IDI Stock Forecast

Weaker technical forecast for IDI as stock downgraded to Sell Candidate.
(Updated on May 31, 2024)

IDIP.PA Signals & Forecast

A buy signal was issued from a pivot bottom point on Wednesday, May 29, 2024, and so far it has risen 0.285%. 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 IDI 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 71.94€ and 74.21€. 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 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 IDI stock

IDI finds support from accumulated volume at 70.20€ 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 controlled movements and therefore the general risk is considered 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 1.20€ between high and low, or 1.71%. For the last week the stock has had daily average volatility of 2.31%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (IDIP.PA) For The Upcoming Trading Day Of Monday 3rd

For the upcoming trading day on Monday, 3rd we expect IDI to open at 70.53€, and during the day (based on 14 day Average True Range), to move between 69.16€ and 71.64€, which gives a possible trading interval of +/-1.24€ (+/-1.75%) up or down from last closing price. If IDI takes out the full calculated possible swing range there will be an estimated 3.51% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at 70.20€ (0.28%) than the resistance at 71.40€ (1.42%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is IDI stock A Buy?

The IDI stock holds several negative signals and despite the positive trend, we believe IDI will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -1.007 Sell Candidate Downgraded

Predicted Opening Price for IDI of Monday, June 3, 2024

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