Interactive Brokers Group Stock Forecast
Green day on Thursday for Interactive Brokers Group
(Updated on Mar 28, 2024)
The Interactive Brokers Group stock price gained 0.251% on the last trading day (Thursday, 28th Mar 2024), rising from $111.43 to $111.71. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 1.03% from a day low at $111.33 to a day high of $112.48. The price has risen in 7 of the last 10 days and is up by 3.6% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 125 thousand more shares were traded than the day before. In total, 644 thousand shares were bought and sold for approximately $71.99 million.
The stock lies in the middle of a wide and strong 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 33.61% during the next 3 months and, with a 90% probability hold a price between $145.02 and $160.29 at the end of this 3-month period.
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IBKR Signals & Forecast
The Interactive Brokers Group 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 $109.96 and $106.88. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, March 15, 2024, and so far it has risen 3.97%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Interactive Brokers Group stock
On the downside, the stock finds support just below today's level from accumulated volume at $96.13 and $89.19. 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, Interactive Brokers Group finds support just below today's level at $96.13. If this is broken, then the next support from accumulated volume will be at $89.19 and $87.20.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $1.15 between high and low, or 1.03%. For the last week the stock has had daily average volatility of 1.22%.
Our recommended stop-loss: $106.36 (-4.79%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 9 days ago.)
Trading Expectations (IBKR) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Interactive Brokers Group to open at $111.84, and during the day (based on 14 day Average True Range), to move between $109.89 and $113.53, which gives a possible trading interval of +/-$1.82 (+/-1.63%) up or down from last closing price. If Interactive Brokers Group takes out the full calculated possible swing range there will be an estimated 3.25% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $96.13, some $15.58 (13.95%) from the current price of $111.71, our system finds the risk reward attractive.
Is Interactive Brokers Group stock A Buy?
Interactive Brokers Group holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.
Current score: 6.080 Strong Buy Candidate Unchanged
Predicted Opening Price for Interactive Brokers Group of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$111.84 ( 0.116%) | $111.71 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IBKR
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 112.99 | 1.15 % | |
R2 | 112.55 | 0.753 % | ||
R1 | 112.28 | 0.510 % | ||
Current price: | 111.71 | |||
Support | S1 | 111.40 | -0.277 % | |
S2 | 111.13 | -0.520 % | ||
S3 | 110.69 | -0.91 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 0 | . | ||
Current price | 111.71 | |||
Support | S1 | 96.13 | -13.95% | |
S2 | 89.19 | -20.16% | ||
S3 | 87.20 | -21.94% |
IBKR Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 29, 2024 | Feb 29, 2024 | Mar 14, 2024 | $0.100 | 0.0927% |
2 | Oct 17, 2023 | Nov 30, 2023 | Dec 14, 2023 | $0.100 | 0.123% |
3 | Jul 18, 2023 | Aug 31, 2023 | Sep 14, 2023 | $0.100 | 0.108% |
4 | Apr 18, 2023 | May 31, 2023 | Jun 14, 2023 | $0.100 | 0.125% |
5 | Jan 17, 2023 | Feb 28, 2023 | Mar 14, 2023 | $0.100 | 0.125% |
FAQ
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