IBC Advanced Alloys Corp. Stock Forecast
A very strong day for IBC Advanced Alloys Corp. stock price on Friday
(Updated on Jun 07, 2024)
The IBC Advanced Alloys Corp. stock price gained 17.31% on the last trading day (Friday, 7th Jun 2024), rising from $0.0520 to $0.0610. During the last trading day the stock fluctuated 0% from a day low at $0.0610 to a day high of $0.0610. The price has been going up and down for this period, and there has been a -12.86% loss 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, 500 more shares were traded than the day before. In total, 500 shares were bought and sold for approximately $30.50 .
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 -23.30% during the next 3 months and, with a 90% probability hold a price between $0.0276 and $0.0516 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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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 $0.0568 and $0.0607. 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 Wednesday, April 17, 2024, and so far it has fallen -22.78%. 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
IBC Advanced Alloys Corp. finds support from accumulated volume at $0.0600 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0 between high and low, or 0%. For the last week, the stock has had daily average volatility of 3.12%.
Our recommended stop-loss: $0.0573 (-6.00%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 37 days ago.)
Trading Expectations (IAALF) For The Upcoming Trading Day Of Monday 10th
For the upcoming trading day on Monday, 10th we expect IBC Advanced Alloys Corp. to open at $0.0610, and during the day (based on 14 day Average True Range), to move between $0.0558 and $0.0662, which gives a possible trading interval of +/-$0.0052 (+/-8.51%) 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 17.03% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0617 (1.15%) than the support at $0.0600 (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 IBC Advanced Alloys Corp. stock A Buy?
IBC Advanced Alloys Corp. 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.
Current score: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for IBC Advanced Alloys Corp. of Monday, June 10, 2024
| Fair opening price June 10, 2024 | Current price |
|---|---|
| $0.0610 ( 0%) | $0.0610 |
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 | |
|---|---|---|
| R3 | 0.0610 | - |
| R2 | 0.0610 | - |
| R1 | 0.0610 | - |
| Price | 0.0610 | |
| S1 | 0.0610 | - |
| S2 | 0.0610 | - |
| S3 | 0.0610 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0700 | 14.75% |
| R2 | 0.0619 | 1.48% |
| R1 | 0.0617 | 1.15% |
| Price | 0.0610 | |
| S1 | 0.0600 | -1.64% |
| S2 | 0.0570 | -6.56% |
| S3 | 0.0550 | -9.84% |
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