Isdn Holdings Limited Stock Forecast

Weaker technical forecast for Isdn Holdings Limited as stock downgraded to Hold/Accumulate.
(Updated on Jun 28, 2024)

I07.SI Signals & Forecast

There are mixed signals in the stock today. The Isdn Holdings Limited 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 S$0.306. On a fall, the stock will find some support from the short-term average at S$0.304. 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. A sell signal was issued from a pivot top point on Thursday, June 27, 2024, and so far it has fallen -1.61%. 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 along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.

Buy

Special Signal Notification

Double Bottom Formation

A buy signal from a double bottom formation was found on Wednesday, June 26, 2024 and based on theory for this formation the price should go up by 12.07% to S$0.342 within 47 trading days since signal was issued (Wednesday, September 04, 2024).

Support, Risk & Stop-loss for Isdn Holdings Limited stock

Isdn Holdings Limited finds support from accumulated volume at S$0.300 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved S$0 between high and low, or 0%. For the last week the stock has had daily average volatility of 1.35%

Our recommended stop-loss: S$0.291 (-4.58%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 2 days ago.)

Trading Expectations (I07.SI) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Isdn Holdings Limited to open at S$0.305, and during the day (based on 14 day Average True Range), to move between S$0.296 and S$0.314, which gives a possible trading interval of +/-S$0.0086 (+/-2.83%) up or down from last closing price. If Isdn Holdings Limited takes out the full calculated possible swing range there will be an estimated 5.66% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at S$0.310 (1.64%) than the support at S$0.300 (1.64%), 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 Isdn Holdings Limited stock A Buy?

Isdn Holdings Limited 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: -0.356 Hold/Accumulate Downgraded

Predicted Opening Price for Isdn Holdings Limited of Monday, July 1, 2024

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