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 downgraded to Strong Sell Candidate
(Updated on Jun 17, 2024)
The Integral Diagnostics Limited stock price fell by -4.33% on the last day (Monday, 17th Jun 2024) from $2.54 to $2.43. During the last trading day the stock fluctuated 8.30% from a day low at $2.29 to a day high of $2.48. The price has fallen in 5 of the last 10 days and is down by -0.41% for this period. Volume has increased on the last day by 1 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 2 million shares were bought and sold for approximately $4.31 million.
The stock lies in the middle of a 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 7.53% during the next 3 months and, with a 90% probability hold a price between $2.51 and $2.87 at the end of this 3-month period.
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IDX.AX Signals & Forecast
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. The Integral Diagnostics Limited 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 $2.44 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 -5.08%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Integral Diagnostics Limited stock
Integral Diagnostics Limited finds support from accumulated volume at $2.38 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.190 (8.30%) between high and low. For the last week, the stock has had daily average volatility of 6.43%.
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 Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect Integral Diagnostics Limited to open at $2.40, and during the day (based on 14 day Average True Range), to move between $2.32 and $2.54, which gives a possible trading interval of +/-$0.108 (+/-4.43%) up or down from last closing price. If Integral Diagnostics Limited takes out the full calculated possible swing range there will be an estimated 8.86% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $2.44 (0.41%) than the support at $2.38 (2.06%), 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Sell candidate.
Current score: -5.926 Strong Sell Candidate Downgraded
Predicted Opening Price for Integral Diagnostics Limited of Tuesday, June 18, 2024
| Fair opening price June 18, 2024 | Current price |
|---|---|
| $2.40 ( 1.23%) | $2.43 |
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 | 2.59 | 6.58% |
| R2 | 2.52 | 3.60% |
| R1 | 2.47 | 1.75% |
| Price | 2.43 | |
| S1 | 2.33 | -4.22% |
| S2 | 2.28 | -6.07% |
| S3 | 2.21 | -9.05% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2.47 | 1.65% |
| R2 | 2.45 | 0.82% |
| R1 | 2.44 | 0.412% |
| Price | 2.43 | |
| S1 | 2.38 | -2.06% |
| S2 | 2.36 | -2.88% |
| S3 | 2.15 | -11.52% |
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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