The Joint Corp. Stock Forecast
The Joint Corp. stock price up 1.24% on Friday
(Updated on Apr 26, 2024)
The The Joint Corp. stock price gained 1.24% on the last trading day (Friday, 26th Apr 2024), rising from $12.08 to $12.23. During the last trading day the stock fluctuated 1.91% from a day low at $12.06 to a day high of $12.29. The price has risen in 5 of the last 10 days and is up by 0.66% over the past 2 weeks. Volume fell on the last day by -15 thousand shares and in total, 22 thousand shares were bought and sold for approximately $272.61 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 lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 35.37% during the next 3 months and, with a 90% probability hold a price between $15.14 and $18.75 at the end of this 3-month period.
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JYNT Signals & Forecast
There are few to no technical positive signals at the moment. The The Joint Corp. 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 $12.23 and $12.49. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, April 09, 2024, and so far it has fallen -6.57%. 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). 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. 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.
Golden Star 12 Months
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 $0.230 between high and low, or 1.91%. For the last week the stock has had daily average volatility of 2.69%.
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 Monday 29th
For the upcoming trading day on Monday, 29th we expect The Joint Corp. to open at $12.19, and during the day (based on 14 day Average True Range), to move between $11.78 and $12.68, which gives a possible trading interval of +/-$0.452 (+/-3.69%) up or down from last closing price. If The Joint Corp. takes out the full calculated possible swing range there will be an estimated 7.39% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $12.27 (0.33%) than the support at $11.88 (2.86%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Earnings coming up
The Joint Corp. will release earnings BMO on Thursday, May 02, 2024.The consensus among the analysts for the expected earnings (EPS) is -$0.0300. We will update the financials statements for The Joint Corp., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 7.71% in the first trading day after earnings release.
Is The Joint Corp. stock A Buy?
The The Joint Corp. stock holds several negative signals and despite the positive trend, we believe The Joint Corp. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -4.759 Sell Candidate Unchanged
Predicted Opening Price for The Joint Corp. of Monday, April 29, 2024
Fair opening price April 29, 2024 | Current price |
---|---|
$12.19 ( 0.300%) | $12.23 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for JYNT
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 12.42 | 1.58 % | |
R2 | 12.34 | 0.86 % | ||
R1 | 12.28 | 0.419 % | ||
Current price: | 12.23 | |||
Support | S1 | 12.11 | -1.02 % | |
S2 | 12.05 | -1.46 % | ||
S3 | 11.96 | -2.18 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 13.09 | 7.03 % | |
R2 | 13.08 | 6.95 % | ||
R1 | 12.27 | 0.327 % | ||
Current price | 12.23 | |||
Support | S1 | 11.88 | -2.86% | |
S2 | 10.41 | -14.88% | ||
S3 | 10.00 | -18.23% |
FAQ
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