Industria de Diseño Textil, S.A. Stock Forecast
Green day on Friday for Industria de Diseño Textil, S.A.
(Updated on Apr 19, 2024)
The Industria de Diseño Textil, S.A. stock price gained 1.73% on the last trading day (Friday, 19th Apr 2024), rising from $45.99 to $46.79. During the last trading day the stock fluctuated 1.43% from a day low at $46.13 to a day high of $46.79. The price has fallen in 6 of the last 10 days and is down by -5.08% for this period. Volume fell on the last day by -409 shares and in total, 2 thousand shares were bought and sold for approximately $74.48 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 lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $46.11 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 17.09% during the next 3 months and, with a 90% probability hold a price between $53.99 and $62.06 at the end of this 3-month period.
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IDEXF Signals & Forecast
There are few to no technical positive signals at the moment. The Industria de Diseño Textil, S.A. stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $47.60. On a fall, the stock will find some support from the short-term average at $46.37. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Wednesday, March 27, 2024, and so far it has fallen -8.27%. Further fall is indicated until a new bottom pivot has been found. 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 not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Industria de Diseño Textil, S.A. stock
Industria de Diseño Textil, S.A. finds support from accumulated volume at $46.24 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.660 between high and low, or 1.43%. For the last week the stock has had daily average volatility of 2.02%.
Industria de Diseño Textil, S.A. is oversold on RSI14 (24). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (IDEXF) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect Industria de Diseño Textil, S.A. to open at $46.57, and during the day (based on 14 day Average True Range), to move between $45.61 and $47.96, which gives a possible trading interval of +/-$1.18 (+/-2.52%) up or down from last closing price. If Industria de Diseño Textil, S.A. takes out the full calculated possible swing range there will be an estimated 5.03% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $46.24 (1.17%) than the resistance at $47.62 (1.78%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Industria de Diseño Textil, S.A. stock A Buy?
The Industria de Diseño Textil, S.A. stock holds several negative signals and despite the positive trend, we believe Industria de Diseño Textil, S.A. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -3.642 Sell Candidate Unchanged
Predicted Opening Price for Industria de Diseño Textil, S.A. of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| $46.57 ( 0.470%) | $46.79 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IDEXF
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 47.23 | 0.94 % | |
| R2 | 46.97 | 0.402 % | ||
| R1 | 46.82 | 0.0687 % | ||
| Current price: | 46.79 | |||
| Support | S1 | 46.31 | -1.01 % | |
| S2 | 46.16 | -1.34 % | ||
| S3 | 45.91 | -1.88 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 49.86 | 6.56 % | |
| R2 | 48.70 | 4.10 % | ||
| R1 | 47.62 | 1.78 % | ||
| Current price | 46.79 | |||
| Support | S1 | 46.24 | -1.17% | |
| S2 | 43.84 | -6.31% | ||
| S3 | 42.88 | -8.34% |
IDEXF Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Oct 31, 2024 | Oct 31, 2024 | Oct 31, 2024 | $0 | 0% |
| 2 | Apr 29, 2024 | Apr 29, 2024 | Apr 29, 2024 | $0 | 0% |
| 3 | Apr 27, 2023 | Apr 27, 2023 | Apr 27, 2023 | $0.663 | 1.93% |
| 4 | Oct 31, 2022 | Oct 31, 2022 | Oct 31, 2022 | $0.463 | 2.05% |
| 5 | Apr 28, 2022 | Apr 28, 2022 | Apr 28, 2022 | $0.491 | 2.31% |
FAQ
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