IBC Advanced Alloys Corp. Stock Forecast
High volatility in IBC Advanced Alloys Corp. stock price on Tuesday which ended trading at $0.0660
(Updated on May 14, 2024)
The IBC Advanced Alloys Corp. stock price gained 10.00% on the last trading day (Tuesday, 14th May 2024), rising from $0.0600 to $0.0660. During the last trading day the stock fluctuated 15.15% from a day low at $0.0660 to a day high of $0.0760. The price has been going up and down for this period, and there has been a 20% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 17 thousand more shares were traded than the day before. In total, 117 thousand shares were bought and sold for approximately $7.72 thousand.
The stock lies in the middle of a very wide and weak 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 4.40% during the next 3 months and, with a 90% probability hold a price between $0.0446 and $0.0949 at the end of this 3-month period.
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IAALF Signals & Forecast
The IBC Advanced Alloys Corp. 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 $0.0570 and $0.0649. A breakdown below any of these levels will issue sell signals. IBC Advanced Alloys Corp. 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. The very low volume increases the risk and reduces the other technical signals issued. 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, March 08, 2024, and so far it has fallen -25.00%. 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).
Support, Risk & Stop-loss for IBC Advanced Alloys Corp. stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.0600 and $0.0580. 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, IBC Advanced Alloys Corp. finds support just below today's level at $0.0600. If this is broken, then the next support from accumulated volume will be at $0.0580 and $0.0550.
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 $0.0100 between high and low, or 15.15%. For the last week, the stock has had daily average volatility of 3.90%.
Our recommended stop-loss: $0.0620 (-6.12%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 46 days ago.)
Trading Expectations (IAALF) For The Upcoming Trading Day Of Wednesday 15th
For the upcoming trading day on Wednesday, 15th we expect IBC Advanced Alloys Corp. to open at $0.0693, and during the day (based on 14 day Average True Range), to move between $0.0618 and $0.0702, which gives a possible trading interval of +/-$0.0042 (+/-6.40%) up or down from last closing price. If IBC Advanced Alloys Corp. takes out the full calculated possible swing range there will be an estimated 12.80% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0700 (6.06%) than the support at $0.0600 (9.09%), 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 IBC Advanced Alloys Corp. 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 IBC Advanced Alloys Corp. 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: 2.422 Buy Candidate Upgraded
Predicted Opening Price for IBC Advanced Alloys Corp. of Wednesday, May 15, 2024
| Fair opening price May 15, 2024 | Current price |
|---|---|
| $0.0693 ( 5.05%) | $0.0660 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IAALF
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0793 | 20.20 % | |
| R2 | 0.0755 | 14.41 % | ||
| R1 | 0.0732 | 10.84 % | ||
| Current price: | 0.0660 | |||
| Support | S1 | 0.0655 | -0.737 % | |
| S2 | 0.0632 | -4.31 % | ||
| S3 | 0.0593 | -10.10 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0790 | 19.70 % | |
| R2 | 0.0710 | 7.58 % | ||
| R1 | 0.0700 | 6.06 % | ||
| Current price | 0.0660 | |||
| Support | S1 | 0.0600 | -9.09% | |
| S2 | 0.0580 | -12.12% | ||
| S3 | 0.0550 | -16.67% |
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