ChipMOS TECHNOLOGIES (Bermuda) LTD. Stock Forecast
ChipMOS TECHNOLOGIES (Bermuda) LTD. stock upgraded from Sell Candidate to Hold/Accumulate after Friday trading session.
(Updated on Jun 28, 2024)
The ChipMOS TECHNOLOGIES (Bermuda) LTD. stock price gained 0.192% on the last trading day (Friday, 28th Jun 2024), rising from $26.06 to $26.11. During the last trading day the stock fluctuated 1.14% from a day low at $26.05 to a day high of $26.35. The price has fallen in 6 of the last 10 days and is down by -3.83% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 414 more shares were traded than the day before. In total, 12 thousand shares were bought and sold for approximately $304.81 thousand.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -11.46% during the next 3 months and, with a 90% probability hold a price between $21.95 and $24.57 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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IMOS Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, June 07, 2024, and so far it has risen 1.99%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). ChipMOS TECHNOLOGIES (Bermuda) LTD. 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 ChipMOS TECHNOLOGIES (Bermuda) LTD. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $27.05 and $27.04. A break-up above any of these levels will issue buy signals.
Support, Risk & Stop-loss for ChipMOS TECHNOLOGIES (Bermuda) LTD. stock
ChipMOS TECHNOLOGIES (Bermuda) LTD. finds support from accumulated volume at $25.96 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.296 (1.14%) between high and low. For the last week, the stock has had daily average volatility of 0.770%.
Our recommended stop-loss: $24.63 (-5.66%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 25 days ago.)
Trading Expectations (IMOS) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect ChipMOS TECHNOLOGIES (Bermuda) LTD. to open at $26.17, and during the day (based on 14 day Average True Range), to move between $25.57 and $26.65, which gives a possible trading interval of +/-$0.543 (+/-2.08%) up or down from last closing price. If ChipMOS TECHNOLOGIES (Bermuda) LTD. takes out the full calculated possible swing range there will be an estimated 4.16% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $25.96 (0.57%) than the resistance at $27.26 (4.40%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is ChipMOS TECHNOLOGIES (Bermuda) LTD. stock A Buy?
ChipMOS TECHNOLOGIES (Bermuda) LTD. 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.246 Hold/Accumulate Upgraded
Predicted Opening Price for ChipMOS TECHNOLOGIES (Bermuda) LTD. of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $26.17 ( 0.225%) | $26.11 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IMOS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 26.46 | 1.36% |
| R2 | 26.35 | 0.92% |
| R1 | 26.28 | 0.657% |
| Price | 26.11 | |
| S1 | 26.06 | -0.208% |
| S2 | 25.99 | -0.476% |
| S3 | 25.87 | -0.91% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 30.64 | 17.35% |
| R2 | 27.60 | 5.71% |
| R1 | 27.26 | 4.40% |
| Price | 26.11 | |
| S1 | 25.96 | -0.574% |
| S2 | 25.74 | -1.42% |
| S3 | 25.60 | -1.95% |
IMOS Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 27, 2024 | Jun 27, 2024 | Aug 05, 2024 | $0.86 | 3.28% |
| 2 | May 30, 2023 | Jun 29, 2023 | Jul 27, 2023 | $1.50 | 6.63% |
| 3 | May 31, 2022 | Jun 29, 2022 | Jul 27, 2022 | $2.92 | 12.22% |
| 4 | Jul 21, 2021 | Aug 06, 2021 | Sep 08, 2021 | $1.57 | 4.03% |
| 5 | Jan 01, 1900 | Jul 01, 2020 | Jan 01, 1900 | $1.21 | 0% |
FAQ
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