The Joint Corp. Stock Forecast

The Joint Corp. stock downgraded from Hold/Accumulate to Sell Candidate after Wednesday trading session.
(Updated on Apr 24, 2024)

JYNT Signals & Forecast

There are mixed signals in the stock today. The The Joint Corp. stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $12.33. On a fall, the stock will find some support from the short-term average at $12.19. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Tuesday, April 09, 2024, and so far it has fallen -6.19%. 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). Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The stock had a Golden Star Signal on Friday, December 22, 2023 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for The Joint Corp. stock

The Joint Corp. finds support from accumulated volume at $11.88 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.430 between high and low, or 3.54%. For the last week the stock has had daily average volatility of 3.08%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (JYNT) For The Upcoming Trading Day Of Thursday 25th

For the upcoming trading day on Thursday, 25th we expect The Joint Corp. to open at $12.34, and during the day (based on 14 day Average True Range), to move between $11.80 and $12.76, which gives a possible trading interval of +/-$0.479 (+/-3.90%) up or down from last closing price. If The Joint Corp. takes out the full calculated possible swing range there will be an estimated 7.80% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $11.88 (3.26%) than the resistance at $12.75 (3.83%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is The Joint Corp. stock A Buy?

The Joint Corp. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -3.776 Sell Candidate Downgraded

Predicted Opening Price for The Joint Corp. of Thursday, April 25, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.