Interact Holdings Group, Inc. Stock Forecast

Evaluation of Interact Holdings Group, Inc. stock downgraded after the last trading session.
(Updated on Jun 17, 2024)

IHGP Signals & Forecast

The Interact Holdings Group, 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 $0.0367 and $0.0256. 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). Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". The very low volume increases the risk and reduces the other technical signals issued. 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 Friday, June 14, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for Interact Holdings Group, Inc. stock

On the downside, the stock finds support just below today's level from accumulated volume at $0.0380 and $0.0350. 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, Interact Holdings Group, Inc. finds support just below today's level at $0.0380. If this is broken, then the next support from accumulated volume will be at $0.0350 and $0.0340.

This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0 between high and low, or 0%. For the last week, the stock has had daily average volatility of 0%.

Our recommended stop-loss: $0.0434 (-3.58%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 2 days ago.)

Trading Expectations (IHGP) For The Upcoming Trading Day Of Tuesday 18th

For the upcoming trading day on Tuesday, 18th we expect Interact Holdings Group, Inc. to open at $0.0450, and during the day (based on 14 day Average True Range), to move between $0.0406 and $0.0494, which gives a possible trading interval of +/-$0.0044 (+/-9.79%) up or down from last closing price. If Interact Holdings Group, Inc. takes out the full calculated possible swing range there will be an estimated 19.58% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $0.0380, some $0.0070 (15.56%) from the current price of $0.0450, our system finds the risk reward attractive.

Is Interact Holdings Group, Inc. stock A Buy?

Interact Holdings Group, Inc. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. 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 Hold/Accumulate candidate.

Current score: 0.000 Hold/Accumulate Downgraded

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for Interact Holdings Group, Inc. of Tuesday, June 18, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.