Ipsidy Inc. Stock Forecast
Big movements in Ipsidy Inc. stock price on Tuesday moving 15.21% between high and low
(Updated on Jul 02, 2024)
The Ipsidy Inc. stock price fell by -2.30% on the last day (Tuesday, 2nd Jul 2024) from $10.00 to $9.77. During the last trading day the stock fluctuated 15.21% from a day low at $8.68 to a day high of $10.00. The price has fallen in 7 of the last 10 days and is down by -17.13% for this period. Volume has increased on the last day by 2 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 28 thousand shares were bought and sold for approximately $274.33 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 16.86% during the next 3 months and, with a 90% probability hold a price between $9.14 and $14.11 at the end of this 3-month period.
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AUID Signals & Forecast
The Ipsidy 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 $9.29 and $8.47. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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, June 17, 2024, and so far it has fallen -17.13%. Further fall is indicated until a new bottom pivot has been found. Ipsidy Inc. gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
Support, Risk & Stop-loss for Ipsidy Inc. stock
On the downside, the stock finds support just below today's level from accumulated volume at $8.95 and $7.76. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Ipsidy Inc. finds support just below today's level at $8.95. If this is broken, then the next support from accumulated volume will be at $7.76 and $7.50.
This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $1.32 between high and low, or 15.21%. For the last week, the stock has had daily average volatility of 14.50%.
Our recommended stop-loss: $9.49 (-2.84%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 20 days ago.)
Trading Expectations (AUID) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Ipsidy Inc. to open at $9.48, and during the day (based on 14 day Average True Range), to move between $8.68 and $10.86, which gives a possible trading interval of +/-$1.09 (+/-11.12%) up or down from last closing price. If Ipsidy Inc. takes out the full calculated possible swing range there will be an estimated 22.23% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $9.87 (1.02%) than the support at $8.95 (8.39%), 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 Ipsidy 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 Ipsidy Inc. stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 2.775 Buy Candidate Upgraded
Predicted Opening Price for Ipsidy Inc. of Wednesday, July 3, 2024
Fair opening price July 3, 2024 | Current price |
---|---|
$9.48 ( 2.93%) | $9.77 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AUID
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 10.80 | 10.58% |
R2 | 10.30 | 5.42% |
R1 | 9.99 | 2.23% |
Price | 9.77 | |
S1 | 8.98 | -8.10% |
S2 | 8.67 | -11.28% |
S3 | 8.16 | -16.44% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 11.79 | 20.68% |
R2 | 10.33 | 5.73% |
R1 | 9.87 | 1.02% |
Price | 9.77 | |
S1 | 8.95 | -8.39% |
S2 | 7.76 | -20.57% |
S3 | 7.50 | -23.23% |
FAQ
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