International Bancshares Corporation 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
Red day on Wednesday for International Bancshares Corporation stock after losing 1.95%
(Updated on Jul 03, 2024)
The International Bancshares Corporation stock price fell by -1.95% on the last day (Wednesday, 3rd Jul 2024) from $58.34 to $57.20. During the last trading day the stock fluctuated 2.10% from a day low at $57.20 to a day high of $58.40. The price has risen in 7 of the last 10 days and is up by 4.36% over the past 2 weeks. 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 -104 thousand shares and in total, 91 thousand shares were bought and sold for approximately $5.23 million.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect International Bancshares Corporation stock with a 90% probability to be traded between $54.89 and $62.11 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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IBOC Signals & Forecast
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 $56.73 and $56.63. 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, July 02, 2024, and so far it has fallen -1.95%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for International Bancshares Corporation stock
International Bancshares Corporation finds support from accumulated volume at $57.17 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $1.20 (2.10%) between high and low. For the last week, the stock has had daily average volatility of 2.25%.
Our recommended stop-loss: $54.85 (-4.11%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 12 days ago.)
Trading Expectations (IBOC) For The Upcoming Trading Day Of Friday 5th
For the upcoming trading day on Friday, 5th we expect International Bancshares Corporation to open at $57.60, and during the day (based on 14 day Average True Range), to move between $55.99 and $58.41, which gives a possible trading interval of +/-$1.21 (+/-2.12%) up or down from last closing price. If International Bancshares Corporation takes out the full calculated possible swing range there will be an estimated 4.24% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $57.21 (0.02%) than the support at $57.17 (0.05%), 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 International Bancshares Corporation stock A Buy?
Several short-term signals 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 period.
Current score: 1.157 Buy Candidate Unchanged
Predicted Opening Price for International Bancshares Corporation of Friday, July 5, 2024
| Fair opening price July 5, 2024 | Current price |
|---|---|
| $57.60 ( 0.699%) | $57.20 |
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 | |
|---|---|---|
| R3 | 58.80 | 2.80% |
| R2 | 58.34 | 2.00% |
| R1 | 58.06 | 1.50% |
| Price | 57.20 | |
| S1 | 57.14 | -0.102% |
| S2 | 56.86 | -0.597% |
| S3 | 56.40 | -1.40% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 58.38 | 2.06% |
| R2 | 57.77 | 1.00% |
| R1 | 57.21 | 0.0175% |
| Price | 57.20 | |
| S1 | 57.17 | -0.0524% |
| S2 | 55.03 | -3.79% |
| S3 | 54.42 | -4.86% |
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
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