Ib Acquisition Corp. Right Stock Forecast

Ib Acquisition Corp. Right stock price ended at $0.108 on Friday, after losing 2.18%.
(Updated on Jun 21, 2024)

IBACR Signals & Forecast

The Ib Acquisition Corp. Right 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 $0.105 and $0.0928. 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 Tuesday, June 18, 2024, and so far it has fallen -2.27%. Further fall is indicated until a new bottom pivot has been found. Ib Acquisition Corp. Right 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". The very low volume increases the risk and reduces the other technical signals issued.

Sell

Special Signal Notification

Double Top Formation

Support, Risk & Stop-loss for Ib Acquisition Corp. Right stock

On the downside, the stock finds support just below today's level from accumulated volume at $0.102 and $0.0997. 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, Ib Acquisition Corp. Right finds support just below today's level at $0.102. If this is broken, then the next support from accumulated volume will be at $0.0997 and $0.0950.

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 1.61%.

Our recommended stop-loss: $0.104 (-2.91%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 22 days ago.)

Trading Expectations (IBACR) For The Upcoming Trading Day Of Monday 24th

For the upcoming trading day on Monday, 24th we expect Ib Acquisition Corp. Right to open at $0.108, and during the day (based on 14 day Average True Range), to move between $0.0973 and $0.118, which gives a possible trading interval of +/-$0.0102 (+/-9.50%) up or down from last closing price. If Ib Acquisition Corp. Right takes out the full calculated possible swing range there will be an estimated 19.01% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.110 (2.23%) than the support at $0.102 (5.02%), 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 Ib Acquisition Corp. Right stock A Buy?

Ib Acquisition Corp. Right 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: -0.574 Hold/Accumulate Unchanged

Predicted Opening Price for Ib Acquisition Corp. Right of Monday, June 24, 2024

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