Integral Diagnostics Limited 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:
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
Integral Diagnostics Limited stock price up 0.772% on Wednesday
(Updated on Jun 26, 2024)
The Integral Diagnostics Limited stock price gained 0.772% on the last trading day (Wednesday, 26th Jun 2024), rising from $2.59 to $2.61. During the last trading day the stock fluctuated 2.94% from a day low at $2.56 to a day high of $2.63. The price has risen in 7 of the last 10 days and is up by 9.66% over the past 2 weeks. Volume fell on the last day by -226 thousand shares and in total, 564 thousand shares were bought and sold for approximately $1.47 million. 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 upper part of a wide and weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $2.61 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 5.47% during the next 3 months and, with a 90% probability hold a price between $2.48 and $2.76 at the end of this 3-month period.
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IDX.AX Signals & Forecast
The Integral Diagnostics Limited 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 $2.57 and $2.46. A breakdown below any of these levels will issue sell signals. 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 Monday, June 24, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. 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 also not.
Support, Risk & Stop-loss for Integral Diagnostics Limited stock
Integral Diagnostics Limited finds support from accumulated volume at $2.50 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 $0.0750 between high and low, or 2.94%. For the last week the stock has had daily average volatility of 2.62%.
Our recommended stop-loss: $2.53 (-3.16%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 11 days ago.)
Trading Expectations (IDX.AX) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Integral Diagnostics Limited to open at $2.60, and during the day (based on 14 day Average True Range), to move between $2.51 and $2.71, which gives a possible trading interval of +/-$0.0965 (+/-3.70%) up or down from last closing price. If Integral Diagnostics Limited takes out the full calculated possible swing range there will be an estimated 7.39% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $2.50, some $0.110 (4.21%) from the current price of $2.61, our system finds the risk reward attractive.
Is Integral Diagnostics Limited 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 Integral Diagnostics Limited stock to perform well in the short-term.
Current score: 1.838 Buy Candidate Unchanged
Predicted Opening Price for Integral Diagnostics Limited of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| $2.60 ( 0.447%) | $2.61 |
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 | |
|---|---|---|
| R3 | 2.67 | 2.43% |
| R2 | 2.64 | 1.33% |
| R1 | 2.63 | 0.651% |
| Price | 2.61 | |
| S1 | 2.57 | -1.54% |
| S2 | 2.55 | -2.22% |
| S3 | 2.52 | -3.32% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 2.61 | |
| S1 | 2.50 | -4.21% |
| S2 | 2.43 | -6.90% |
| S3 | 2.36 | -9.58% |
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% |
FAQ
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