ChipMOS TECHNOLOGIES (Bermuda) LTD. Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Stronger technical forecast for ChipMOS TECHNOLOGIES (Bermuda) LTD. stock price after Thursday trading.
(Updated on Apr 25, 2024)
The ChipMOS TECHNOLOGIES (Bermuda) LTD. stock price fell by -0.211% on the last day (Thursday, 25th Apr 2024) from $28.40 to $28.34. During the last trading day the stock fluctuated 1.47% from a day low at $27.93 to a day high of $28.34. The price has fallen in 6 of the last 10 days and is down by -6.28% for this period. 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 -5 thousand shares and in total, 12 thousand shares were bought and sold for approximately $334.07 thousand.
The stock lies in the lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $27.99 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 9.00% during the next 3 months and, with a 90% probability hold a price between $30.51 and $36.13 at the end of this 3-month period.
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IMOS Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 1.91%. 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. 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 $30.11. On a fall, the stock will find some support from the short-term average at $28.27. 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). 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.
Support, Risk & Stop-loss for ChipMOS TECHNOLOGIES (Bermuda) LTD. stock
ChipMOS TECHNOLOGIES (Bermuda) LTD. finds support from accumulated volume at $28.20 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 $0.410 between high and low, or 1.47%. For the last week the stock has had daily average volatility of 1.68%.
Our recommended stop-loss: $26.68 (-5.87%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 4 days ago.)
Trading Expectations (IMOS) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect ChipMOS TECHNOLOGIES (Bermuda) LTD. to open at $28.20, and during the day (based on 14 day Average True Range), to move between $27.72 and $28.96, which gives a possible trading interval of +/-$0.617 (+/-2.18%) up or down from last closing price. If ChipMOS TECHNOLOGIES (Bermuda) LTD. takes out the full calculated possible swing range there will be an estimated 4.35% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $28.20 (0.49%) than the resistance at $29.66 (4.66%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is ChipMOS TECHNOLOGIES (Bermuda) LTD. stock A Buy?
ChipMOS TECHNOLOGIES (Bermuda) LTD. 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.409 Hold/Accumulate Upgraded
Predicted Opening Price for ChipMOS TECHNOLOGIES (Bermuda) LTD. of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $28.20 ( 0.482%) | $28.34 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IMOS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 28.61 | 0.96 % | |
| R2 | 28.46 | 0.412 % | ||
| R1 | 28.36 | 0.0704 % | ||
| Current price: | 28.34 | |||
| Support | S1 | 28.05 | -1.03 % | |
| S2 | 27.95 | -1.38 % | ||
| S3 | 27.79 | -1.93 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 30.76 | 8.54 % | |
| R2 | 29.88 | 5.43 % | ||
| R1 | 29.66 | 4.66 % | ||
| Current price | 28.34 | |||
| Support | S1 | 28.20 | -0.494% | |
| S2 | 28.09 | -0.88% | ||
| S3 | 27.57 | -2.72% |
IMOS Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 30, 2023 | Jun 29, 2023 | Jul 27, 2023 | $1.50 | 6.63% |
| 2 | May 31, 2022 | Jun 29, 2022 | Jul 27, 2022 | $2.92 | 12.22% |
| 3 | Jul 21, 2021 | Aug 06, 2021 | Sep 08, 2021 | $1.57 | 4.03% |
| 4 | Jan 01, 1900 | Jul 01, 2020 | Jan 01, 1900 | $1.21 | 0% |
| 5 | Jun 27, 2019 | Aug 07, 2019 | Aug 08, 2019 | $0.773 | 4.19% |
FAQ
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