Intercorp Financial Services Inc. Stock Forecast
Intercorp Financial Services Inc. stock upgraded to Buy Candidate.
(Updated on Jun 17, 2024)
The Intercorp Financial Services Inc. stock price gained 2.25% on the last trading day (Monday, 17th Jun 2024), rising from $22.18 to $22.68. During the last trading day the stock fluctuated 2.43% from a day low at $22.18 to a day high of $22.72. The price has fallen in 6 of the last 10 days and is down by -3.28% for this period. Volume fell on the last day by -45 thousand shares and in total, 25 thousand shares were bought and sold for approximately $562.90 thousand. 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 middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -9.90% during the next 3 months and, with a 90% probability hold a price between $17.44 and $22.03 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
IFS Signals & Forecast
The Intercorp Financial Services Inc. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $22.35 and $22.55. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 7.23%. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Intercorp Financial Services Inc. stock
Intercorp Financial Services Inc. finds support from accumulated volume at $21.92 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 $0.540 between high and low, or 2.43%. For the last week the stock has had daily average volatility of 1.74%.
Our recommended stop-loss: $21.90 (-3.46%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 78 days ago.)
Trading Expectations (IFS) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect Intercorp Financial Services Inc. to open at $22.53, and during the day (based on 14 day Average True Range), to move between $22.09 and $23.27, which gives a possible trading interval of +/-$0.589 (+/-2.60%) up or down from last closing price. If Intercorp Financial Services Inc. takes out the full calculated possible swing range there will be an estimated 5.20% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $21.92 (3.35%) than the resistance at $23.81 (4.98%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Intercorp Financial Services Inc. stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 1.150 Buy Candidate Upgraded
Predicted Opening Price for Intercorp Financial Services Inc. of Tuesday, June 18, 2024
| Fair opening price June 18, 2024 | Current price |
|---|---|
| $22.53 ( 0.676%) | $22.68 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IFS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 23.07 | 1.70% |
| R2 | 22.86 | 0.795% |
| R1 | 22.73 | 0.233% |
| Price | 22.68 | |
| S1 | 22.32 | -1.59% |
| S2 | 22.19 | -2.15% |
| S3 | 21.99 | -3.06% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 24.07 | 6.13% |
| R2 | 23.90 | 5.38% |
| R1 | 23.81 | 4.98% |
| Price | 22.68 | |
| S1 | 21.92 | -3.35% |
| S2 | 21.72 | -4.23% |
| S3 | 21.15 | -6.75% |
IFS Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 01, 2024 | Apr 17, 2024 | Apr 29, 2024 | $0.95 | 4.32% |
| 2 | Mar 31, 2023 | Apr 27, 2023 | May 08, 2023 | $1.18 | 5.19% |
| 3 | Mar 31, 2022 | Apr 27, 2022 | May 06, 2022 | $1.75 | 7.15% |
| 4 | Dec 01, 2021 | Dec 14, 2021 | Dec 20, 2021 | $0.650 | 2.75% |
| 5 | Mar 31, 2021 | Apr 27, 2021 | May 06, 2021 | $0.770 | 3.08% |
FAQ
Click here for our free guide on how to buy Intercorp Financial Services Inc. Stock.
