Ib Acquisition Corp. Right Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Big movements in Ib Acquisition Corp. Right stock price on Wednesday moving 678.49% between high and low
(Updated on Jun 26, 2024)
The Ib Acquisition Corp. Right stock price fell by -20.00% on the last day (Wednesday, 26th Jun 2024) from $0.100 to $0.0800. During the last trading day the stock fluctuated 678.49% from a day low at $0.0753 to a day high of $0.586. The price has fallen in 5 of the last 10 days and is down by -20% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -342 thousand shares and in total, 252 thousand shares were bought and sold for approximately $20.16 thousand.
The stock has broken the very wide and strong rising short-term trend down. This signalizes a slower rate of rising, but may also be an early warning about a possible trend shift. Due to the trend being broken there will now be resistance at the bottom line of the trend at $0.0897. A reaction back to this level may hold a second chance to get out before further falls.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
IBACR Signals & Forecast
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. The Ib Acquisition Corp. Right stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $0.102 and $0.0931. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, June 18, 2024, and so far it has fallen -27.27%. Further fall is indicated until a new bottom pivot has been found. 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.
A sell signal from a double top formation was found on Wednesday, May 08, 2024 and based on theory for this formation the price should fall by -9.38% to $0.0725 within 2 trading days since signal was issued (Friday, May 10, 2024).
Support, Risk & Stop-loss for Ib Acquisition Corp. Right stock
Ib Acquisition Corp. Right finds support from accumulated volume at $0.0800 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 periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.511 between high and low, or 678.49%. For the last week the stock has had daily average volatility of 137.50%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (IBACR) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Ib Acquisition Corp. Right to open at $0.247, and during the day (based on 14 day Average True Range), to move between $0.0347 and $0.125, which gives a possible trading interval of +/-$0.0453 (+/-56.58%) 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 113.16% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0800 (0.02%) than the resistance at $0.0805 (0.63%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Ib Acquisition Corp. Right stock A Buy?
The Ib Acquisition Corp. Right stock holds several negative signals and despite the positive trend, we believe Ib Acquisition Corp. Right will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -3.698 Sell Candidate Downgraded
Predicted Opening Price for Ib Acquisition Corp. Right of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| $0.247 ( 208.96%) | $0.0800 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IBACR
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.758 | 847.58% |
| R2 | 0.563 | 603.63% |
| R1 | 0.442 | 452.91% |
| Price | 0.0800 | |
| S1 | 0.0520 | -35.00% |
| S2 | -0.0686 | -185.71% |
| S3 | -0.264 | -429.67% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0997 | 24.63% |
| R2 | 0.0950 | 18.75% |
| R1 | 0.0805 | 0.625% |
| Price | 0.0800 | |
| S1 | 0.0800 | -0.0200% |
| S2 | 0.0752 | -6.00% |
| S3 | 0.0750 | -6.25% |
FAQ
Click here for our free guide on how to buy Ib Acquisition Corp. Right Stock.
