Incitec Pivot Ltd Adr 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
Incitec Pivot Ltd Adr stock downgraded from Buy Candidate to Hold/Accumulate after Friday trading session.
(Updated on May 03, 2024)
The Incitec Pivot Ltd Adr stock price fell by -1.66% on the last day (Friday, 3rd May 2024) from $1.81 to $1.78. During the last trading day the stock fluctuated 7.95% from a day low at $1.76 to a day high of $1.90. The price has fallen in 5 of the last 10 days but is still up by 2.3% 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 -108 thousand shares and in total, 23 thousand shares were bought and sold for approximately $40.32 thousand.
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 Incitec Pivot Ltd Adr stock with a 90% probability to be traded between $1.64 and $2.00 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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INCZY Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, April 26, 2024, and so far it has risen 8.01%. 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 Incitec Pivot Ltd Adr 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 $1.78. On a fall, the stock will find some support from the short-term average at $1.75. 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. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Incitec Pivot Ltd Adr stock
Incitec Pivot Ltd Adr finds support from accumulated volume at $1.74 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 $0.140 between high and low, or 7.95%. For the last week the stock has had daily average volatility of 3.44%.
Our recommended stop-loss: $1.71 (-4.08%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 5 days ago.)
Trading Expectations (INCZY) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Incitec Pivot Ltd Adr to open at $1.81, and during the day (based on 14 day Average True Range), to move between $1.65 and $1.91, which gives a possible trading interval of +/-$0.130 (+/-7.32%) up or down from last closing price. If Incitec Pivot Ltd Adr takes out the full calculated possible swing range there will be an estimated 14.65% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $1.81 (1.69%) than the support at $1.74 (2.25%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Incitec Pivot Ltd Adr stock A Buy?
Incitec Pivot Ltd Adr 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: -0.634 Hold/Accumulate Downgraded
Predicted Opening Price for Incitec Pivot Ltd Adr of Monday, May 6, 2024
Fair opening price May 6, 2024 | Current price |
---|---|
$1.81 ( 1.87%) | $1.78 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for INCZY
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 1.95 | 9.74 % | |
R2 | 1.90 | 6.73 % | ||
R1 | 1.87 | 4.88 % | ||
Current price: | 1.78 | |||
Support | S1 | 1.76 | -1.13 % | |
S2 | 1.73 | -2.99 % | ||
S3 | 1.67 | -5.99 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 1.84 | 3.48 % | |
R2 | 1.84 | 3.37 % | ||
R1 | 1.81 | 1.69 % | ||
Current price | 1.78 | |||
Support | S1 | 1.74 | -2.25% | |
S2 | 1.73 | -2.81% | ||
S3 | 1.66 | -6.74% |
INCZY Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jan 27, 2024 | Feb 06, 2024 | Feb 20, 2024 | $0.0590 | 3.47% |
2 | Dec 01, 2023 | Dec 01, 2023 | Dec 29, 2023 | $0.0288 | 1.62% |
3 | Jun 09, 2023 | Jun 14, 2023 | Jul 14, 2023 | $0.0660 | 3.44% |
4 | Dec 01, 2022 | Dec 02, 2022 | Jan 03, 2023 | $0.115 | 4.56% |
5 | Jun 01, 2022 | Jun 03, 2022 | Jul 15, 2022 | $0.0720 | 3.36% |
FAQ
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