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ChipMOS TECHNOLOGIES (Bermuda) LTD. Stock Forecast NASDAQ:IMOS

$32.29 (2.87%)

Volume: 42k

Closed: Oct 15, 2021

Hollow Logo Score: -3.070

ChipMOS TECHNOLOGIES (Bermuda) LTD. Stock Forecast

$32.29 (2.87%)

Volume: 42k

Closed: Oct 15, 2021

Score Hollow Logo -3.070
Which way will IMOS go? Request
Key Stats
Beta 0.79
Trailing Dividend Rate 4.9% ($1.58)
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] RSI14 is 29 and the stock is currently not being overbought or oversold

Green day on Friday for ChipMOS TECHNOLOGIES (Bermuda) LTD. stock after gaining 2.87%
(Updated on Oct 15, 2021)


Sell candidate since 2021-09-29 Loss -5.36%

The ChipMOS TECHNOLOGIES (Bermuda) LTD. stock price gained 2.87% on the last trading day (Friday, 15th Oct 2021), rising from $31.39 to $32.29. , and has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the day the stock fluctuated 1.25% from a day low at $32.06 to a day high of $32.46. The price has been going up and down for this period, and there has been a -3.7% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 19 thousand more shares were traded than the day before. In total, 42 thousand shares were bought and sold for approximately $1.36 million.

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 $30.57 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -12.13% during the next 3 months and, with a 90% probability hold a price between $26.86 and $36.72 at the end of this 3-month period.

Signals & Forecast

A buy signal was issued from a pivot bottom point on Wednesday, October 13, 2021, and so far it has risen 5.01%. Further rise is indicated until a new top pivot has been found. ChipMOS TECHNOLOGIES (Bermuda) LTD. has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. The ChipMOS TECHNOLOGIES (Bermuda) LTD. stock holds a buy signal from the short-term moving average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term moving average at $37.24. On a fall, the stock will find some support from the short-term average at $31.96. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss

ChipMOS TECHNOLOGIES (Bermuda) LTD. finds support from accumulated volume at $32.11 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 a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.40 between high and low, or 1.25%. For the last week, the stock has had a daily average volatility of 1.86%.

Our recommended stop-loss: We hold an negative evaluation for this stock. No stop-loss is set.

Is ChipMOS TECHNOLOGIES (Bermuda) LTD. stock A Buy?

ChipMOS TECHNOLOGIES (Bermuda) LTD. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

Current score: -3.070

Predicted Opening Price for ChipMOS TECHNOLOGIES (Bermuda) LTD. of Monday, October 18, 2021

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

Fair opening price October 18, 2021 Current price
$32.27 $32.29 (Overvalued)
Sell Candidate Unchanged

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Volatility and Risk
Daily Average Volatility: 1.86 %
Overall Risk: Very High High Medium Low Very Low
Volatility
1.86 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $38.70
Price: $32.29
Support: $32.11

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 32.67 1.18 %
32.52 0.70 %
32.42 0.41 %
Current price: 32.29
Support 32.12 -0.54 %
32.02 -0.83 %
31.87 -1.30 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 40.22 24.56 %
39.45 22.16 %
38.70 19.85 %
Current price 32.29
Support 32.11 -0.56%
31.47 -2.54%
30.75 -4.77%

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About ChipMOS TECHNOLOGIES (Bermuda) LTD.

ChipMOS TECHNOLOGIES (Bermuda) LTD., through its subsidiaries, provides semiconductor testing and assembly services in Taiwan, Singapore, the United States, Japan, South Korea, Hong Kong, and other countries. It operates through Testing, Assembly, LCD and Other Flat-Panel Display Driver Semiconductor Testing and Assembly, and Bumping segments. The company offers a range of back-end testing services for memory and logic/mixed-signal semiconductors... Read more

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