Integral Diagnostics Limited Stock Forecast
Integral Diagnostics Limited stock upgraded to Sell Candidate.
(Updated on May 24, 2024)
The Integral Diagnostics Limited stock price fell by -1.63% on the last day (Friday, 24th May 2024) from $2.45 to $2.41. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 1.88% from a day low at $2.40 to a day high of $2.45. The price has fallen in 5 of the last 10 days and is down by -2.43% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -159 thousand shares and in total, 166 thousand shares were bought and sold for approximately $401.26 thousand.
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 $2.37 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 12.40% during the next 3 months and, with a 90% probability hold a price between $2.67 and $3.00 at the end of this 3-month period.
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IDX.AX Signals & Forecast
There are few to no technical positive signals at the moment. The Integral Diagnostics Limited stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $2.46 and $2.45. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, April 23, 2024, and so far it has fallen -5.86%. 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 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 Integral Diagnostics Limited stock
On the downside, the stock finds support just below today's level from accumulated volume at $2.24 and $2.21. 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, Integral Diagnostics Limited finds support just below today's level at $2.24. If this is broken, then the next support from accumulated volume will be at $2.21 and $2.15.
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 $0.0450 between high and low, or 1.88%. For the last week the stock has had daily average volatility of 2.06%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (IDX.AX) For The Upcoming Trading Day Of Monday 27th
For the upcoming trading day on Monday, 27th we expect Integral Diagnostics Limited to open at $2.42, and during the day (based on 14 day Average True Range), to move between $2.34 and $2.48, which gives a possible trading interval of +/-$0.0655 (+/-2.72%) up or down from last closing price. If Integral Diagnostics Limited takes out the full calculated possible swing range there will be an estimated 5.44% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $2.43 (0.83%) than the support at $2.24 (7.05%), 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 Integral Diagnostics Limited stock A Buy?
The Integral Diagnostics Limited stock holds several negative signals and despite the positive trend, we believe Integral Diagnostics Limited will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -3.721 Sell Candidate Upgraded
Predicted Opening Price for Integral Diagnostics Limited of Monday, May 27, 2024
| Fair opening price May 27, 2024 | Current price |
|---|---|
| $2.42 ( 0.346%) | $2.41 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IDX.AX
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.46 | 2.21 % | |
| R2 | 2.45 | 1.50 % | ||
| R1 | 2.44 | 1.06 % | ||
| Current price: | 2.41 | |||
| Support | S1 | 2.40 | -0.367 % | |
| S2 | 2.39 | -0.81 % | ||
| S3 | 2.37 | -1.52 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.47 | 2.49 % | |
| R2 | 2.45 | 1.66 % | ||
| R1 | 2.43 | 0.83 % | ||
| Current price | 2.41 | |||
| Support | S1 | 2.24 | -7.05% | |
| S2 | 2.21 | -8.30% | ||
| S3 | 2.15 | -10.79% |
IDX Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 29, 2024 | Feb 29, 2024 | Apr 02, 2024 | $0.0250 | 1.10% |
| 2 | Aug 31, 2023 | Aug 31, 2023 | Aug 31, 2023 | $0.0350 | 1.17% |
| 3 | Mar 02, 2023 | Mar 02, 2023 | Mar 02, 2023 | $0.0250 | 0.91% |
| 4 | Sep 01, 2022 | Sep 01, 2022 | Sep 01, 2022 | $0.0300 | 1.03% |
| 5 | Mar 01, 2022 | Mar 01, 2022 | Mar 01, 2022 | $0.0400 | 1.11% |
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