Johnson Service Group plc Forecast and Stock Analysis
Technical JSG.L stock analysis for March 15, 2019.
Johnson Service Group plc gained 0.30% in the last trading day, rising from £132.00 to £132.40 The price has risen in 6 of the last 10 days and is up by 1.85% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 84 696 more shares were traded than the day before. In total, 163 752 shares bought and sold for approximately £21.68 million.
Close price at the end of the last trading day (Friday, 15th Mar 2019) of the JSG.L stock was £132.40. This is 0.3% more than the trading day before Thursday, 14th Mar 2019.
During day the stock fluctuated 4.23% from a day low at £132.40 to a day high of £138.00.
30 day high of the JSG.L stock price was £138.00 and low was £127.20.
90 day high was £138.00 and low was £113.00.
52 week high for the Johnson Service Group plc - £145.20 and low - £112.00.
Johnson Service Group plc lies in the lower part of a strong rising trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trend line at £130.24 will firstly indicate a slower raising rate, but may also be a early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 14.13% during the next 3 months and, with 90% probability hold a price between £148.64 and £162.81 at the end of this period.
Only positive signals in the chart today. Johnson Service Group plc holds a sales signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately £133.49. On a fall, the stock will find some support from the long-term average at approximately £131.54. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sales signal. A buy signal was issued from a pivot bottom point on Thursday March 14, 2019, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal.
Relative Strength Index (RSI)
RSI14 is 54 and the stock is currently not being overbought or oversold
Support & Resistance
Johnson Service Group plc finds support from accumulated volume at £130.00.
This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved £5.60 (4.23%) between high and low. For the last week, the stock has had a daily average volatility of 3.74%.
Our recommended stoploss: £124.44 (-6.01%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 1 days ago.)
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Evaluation: Buy Candidate
Several short-term signals, along with a general good trend, 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.