Intelligent Living Application Group Stock Forecast
Red day on Thursday for Intelligent Living Application Group stock after losing 3.61%
(Updated on Jun 27, 2024)
The Intelligent Living Application Group stock price fell by -3.61% on the last day (Thursday, 27th Jun 2024) from $0.415 to $0.400. During the last trading day the stock fluctuated 9.06% from a day low at $0.385 to a day high of $0.420. The price has fallen in 6 of the last 10 days but is still up by 1.27% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -32 thousand shares and in total, 35 thousand shares were bought and sold for approximately $13.97 thousand.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.338 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -14.10% during the next 3 months and, with a 90% probability hold a price between $0.290 and $0.579 at the end of this 3-month period.
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ILAG 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 Intelligent Living Application Group 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 $0.403 and $0.443. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, April 29, 2024, and so far it has fallen -46.47%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Intelligent Living Application Group stock
Intelligent Living Application Group finds support from accumulated volume at $0.390 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.0349 between high and low, or 9.06%. For the last week the stock has had daily average volatility of 9.71%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ILAG) For The Upcoming Trading Day Of Friday 28th
For the upcoming trading day on Friday, 28th we expect Intelligent Living Application Group Inc. to open at $0.402, and during the day (based on 14 day Average True Range), to move between $0.341 and $0.459, which gives a possible trading interval of +/-$0.0593 (+/-14.82%) up or down from last closing price. If Intelligent Living Application Group Inc. takes out the full calculated possible swing range there will be an estimated 29.65% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.390 (2.50%) than the resistance at $0.443 (10.80%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Intelligent Living Application Group Inc. stock A Buy?
Intelligent Living Application Group holds several negative signals and is within a very 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: -2.664 Sell Candidate Unchanged
Predicted Opening Price for Intelligent Living Application Group Inc. of Friday, June 28, 2024
| Fair opening price June 28, 2024 | Current price |
|---|---|
| $0.402 ( 0.408%) | $0.400 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ILAG
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.437 | 9.13% |
| R2 | 0.423 | 5.80% |
| R1 | 0.415 | 3.74% |
| Price | 0.400 | |
| S1 | 0.388 | -2.92% |
| S2 | 0.380 | -4.98% |
| S3 | 0.367 | -8.32% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.491 | 22.75% |
| R2 | 0.443 | 10.85% |
| R1 | 0.443 | 10.80% |
| Price | 0.400 | |
| S1 | 0.390 | -2.50% |
| S2 | 0.375 | -6.28% |
| S3 | 0.366 | -8.50% |
FAQ
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