ICF International Stock Forecast
Red day on Tuesday for ICF International stock after losing 0.478%
(Updated on Jul 02, 2024)
The ICF International stock price fell by -0.478% on the last day (Tuesday, 2nd Jul 2024) from $135.91 to $135.26. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 2.97% from a day low at $133.54 to a day high of $137.50. The price has been going up and down for this period, and there has been a -3.59% loss for the last 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 -99 thousand shares and in total, 116 thousand shares were bought and sold for approximately $15.74 million.
The stock has broken the wide and horizontal trend down. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately $136.86 is considered to be a "second chance" to get out before further fall. It is, however, important to note that false breaks may appear and that the price may move back into the horizontal trend. A break on increasing volume is considered to be more significant and reliable than breaks on low volume.
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ICFI 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 ICF International 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 $145.05 and $143.50. 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 -10.62%. 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 ICF International stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
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 $3.96 between high and low, or 2.97%. For the last week, the stock has had daily average volatility of 3.86%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ICFI) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect ICF International to open at $135.43, and during the day (based on 14 day Average True Range), to move between $131.12 and $139.40, which gives a possible trading interval of +/-$4.14 (+/-3.06%) up or down from last closing price. If ICF International takes out the full calculated possible swing range there will be an estimated 6.11% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $135.91, some $0.650 (0.48%) from the current price of $135.26, our system finds the risk reward not very attractive.
Is ICF International stock A Buy?
ICF International holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -4.745 Sell Candidate Unchanged
Predicted Opening Price for ICF International of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $135.43 ( 0.128%) | $135.26 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ICFI
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 139.39 | 3.06% |
| R2 | 137.88 | 1.94% |
| R1 | 136.95 | 1.25% |
| Price | 135.26 | |
| S1 | 133.92 | -0.99% |
| S2 | 132.99 | -1.68% |
| S3 | 131.47 | -2.80% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 148.46 | 9.76% |
| R2 | 140.44 | 3.83% |
| R1 | 135.91 | 0.481% |
| Price | 135.26 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
ICFI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 02, 2024 | Jun 07, 2024 | Jul 12, 2024 | $0.140 | 0.104% |
| 2 | Feb 27, 2024 | Mar 21, 2024 | Apr 12, 2024 | $0.140 | 0.0975% |
| 3 | Nov 02, 2023 | Dec 07, 2023 | Jan 12, 2024 | $0.140 | 0.106% |
| 4 | Aug 03, 2023 | Sep 07, 2023 | Oct 13, 2023 | $0.140 | 0.106% |
| 5 | May 09, 2023 | Jun 08, 2023 | Jul 14, 2023 | $0.140 | 0.117% |
FAQ
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