Innocoll AG Fund Forecast
Red day on Monday for Innocoll AG fund after losing 0%
(Updated on Aug 14, 2017)
No changes to the price of Innocoll AG fund on the last trading day (Monday, 14th Aug 2017). During the last trading day the fund fluctuated 5.86% from a day low at $2.22 to a day high of $2.35. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks.
The fund lies in the middle of a strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the fund is expected to rise 10.74% during the next 3 months and, with a 90% probability hold a price between $2.55 and $2.72 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
INNL Signals & Forecast
The Innocoll AG fund holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $2.35 and $2.31. A breakdown below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Friday, August 11, 2017, and so far it has fallen 0%. 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 on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point".
Support, Risk & Stop-loss for Innocoll AG fund
Innocoll AG finds support from accumulated volume at $2.25 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the fund tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the fund During the last day, the fund moved $0.130 between high and low, or 5.86%. For the last week the fund has had daily average volatility of 5.86%
Our recommended stop-loss: $2.25 (-4.21%) (This fund has low daily movements and this gives low risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (INNL) For The Upcoming Trading Day Of Tuesday 15th
For the upcoming trading day on Tuesday, 15th we expect Innocoll AG to open at $2.31, and during the day (based on 14 day Average True Range), to move between $2.27 and $2.43, which gives a possible trading interval of +/-$0.0834 (+/-3.55%) up or down from last closing price. If Innocoll AG takes out the full calculated possible swing range there will be an estimated 7.10% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $2.25, some $0.100 (4.26%) from the current price of $2.35, our system finds the risk reward attractive.
Is Innocoll AG fund A Buy?
Innocoll AG holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.790 Hold/Accumulate Unchanged
Predicted Opening Price for Innocoll AG of Tuesday, August 15, 2017
Fair opening price August 15, 2017 | Current price |
---|---|
$2.31 ( 1.84%) | $2.35 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for INNL
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 2.44 | 3.69 % | |
R2 | 2.39 | 1.57 % | ||
R1 | 2.36 | 0.269 % | ||
Current price: | 2.35 | |||
Support | S1 | 2.26 | -3.96 % | |
S2 | 2.23 | -5.26 % | ||
S3 | 2.18 | -7.38 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 0 | . | ||
Current price | 2.35 | |||
Support | S1 | 2.25 | -4.26% | |
S2 | 2.21 | -5.96% | ||
S3 | 2.16 | -8.09% |
FAQ
Click here for our free guide on how to buy Innocoll AG Fund.