Intellicheck Mobilisa, Inc Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
![Bollinger Bottleneck Buy Pattern 1](https://stockinvest.us/assets/img/legend/boll_tight.gif?v=9c477529db2857fdd0fe37e6230326b11249550d)
![Bollinger Bottleneck Buy Pattern 2](https://stockinvest.us/assets/img/legend/boll_tight2.gif?v=9c477529db2857fdd0fe37e6230326b11249550d)
![Bollinger Bottleneck Sell Pattern](https://stockinvest.us/assets/img/legend/boll_tight3.gif?v=9c477529db2857fdd0fe37e6230326b11249550d)
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Volatile ride for Intellicheck Mobilisa, Inc stock price on Tuesday moving between $3.51 and $4.05
(Updated on Jul 02, 2024)
The Intellicheck Mobilisa, Inc stock price gained 7.10% on the last trading day (Tuesday, 2nd Jul 2024), rising from $3.52 to $3.77. During the last trading day the stock fluctuated 15.38% from a day low at $3.51 to a day high of $4.05. The price has risen in 6 of the last 10 days and is up by 15.64% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 69 thousand more shares were traded than the day before. In total, 121 thousand shares were bought and sold for approximately $457.50 thousand.
The stock lies in the middle of a very wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 6.30% during the next 3 months and, with a 90% probability hold a price between $3.03 and $4.44 at the end of this 3-month period.
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IDN Signals & Forecast
The Intellicheck Mobilisa, Inc 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 $3.47 and $3.31. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, June 18, 2024, and so far it has risen 20.45%. Further rise is indicated until a new top pivot has been found. Intellicheck Mobilisa, Inc has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. 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).
Support, Risk & Stop-loss for Intellicheck Mobilisa, Inc stock
On the downside, the stock finds support just below today's level from accumulated volume at $3.48 and $3.40. 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, Intellicheck Mobilisa, Inc finds support just below today's level at $3.48. If this is broken, then the next support from accumulated volume will be at $3.40 and $3.20.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.540 between high and low, or 15.38%. For the last week, the stock has had daily average volatility of 8.59%.
Our recommended stop-loss: $3.61 (-4.14%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 14 days ago.)
Trading Expectations (IDN) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Intellicheck Mobilisa, Inc to open at $3.78, and during the day (based on 14 day Average True Range), to move between $3.46 and $4.08, which gives a possible trading interval of +/-$0.307 (+/-8.15%) up or down from last closing price. If Intellicheck Mobilisa, Inc takes out the full calculated possible swing range there will be an estimated 16.30% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $3.79 (0.53%) than the support at $3.48 (7.69%), 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 Intellicheck Mobilisa, Inc stock A Buy?
Intellicheck Mobilisa, Inc holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 5.593 Strong Buy Candidate Upgraded
Predicted Opening Price for Intellicheck Mobilisa, Inc of Wednesday, July 3, 2024
Fair opening price July 3, 2024 | Current price |
---|---|
$3.78 ( 0.177%) | $3.77 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IDN
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 4.32 | 14.50% |
R2 | 4.11 | 9.03% |
R1 | 3.98 | 5.65% |
Price | 3.77 | |
S1 | 3.57 | -5.29% |
S2 | 3.44 | -8.68% |
S3 | 3.24 | -14.15% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 4.12 | 9.28% |
R2 | 3.96 | 5.04% |
R1 | 3.79 | 0.531% |
Price | 3.77 | |
S1 | 3.48 | -7.69% |
S2 | 3.40 | -9.81% |
S3 | 3.20 | -15.12% |
FAQ
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