InsCorp, Inc. Stock Forecast
InsCorp, Inc. stock price down 3.23% on Friday
(Updated on Jun 28, 2024)
The InsCorp, Inc. stock price fell by -3.23% on the last day (Friday, 28th Jun 2024) from $23.25 to $22.50. During the last trading day the stock fluctuated 0% from a day low at $22.50 to a day high of $22.50. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks. Volume has increased on the last day by 71 shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 71 shares were bought and sold for approximately $1.60 thousand.
The stock lies in the lower part of a weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $22.32 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 4.64% during the next 3 months and, with a 90% probability hold a price between $23.36 and $25.19 at the end of this 3-month period.
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IBTN 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 InsCorp, Inc. 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 $22.93 and $22.51. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, June 27, 2024, and so far it has fallen -3.23%. Further fall is indicated until a new bottom pivot has been found. InsCorp, Inc. 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.
A buy signal from a double bottom formation was found on Tuesday, June 04, 2024 and based on theory for this formation the price should go up by 2.22% to $23.00 within 5 trading days since signal was issued (Tuesday, June 11, 2024).
Support, Risk & Stop-loss for InsCorp, Inc. stock
InsCorp, Inc. finds support from accumulated volume at $22.25 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 $0 (0%) between high and low. For the last week, the stock has had daily average volatility of 0.217%.
Our recommended stop-loss: $21.53 (-4.30%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (IBTN) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect InsCorp, Inc. to open at $22.50, and during the day (based on 14 day Average True Range), to move between $22.16 and $22.84, which gives a possible trading interval of +/-$0.336 (+/-1.49%) up or down from last closing price. If InsCorp, Inc. takes out the full calculated possible swing range there will be an estimated 2.98% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $22.25 (1.11%) than the resistance at $22.79 (1.28%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is InsCorp, Inc. stock A Buy?
InsCorp, Inc. holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for InsCorp, Inc. of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $22.50 ( 0%) | $22.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IBTN
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 22.50 | - |
| R2 | 22.50 | - |
| R1 | 22.50 | - |
| Price | 22.50 | |
| S1 | 22.50 | - |
| S2 | 22.50 | - |
| S3 | 22.50 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 23.25 | 3.33% |
| R2 | 23.20 | 3.11% |
| R1 | 22.79 | 1.28% |
| Price | 22.50 | |
| S1 | 22.25 | -1.11% |
| S2 | 22.00 | -2.22% |
| S3 | 21.80 | -3.11% |
IBTN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 23, 2024 | May 16, 2024 | Jun 07, 2024 | $0.100 | 0.431% |
| 2 | Jan 23, 2024 | Feb 15, 2024 | Mar 08, 2024 | $0.100 | 0.449% |
| 3 | Oct 24, 2023 | Nov 16, 2023 | Dec 08, 2023 | $0.170 | 0.86% |
| 4 | May 02, 2023 | May 18, 2023 | Jun 09, 2023 | $0.170 | 0.87% |
| 5 | Nov 17, 2022 | Nov 17, 2022 | Dec 09, 2022 | $0.150 | 0.696% |
FAQ
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