Industrias CH, S. A. B. de C. V. Stock Forecast
Green day on Tuesday for Industrias CH, S. A. B. de C. V.
(Updated on Jul 02, 2024)
The Industrias CH, S. A. B. de C. V. stock price gained 0.107% on the last trading day (Tuesday, 2nd Jul 2024), rising from $186.80 to $187.00. During the last trading day the stock fluctuated 0.0535% from a day low at $186.90 to a day high of $187.00. The price has risen in 5 of the last 10 days and is up by 0.11% over the past 2 weeks. Volume fell on the last day by -203 shares and in total, 5 thousand shares were bought and sold for approximately $990.35 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -2.29% during the next 3 months and, with a 90% probability hold a price between $176.15 and $187.60 at the end of this 3-month period.
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ICHB.MX Signals & Forecast
The Industrias CH, S. A. B. de C. V. 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 $186.74 and $186.46. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, June 27, 2024, and so far it has risen 1.33%. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Support, Risk & Stop-loss for Industrias CH, S. A. B. de C. V. stock
Industrias CH, S. A. B. de C. V. finds support from accumulated volume at $186.80 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0.1000 between high and low, or 0.0535%. For the last week the stock has had daily average volatility of 0.88%
Our recommended stop-loss: $177.29 (-5.19%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 7 days ago.)
Trading Expectations (ICHB.MX) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Industrias CH, S. A. B. de C. V. to open at $186.97, and during the day (based on 14 day Average True Range), to move between $184.74 and $189.26, which gives a possible trading interval of +/-$2.26 (+/-1.21%) up or down from last closing price. If Industrias CH, S. A. B. de C. V. takes out the full calculated possible swing range there will be an estimated 2.42% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $186.80 (0.11%) than the resistance at $187.50 (0.27%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Industrias CH, S. A. B. de C. V. stock A Buy?
Industrias CH, S. A. B. de C. V. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.036 Hold/Accumulate Unchanged
Predicted Opening Price for Industrias CH, S. A. B. de C. V. of Wednesday, July 3, 2024
Fair opening price July 3, 2024 | Current price |
---|---|
$186.97 ( 0.0178%) | $187.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ICHB.MX
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 187.07 | 0.0357% |
R2 | 187.03 | 0.0152% |
R1 | 187.00 | 0.0026% |
Price | 187.00 | |
S1 | 186.93 | -0.0383% |
S2 | 186.90 | -0.0509% |
S3 | 186.87 | -0.0713% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 192.80 | 3.10% |
R2 | 188.39 | 0.743% |
R1 | 187.50 | 0.267% |
Price | 187.00 | |
S1 | 186.80 | -0.107% |
S2 | 186.50 | -0.267% |
S3 | 182.00 | -2.67% |
ICHB Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 19, 2020 | Mar 19, 2020 | Mar 19, 2020 | $3.92 | 4.28% |
FAQ
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