14Mar

JAMES HARDIE INDUSTRIES PLC (JHX) Elliott Wave Analysis: ASX Stock Forecast, Price Prediction, Technical Trends & Insights

JAMES HARDIE INDUSTRIES PLC (JHX) Elliott Wave Technical Analysis - TradingLounge

Analysis Overview

Our latest Elliott Wave analysis of JAMES HARDIE INDUSTRIES PLC (JHX) on the Australian Stock Exchange (ASX) suggests a medium-term downtrend. This signals potential risks for long positions, urging traders to assess strategies carefully. Below, we outline trend expectations, critical price levels, and market insights, providing a structured approach to understanding the stock’s movement.


JAMES HARDIE INDUSTRIES PLC (JHX) Elliott Wave Technical Analysis – 1D Chart (Semilog Scale)

Function: Major Trend (Intermediate Degree, Orange)

Mode: Motive

Structure: Impulse

Position: Wave C - Grey of Wave (2) - Orange

Details:

  • Wave (2) - Orange appears to be ongoing in a Zigzag pattern.
  • Recent sideways price action suggests a Triangle formation for Wave B - Grey, which now seems completed.
  • The next expected movement is Wave C - Grey, likely pushing the stock lower if the price breaks below 49.16, confirming the downtrend continuation.
  • Invalidation Point: 55.09
  • Key Support Level: 49.16

JAMES-HARDIE-INDUSTR...


JAMES HARDIE INDUSTRIES PLC (JHX) Elliott Wave Technical Analysis – 4-Hour Chart
TradingLounge (4-Hour Chart)

Function: Major Trend (Intermediate Degree, Orange)

Mode: Motive

Structure: Impulse

Position: Wave ((ii)) - Navy of Wave C - Grey of Wave (2) - Orange

Details:

  • Wave B - Grey has completed as a Triangle, signaling the beginning of Wave C - Grey, expected to drive prices lower.
  • The market is following a five-wave structure, labeled from ((i)) - Navy to ((v)) - Navy.
  • Latest price action indicates Wave ((iii)) - Navy is unfolding, reinforcing bearish momentum.
  • Invalidation Point: 55.09

Technical Analyst: Hua (Shane) Cuong, CEWA-M (Master’s Designation).

Source: Visit Tradinglounge.com and learn from the Experts. Join TradingLounge Here 

See Previous:WESFARMERS LIMITED (WES) Elliott Wave Technical Analysis

VALUE Offer - Buy 1 Month & Get 3 Months!Click here

Access 7 Analysts Over 200 Markets Covered. Chat Room With Support

 

JAMES-HARDIE-INDUSTR...


Conclusion

This Elliott Wave analysis provides a structured forecast of market trends for JAMES HARDIE INDUSTRIES PLC (JHX). By identifying key price levels, validation, and invalidation points, traders can make more informed decisions. The outlined wave structures reinforce our expectation of a continued downtrend, offering traders valuable market insights for risk assessment and strategic positioning.

Related

Bitcoin/U.S. dollar(BTCUSD) Elliott Wave Technical Analysis 17 January 24

Bitcoin/U.S. dollar(BTCUSD) Elliott Wave Technical Analysis 17 January 24

Bitcoin/U.S. dollar(BTCUSD) Elliott Wave Technical Analysis dated 17 January 24 with Bitcoin and U.S...

Read More >
U.S. Dollar / Japanese Yen Currency Pair - USDJPY Forex Elliott Wave Technical Analysis for Forex Market Movements

U.S. Dollar / Japanese Yen Currency Pair - USDJPY Forex Elliott Wave Technical Analysis for Forex Market Movements

This article provides an in-depth USDJPY Elliott Wave analysis, focusing on the current bearish tren...

Read More >
Stay ahead of the Market with Our Expert XRP Chart Analysis and Price Predictions: XRPUSD Elliott Wave Technical Analysis

Stay ahead of the Market with Our Expert XRP Chart Analysis and Price Predictions: XRPUSD Elliott Wave Technical Analysis

Gain insights into XRP price movements with our in-depth Elliott Wave analysis. Discover trading str...

Read More >
Uniswap Price Prediction & Crypto News | Latest UNIUSD Elliott Wave Technical Analysis Provides a Comprehensive Forecast

Uniswap Price Prediction & Crypto News | Latest UNIUSD Elliott Wave Technical Analysis Provides a Comprehensive Forecast

This Uniswap (UNIUSD) Elliott Wave analysis provides a comprehensive technical forecast, highlightin...

Read More >
Commodity Markets: BITCOIN BONDS YIELDS DOLLAR GOLD SILVER ORE OIL COPPER GAS Elliott Wave Analysis

Commodity Markets: BITCOIN BONDS YIELDS DOLLAR GOLD SILVER ORE OIL COPPER GAS Elliott Wave Analysis

Best trades are gold / silver see video as these are not set up as yet. Bitcoin Wave 3 trend is stro...

Read More >
Silver (XAGUSD) Commodity Elliott Wave Analysis: Key Trading Opportunities and Technical Insights that Could Influence Silver Prices

Silver (XAGUSD) Commodity Elliott Wave Analysis: Key Trading Opportunities and Technical Insights that Could Influence Silver Prices

This article provides an in-depth Silver Elliott Wave analysis with a detailed price forecast for 20...

Read More >

Buy 1 Month

Get 3 Months!

Special Offer:

Trade Recommendations

Unleash the power of deversified trading with our comprehensive portfolio, covering:

  • Stock Trades
  • Crypto Trades
  • Forex Trades
  • Commodity Trades
Elliott Wave Analysis

Gain a competive edge with expert insights in to:

  • Global Indices
  • US Stocks & ASX Stocks
  • Forex & Crypto
  • Commodities
Top-Notch Trading Tools

Equip yourself with the tools of success:

  • Social Chat
  • Elliott Wave Algorithm
  • Screener
  • TradingLevels
  • Trading Game
7 Elliott Wave Analysts

Stay ahead of the market with daily charts and insightful videos
-Your secret to strategic trading!

JOIN HERE


Welcome to TradingLounge (ASIC A.R.No. 321187), specialists in trades, trading education and technical analysis, covering stocks, indices, commodities, forex and cryptocurrencies.

When you join TradingLounge you have access to everything we offer, including trade tools, educational content and a social platform to chat with like-minded investors.

Read more

@Copyright 2024 by tradinglounge.com

Contact Us

Australian no: 02 4787 6020

International no: +61 (2) 47876020

Pay with:

Find us on