Ipsidy Inc. Stock Forecast
Ipsidy Inc. stock price up more than 5.98% on Monday
(Updated on Apr 29, 2024)
The Ipsidy Inc. stock price gained 5.98% on the last trading day (Monday, 29th Apr 2024), rising from $7.52 to $7.97. During the last trading day the stock fluctuated 6.73% from a day low at $7.72 to a day high of $8.24. The price has been going up and down for this period, and there has been a 2.7% gain for the last 2 weeks. Volume fell on the last day by -7 thousand shares and in total, 26 thousand shares were bought and sold for approximately $206.84 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a very 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 -27.99% during the next 3 months and, with a 90% probability hold a price between $3.99 and $6.49 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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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, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $7.64 and $7.93. 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 Friday, April 05, 2024, and so far it has fallen -5.23%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Support, Risk & Stop-loss for Ipsidy Inc. stock
On the downside, the stock finds support just below today's level from accumulated volume at $7.39 and $7.16. 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 $7.39. If this is broken, then the next support from accumulated volume will be at $7.16 and $7.01.
This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.520 between high and low, or 6.73%. For the last week the stock has had daily average volatility of 9.76%.
Our recommended stop-loss: $7.66 (-3.92%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 16 days ago.)
Trading Expectations (AUID) For The Upcoming Trading Day Of Tuesday 30th
For the upcoming trading day on Tuesday, 30th we expect Ipsidy Inc. to open at $7.98, and during the day (based on 14 day Average True Range), to move between $7.25 and $8.69, which gives a possible trading interval of +/-$0.722 (+/-9.06%) up or down from last closing price. If Ipsidy Inc. takes out the full calculated possible swing range there will be an estimated 18.12% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $8.41 (5.52%) than the support at $7.39 (7.28%), 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 are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 1.766 Buy Candidate Upgraded
Predicted Opening Price for Ipsidy Inc. of Tuesday, April 30, 2024
| Fair opening price April 30, 2024 | Current price |
|---|---|
| $7.98 ( 0.0849%) | $7.97 |
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 | |||
|---|---|---|---|---|
| Resistance | R3 | 8.50 | 6.61 % | |
| R2 | 8.30 | 4.12 % | ||
| R1 | 8.18 | 2.58 % | ||
| Current price: | 7.97 | |||
| Support | S1 | 7.78 | -2.41 % | |
| S2 | 7.66 | -3.95 % | ||
| S3 | 7.46 | -6.44 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 9.30 | 16.69 % | |
| R2 | 8.70 | 9.16 % | ||
| R1 | 8.41 | 5.52 % | ||
| Current price | 7.97 | |||
| Support | S1 | 7.39 | -7.28% | |
| S2 | 7.16 | -10.16% | ||
| S3 | 7.01 | -12.04% |
FAQ
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