RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of INVE
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Identiv stock price ended at $7.92 on Thursday, after gaining 1.93%.
(Updated on Mar 28, 2024)

Hold candidate since Mar 25, 2024 Gain 3.94% PDF

The Identiv stock price gained 1.93% on the last trading day (Thursday, 28th Mar 2024), rising from $7.77 to $7.92. During the last trading day the stock fluctuated 4.35% from a day low at $7.59 to a day high of $7.92. The price has risen in 6 of the last 10 days and is up by 4.21% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 14 thousand more shares were traded than the day before. In total, 53 thousand shares were bought and sold for approximately $417.51 thousand.

The stock is moving within a very wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Identiv stock with a 90% probability to be traded between $7.27 and $9.20 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.

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INVE Signals & Forecast

A buy signal was issued from a pivot bottom point on Tuesday, March 12, 2024, and so far it has risen 11.24%. Further rise is indicated until a new top pivot has been found. Identiv 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. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Identiv stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $8.10. On a fall, the stock will find some support from the short-term average at $7.57. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Identiv stock

Identiv finds support from accumulated volume at $7.62 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.330 between high and low, or 4.35%. For the last week, the stock has had daily average volatility of 5.23%.

Our recommended stop-loss: $7.57 (-4.40%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 12 days ago.)

Trading Expectations (INVE) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Identiv to open at $7.81, and during the day (based on 14 day Average True Range), to move between $7.48 and $8.36, which gives a possible trading interval of +/-$0.440 (+/-5.55%) up or down from last closing price. If Identiv takes out the full calculated possible swing range there will be an estimated 11.11% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $7.62 (3.79%) than the resistance at $8.58 (8.33%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Identiv stock A Buy?

Identiv 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: 0.294 Hold/Accumulate Unchanged

Predicted Opening Price for Identiv of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$7.81 ( 1.39%) $7.92

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for INVE

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 8.14 2.78 %
R2 8.01 1.19 %
R1 7.94 0.203 %
Current price: 7.92
Support S1 7.68 -2.98 %
S2 7.61 -3.96 %
S3 7.48 -5.56 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 8.97 13.26 %
R2 8.63 8.96 %
R1 8.58 8.33 %
Current price 7.92
Support S1 7.62 -3.79%
S2 7.55 -4.67%
S3 7.12 -10.10%

FAQ

What is the symbol for Identiv Stock and on which exchange is it traded?
The symbol for Identiv is INVE and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Identiv Stock?
Identiv 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.

How to buy Identiv Stock?
Identiv Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Identiv Stock.

What's the current price of Identiv Stock?
As of the end of day on the 2024-03-28, the price of an Identiv (INVE) share was $7.92.

What is the 52-week high and low for Identiv Stock?
The 52-week high for Identiv Stock is $9.26 and the 52-week low is $4.72.

What is the market capitalization of Identiv Stock?
As of the 2024-03-28, the market capitalization of Identiv is 183.541M.

When is the next earnings date for Identiv?
The upcoming earnings date for Identiv is May 02, 2024.
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About Identiv

Identiv Identiv, Inc. operates as a security technology company that secures things, data, and physical places in the Americas, Europe, the Middle East, and the Asia-Pacific. The company operates in two segments, Identity and Premises. The Identity segment offers products and solutions that enables secure access to information serving the logical access and cyber security markets, as well as protecting connected objects and information using radio-freque... INVE Profile

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