InnSuites Hospitality Trust Stock Forecast
Green day on Thursday for InnSuites Hospitality Trust
(Updated on Apr 25, 2024)
The InnSuites Hospitality Trust stock price gained 3.19% on the last trading day (Thursday, 25th Apr 2024), rising from $1.37 to $1.42. During the last trading day the stock fluctuated 0% from a day low at $1.42 to a day high of $1.42. The price has been going up and down for this period, and there has been a 1.8% gain for the last 2 weeks. Volume fell on the last day by -347 shares and in total, 325 shares were bought and sold for approximately $459.88 . 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 is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect InnSuites Hospitality Trust stock with a 90% probability to be traded between $1.35 and $1.67 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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IHT Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 23, 2024, and so far it has risen 4.04%. Further rise is indicated until a new top pivot has been found. 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 InnSuites Hospitality Trust 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 $1.44 and $1.44. A break-up above any of these levels will issue buy signals. 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 not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for InnSuites Hospitality Trust stock
InnSuites Hospitality Trust finds support from accumulated volume at $1.40 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 between high and low, or 0%. For the last week the stock has had daily average volatility of 3.62%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (IHT) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect InnSuites Hospitality Trust to open at $1.42, and during the day (based on 14 day Average True Range), to move between $1.32 and $1.51, which gives a possible trading interval of +/-$0.0924 (+/-6.53%) up or down from last closing price. If InnSuites Hospitality Trust takes out the full calculated possible swing range there will be an estimated 13.05% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $1.40 (1.06%) than the resistance at $1.45 (2.47%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is InnSuites Hospitality Trust stock A Buy?
InnSuites Hospitality Trust holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -1.367 Sell Candidate Unchanged
Predicted Opening Price for InnSuites Hospitality Trust of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $1.42 ( 0%) | $1.42 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IHT
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.42 | . | |
| R2 | 1.42 | . | ||
| R1 | 1.42 | . | ||
| Current price: | 1.42 | |||
| Support | S1 | 1.42 | . | |
| S2 | 1.42 | . | ||
| S3 | 1.42 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.55 | 9.54 % | |
| R2 | 1.55 | 9.19 % | ||
| R1 | 1.45 | 2.47 % | ||
| Current price | 1.42 | |||
| Support | S1 | 1.40 | -1.06% | |
| S2 | 1.38 | -2.47% | ||
| S3 | 1.36 | -3.89% |
IHT Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 19, 2024 | Jan 19, 2024 | Feb 05, 2024 | $0.0100 | 0.725% |
| 2 | Jul 12, 2023 | Jul 19, 2023 | Jul 31, 2023 | $0.0100 | 0.500% |
| 3 | Jan 04, 2023 | Jan 19, 2023 | Feb 03, 2023 | $0.0100 | 0.588% |
| 4 | Jun 29, 2022 | Jul 14, 2022 | Jul 29, 2022 | $0.0100 | 0.334% |
| 5 | Jan 04, 2022 | Jan 14, 2022 | Jan 31, 2022 | $0.0100 | 0.338% |
FAQ
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