Intellicheck Mobilisa, Inc Stock Forecast
Green day on Friday for Intellicheck Mobilisa, Inc
(Updated on Apr 26, 2024)
The Intellicheck Mobilisa, Inc stock price gained 0.314% on the last trading day (Friday, 26th Apr 2024), rising from $3.18 to $3.19. During the last trading day the stock fluctuated 3.81% from a day low at $3.15 to a day high of $3.27. The price has risen in 6 of the last 10 days but is still down by -6.73% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 7 thousand more shares were traded than the day before. In total, 18 thousand shares were bought and sold for approximately $58.34 thousand.
The stock lies in the middle of a very 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 82.66% during the next 3 months and, with a 90% probability hold a price between $4.77 and $8.60 at the end of this 3-month period.
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IDN Signals & Forecast
The Intellicheck Mobilisa, Inc stock 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 $3.07 and $2.89. A breakdown below any of these levels will issue sell signals. Intellicheck Mobilisa, Inc has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. 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 Monday, March 25, 2024, and so far it has fallen -18.62%. 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).
Support, Risk & Stop-loss for Intellicheck Mobilisa, Inc stock
Intellicheck Mobilisa, Inc finds support from accumulated volume at $3.16 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 $0.120 between high and low, or 3.81%. For the last week, the stock has had daily average volatility of 5.83%.
Our recommended stop-loss: $3.02 (-5.34%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 23 days ago.)
Trading Expectations (IDN) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Intellicheck Mobilisa, Inc to open at $3.20, and during the day (based on 14 day Average True Range), to move between $2.94 and $3.44, which gives a possible trading interval of +/-$0.249 (+/-7.82%) up or down from last closing price. If Intellicheck Mobilisa, Inc takes out the full calculated possible swing range there will be an estimated 15.64% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $3.16 (0.94%) than the resistance at $3.48 (9.09%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Intellicheck Mobilisa, Inc stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Intellicheck Mobilisa, Inc stock to perform well in the short-term.
Current score: 1.526 Buy Candidate Unchanged
Predicted Opening Price for Intellicheck Mobilisa, Inc of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $3.20 ( 0.418%) | $3.19 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IDN
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.32 | 4.18 % | |
| R2 | 3.28 | 2.74 % | ||
| R1 | 3.25 | 1.85 % | ||
| Current price: | 3.19 | |||
| Support | S1 | 3.16 | -1.02 % | |
| S2 | 3.13 | -1.91 % | ||
| S3 | 3.08 | -3.34 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.92 | 22.88 % | |
| R2 | 3.49 | 9.25 % | ||
| R1 | 3.48 | 9.09 % | ||
| Current price | 3.19 | |||
| Support | S1 | 3.16 | -0.94% | |
| S2 | 3.06 | -4.08% | ||
| S3 | 2.80 | -12.23% |
FAQ
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