ICF International Stock Forecast
Red day on Monday for ICF International
(Updated on Apr 22, 2024)
The ICF International stock price fell by -0.299% on the last day (Monday, 22nd Apr 2024) from $140.27 to $139.85. During the last trading day the stock fluctuated 1.62% from a day low at $138.92 to a day high of $141.18. The price has fallen in 7 of the last 10 days and is down by -4.26% for this period. Volume has increased on the last day by 10 thousand 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, 54 thousand shares were bought and sold for approximately $7.49 million.
The stock is at the lower part of a wide and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $138.15 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect ICF International stock with a 90% probability to be traded between $139.88 and $160.05 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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ICFI Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 1.27%. Further rise is indicated until a new top pivot has been found. 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. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $140.42 and $148.42. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for ICF International stock
ICF International finds support from accumulated volume at $139.04 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 $2.26 between high and low, or 1.62%. For the last week, the stock has had daily average volatility of 1.86%.
Our recommended stop-loss: $133.00 (-4.90%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 2 days ago.)
Trading Expectations (ICFI) For The Upcoming Trading Day Of Tuesday 23rd
For the upcoming trading day on Tuesday, 23rd we expect ICF International to open at $139.98, and during the day (based on 14 day Average True Range), to move between $136.88 and $142.82, which gives a possible trading interval of +/-$2.97 (+/-2.13%) up or down from last closing price. If ICF International takes out the full calculated possible swing range there will be an estimated 4.25% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $139.04 (0.58%) than the resistance at $145.60 (4.11%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is ICF International stock A Buy?
ICF International 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: 0.698 Hold/Accumulate Unchanged
Predicted Opening Price for ICF International of Tuesday, April 23, 2024
| Fair opening price April 23, 2024 | Current price |
|---|---|
| $139.98 ( 0.0964%) | $139.85 |
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 | |||
|---|---|---|---|---|
| Resistance | R3 | 142.24 | 1.71 % | |
| R2 | 141.38 | 1.09 % | ||
| R1 | 140.85 | 0.713 % | ||
| Current price: | 139.85 | |||
| Support | S1 | 139.12 | -0.520 % | |
| S2 | 138.59 | -0.90 % | ||
| S3 | 137.73 | -1.52 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 151.79 | 8.54 % | |
| R2 | 150.29 | 7.47 % | ||
| R1 | 145.60 | 4.11 % | ||
| Current price | 139.85 | |||
| Support | S1 | 139.04 | -0.579% | |
| S2 | 138.07 | -1.27% | ||
| S3 | 134.56 | -3.78% |
ICFI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 27, 2024 | Mar 21, 2024 | Apr 12, 2024 | $0.140 | 0.0975% |
| 2 | Nov 02, 2023 | Dec 07, 2023 | Jan 12, 2024 | $0.140 | 0.106% |
| 3 | Aug 03, 2023 | Sep 07, 2023 | Oct 13, 2023 | $0.140 | 0.106% |
| 4 | May 09, 2023 | Jun 08, 2023 | Jul 14, 2023 | $0.140 | 0.117% |
| 5 | Feb 28, 2023 | Mar 23, 2023 | Apr 13, 2023 | $0.140 | 0.125% |
FAQ
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