R2 | 13.55 | 2.90 % | ||
| R1 | 13.38 | 1.61 % | ||
| Current price | 13.17 | |||
| Support | S1 | 13.12 | -0.368% | |
| S2 | 13.06 | -0.82% | ||
| S3 | 12.68 | -3.71% |
JSAIY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Nov 10, 2023 | Nov 10, 2023 | Dec 26, 2023 | $0.171 | 1.12% |
| 2 | Nov 09, 2023 | Nov 09, 2023 | Dec 26, 2023 | $0.171 | 1.12% |
| 3 | Jun 02, 2023 | Jun 08, 2023 | Jul 24, 2023 | $0.466 | 3.20% |
| 4 | Nov 15, 2022 | Nov 16, 2022 | Dec 27, 2022 | $0.179 | 1.71% |
| 5 | Jun 03, 2022 | Jun 09, 2022 | Jul 25, 2022 | $0.492 | 4.51% |
FAQ
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