ICF International Stock Forecast
ICF International stock upgraded to Hold/Accumulate.
(Updated on Mar 27, 2024)
The ICF International stock price fell by -0.90% on the last day (Wednesday, 27th Mar 2024) from $150.29 to $148.93. During the last trading day the stock fluctuated 2.32% from a day low at $148.60 to a day high of $152.05. The price has fallen in 6 of the last 10 days and is down by -3.1% for this period. 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 -88 thousand shares and in total, 72 thousand shares were bought and sold for approximately $10.68 million.
Given the current short-term trend, the stock is expected to rise 20.22% during the next 3 months and, with a 90% probability hold a price between $179.04 and $198.03 at the end of this 3-month period.
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ICFI Signals & Forecast
There are few to no technical positive signals at the moment. The ICF International stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $150.49 and $151.50. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, March 04, 2024, and so far it has fallen -5.15%. 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 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 ICF International stock
ICF International finds support from accumulated volume at $145.60 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $3.45 between high and low, or 2.32%. For the last week the stock has had daily average volatility of 1.75%.
Our recommended stop-loss: $141.92 (-4.71%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 17 days ago.)
Trading Expectations (ICFI) For The Upcoming Trading Day Of Thursday 28th
For the upcoming trading day on Thursday, 28th we expect ICF International to open at $149.86, and during the day (based on 14 day Average True Range), to move between $146.27 and $151.59, which gives a possible trading interval of +/-$2.66 (+/-1.78%) up or down from last closing price. If ICF International takes out the full calculated possible swing range there will be an estimated 3.57% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $150.29 (0.91%) than the support at $145.60 (2.24%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is ICF International stock A Buy?
ICF International holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.753 Hold/Accumulate Upgraded
Predicted Opening Price for ICF International of Thursday, March 28, 2024
Fair opening price March 28, 2024 | Current price |
---|---|
$149.86 ( 0.624%) | $148.93 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ICFI
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 153.31 | 2.94 % | |
R2 | 151.99 | 2.06 % | ||
R1 | 151.18 | 1.51 % | ||
Current price: | 148.93 | |||
Support | S1 | 148.54 | -0.260 % | |
S2 | 147.73 | -0.81 % | ||
S3 | 146.41 | -1.69 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 152.81 | 2.61 % | |
R2 | 151.79 | 1.92 % | ||
R1 | 150.29 | 0.91 % | ||
Current price | 148.93 | |||
Support | S1 | 145.60 | -2.24% | |
S2 | 141.75 | -4.82% | ||
S3 | 139.04 | -6.64% |
ICFI Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 27, 2024 | Mar 21, 2024 | Apr 12, 2024 | $0.140 | 0.0941% |
2 | Nov 02, 2023 | Dec 07, 2023 | Jan 12, 2024 | $0.140 | 0.106% |
3 | Aug 03, 2023 | Sep 07, 2023 | Oct 13, 2023 | $0.140 | 0.106% |
4 | May 09, 2023 | Jun 08, 2023 | Jul 14, 2023 | $0.140 | 0.117% |
5 | Feb 28, 2023 | Mar 23, 2023 | Apr 13, 2023 | $0.140 | 0.125% |
FAQ
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