Incap Oyj Stock Forecast

Red day on Friday for Incap Oyj
(Updated on May 17, 2024)

ICP1V.HE Signals & Forecast

The Incap Oyj stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately 11.70€. On a fall, the stock will find some support from the long-term average at approximately 9.61€. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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, May 14, 2024, and so far it has fallen -4.13%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.

Support, Risk & Stop-loss for Incap Oyj stock

On the downside, the stock finds support just below today's level from accumulated volume at 10.92€ and 9.12€. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Incap Oyj finds support just below today's level at 10.92€. If this is broken, then the next support from accumulated volume will be at 9.12€ and 8.89€.

This stock may move very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved 0.300€ between high and low, or 2.61%. For the last week the stock has had daily average volatility of 3.36%.

The Incap Oyj stock is extremely overbought on RSI14 (86). This increases the short-term risk substantially.

Our recommended stop-loss: 11.06€ (-4.68%) (This stock has very high daily movements and this gives very high risk. The RSI14 is 86 and this increases the risk substantially. There is a sell signal from a pivot top found 3 days ago.)

Trading Expectations (ICP1V.HE) For The Upcoming Trading Day Of Monday 20th

For the upcoming trading day on Monday, 20th we expect Incap Oyj to open at 11.63€, and during the day (based on 14 day Average True Range), to move between 11.19€ and 12.01€, which gives a possible trading interval of +/-0.410€ (+/-3.53%) up or down from last closing price. If Incap Oyj takes out the full calculated possible swing range there will be an estimated 7.07% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 11.73€ (1.12%) than the support at 10.92€ (5.86%), 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 Incap Oyj stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Incap Oyj stock to perform well in the short-term.

Current score: 2.959 Buy Candidate Unchanged

Predicted Opening Price for Incap Oyj of Monday, May 20, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.