International Bancshares Corporation Stock Forecast
Stronger technical forecast for International Bancshares Corporation stock price after Wednesday trading.
(Updated on May 01, 2024)
The International Bancshares Corporation stock price gained 2.73% on the last trading day (Wednesday, 1st May 2024), rising from $55.65 to $57.17. During the last trading day the stock fluctuated 4.00% from a day low at $55.98 to a day high of $58.22. The price has risen in 8 of the last 10 days and is up by 9.56% 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, 245 thousand more shares were traded than the day before. In total, 413 thousand shares were bought and sold for approximately $23.61 million.
The stock lies in the upper part of a weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $57.60 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 6.40% during the next 3 months and, with a 90% probability hold a price between $56.12 and $61.29 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
IBOC Signals & Forecast
Mostly positive signals in the chart today. The International Bancshares Corporation 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 $56.26 and $54.60. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 9.56%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for International Bancshares Corporation stock
International Bancshares Corporation finds support from accumulated volume at $54.57 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $2.24 between high and low, or 4.00%. For the last week, the stock has had daily average volatility of 2.04%.
Our recommended stop-loss: $55.10 (-3.63%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 10 days ago.)
Trading Expectations (IBOC) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect International Bancshares Corporation to open at $57.12, and during the day (based on 14 day Average True Range), to move between $55.84 and $58.50, which gives a possible trading interval of +/-$1.33 (+/-2.32%) up or down from last closing price. If International Bancshares Corporation takes out the full calculated possible swing range there will be an estimated 4.65% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $54.57, some $2.60 (4.55%) from the current price of $57.17, our system finds the risk reward attractive.
Earnings coming up
International Bancshares Corporation will release earnings BMO on Thursday, May 02, 2024. We will update the financials statements for International Bancshares Corporation, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 3.09% in the first trading day after earnings release.
Is International Bancshares Corporation 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 International Bancshares Corporation stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 4.957 Buy Candidate Upgraded
Predicted Opening Price for International Bancshares Corporation of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| $57.12 ( 0.0816%) | $57.17 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IBOC
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 59.36 | 3.84 % | |
| R2 | 58.51 | 2.34 % | ||
| R1 | 57.98 | 1.42 % | ||
| Current price: | 57.17 | |||
| Support | S1 | 56.27 | -1.58 % | |
| S2 | 55.74 | -2.50 % | ||
| S3 | 54.88 | -4.00 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 57.17 | |||
| Support | S1 | 54.57 | -4.55% | |
| S2 | 54.42 | -4.81% | ||
| S3 | 53.42 | -6.56% |
IBOC Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 31, 2024 | Feb 14, 2024 | Feb 28, 2024 | $0.660 | 1.29% |
| 2 | Jul 25, 2023 | Aug 10, 2023 | Aug 25, 2023 | $0.630 | 1.40% |
| 3 | Jan 31, 2023 | Feb 14, 2023 | Feb 28, 2023 | $0.630 | 1.30% |
| 4 | Aug 05, 2022 | Aug 15, 2022 | Aug 29, 2022 | $0.600 | 1.44% |
| 5 | Feb 04, 2022 | Feb 14, 2022 | Feb 28, 2022 | $0.600 | 1.40% |
FAQ
Click here for our free guide on how to buy International Bancshares Corporation Stock.
