St. Jude Medical, Inc Stock Forecast
St. Jude Medical, Inc stock price ended at £444.00 on Wednesday, after losing 0.0450%.
(Updated on Apr 24, 2024)
The St. Jude Medical, Inc stock price fell by -0.0450% on the last day (Wednesday, 24th Apr 2024) from £444.20 to £444.00. During the last trading day the stock fluctuated 2.00% from a day low at £439.20 to a day high of £448.00. The price has been going up and down for this period, and there has been a 2.83% gain for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -400 thousand shares and in total, 3 million shares were bought and sold for approximately £1.12 billion.
The stock lies the upper part of a wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at £460.08 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -39.39% during the next 3 months and, with a 90% probability hold a price between £226.13 and £278.87 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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STJ.L Signals & Forecast
The St. Jude Medical, Inc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at £424.74 and £442.43. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 10.45%. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for St. Jude Medical, Inc stock
St. Jude Medical, Inc finds support from accumulated volume at £431.40 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 and with good trading volume, the risk is considered to be medium. During the last day, the stock moved £8.80 between high and low, or 2.00%. For the last week, the stock has had daily average volatility of 2.72%.
Our recommended stop-loss: £426.06 (-4.04%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 6 days ago.)
Trading Expectations (STJ.L) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect St. Jude Medical, Inc to open at £443.73, and during the day (based on 14 day Average True Range), to move between £428.44 and £459.56, which gives a possible trading interval of +/-£15.56 (+/-3.50%) up or down from last closing price. If St. Jude Medical, Inc takes out the full calculated possible swing range there will be an estimated 7.01% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £431.40 (2.84%) than the resistance at £463.20 (4.32%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is St. Jude Medical, Inc stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.
Current score: 1.122 Buy Candidate Unchanged
Predicted Opening Price for St. Jude Medical, Inc of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| £443.73 ( 0.0601%) | £444.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for STJ.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 452.53 | 1.92 % | |
| R2 | 449.17 | 1.16 % | ||
| R1 | 447.09 | 0.697 % | ||
| Current price: | 444.00 | |||
| Support | S1 | 440.37 | -0.82 % | |
| S2 | 438.29 | -1.28 % | ||
| S3 | 434.93 | -2.04 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 505.80 | 13.92 % | |
| R2 | 491.20 | 10.63 % | ||
| R1 | 463.20 | 4.32 % | ||
| Current price | 444.00 | |||
| Support | S1 | 431.40 | -2.84% | |
| S2 | 428.40 | -3.51% | ||
| S3 | 425.30 | -4.21% |
STJ Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 25, 2024 | Apr 25, 2024 | May 24, 2024 | £8.00 | 1.80% |
| 2 | Feb 28, 2023 | May 04, 2023 | May 31, 2023 | £37.19 | 3.34% |
| 3 | Jul 28, 2022 | Aug 25, 2022 | Sep 23, 2022 | £15.59 | 1.46% |
| 4 | Feb 24, 2022 | Apr 28, 2022 | May 27, 2022 | £40.41 | 3.19% |
| 5 | Jul 28, 2021 | Aug 26, 2021 | Sep 24, 2021 | £11.55 | 0.732% |
FAQ
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