Ingredion Incorporated 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
Red day on Tuesday for Ingredion Incorporated
(Updated on Apr 30, 2024)
The Ingredion Incorporated stock price fell by -0.408% on the last day (Tuesday, 30th Apr 2024) from $115.06 to $114.59. During the last trading day the stock fluctuated 0.700% from a day low at $114.36 to a day high of $115.16. The price has risen in 6 of the last 10 days and is up by 2.75% 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 -96 thousand shares and in total, 186 thousand shares were bought and sold for approximately $21.35 million.
The stock lies in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 2.01% during the next 3 months and, with a 90% probability hold a price between $112.77 and $121.36 at the end of this 3-month period.
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INGR Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, April 15, 2024, and so far it has risen 4.05%. 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 Ingredion Incorporated 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 $114.74. On a fall, the stock will find some support from the short-term average at $114.45. 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. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Ingredion Incorporated stock
Ingredion Incorporated finds support from accumulated volume at $110.79 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.800 between high and low, or 0.700%. For the last week the stock has had daily average volatility of 1.25%.
Our recommended stop-loss: $108.71 (-5.13%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 11 days ago.)
Trading Expectations (INGR) For The Upcoming Trading Day Of Wednesday 1st
For the upcoming trading day on Wednesday, 1st we expect Ingredion Incorporated to open at $114.70, and during the day (based on 14 day Average True Range), to move between $113.06 and $116.12, which gives a possible trading interval of +/-$1.53 (+/-1.33%) up or down from last closing price. If Ingredion Incorporated takes out the full calculated possible swing range there will be an estimated 2.67% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $115.86 (1.11%) than the support at $110.79 (3.32%), 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.
Earnings coming up
Ingredion Incorporated will release earnings BMO on Wednesday, May 08, 2024.The consensus among the analysts for the expected earnings (EPS) is $2.08. We will update the financials statements for Ingredion Incorporated, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 5.44% in the first trading day after earnings release.
Is Ingredion Incorporated stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Ingredion Incorporated stock to perform well in the short-term.
Current score: 1.791 Buy Candidate Unchanged
Predicted Opening Price for Ingredion Incorporated of Wednesday, May 1, 2024
Fair opening price May 1, 2024 | Current price |
---|---|
$114.70 ( 0.0989%) | $114.59 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for INGR
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 115.50 | 0.797 % | |
R2 | 115.20 | 0.530 % | ||
R1 | 115.01 | 0.366 % | ||
Current price: | 114.59 | |||
Support | S1 | 114.40 | -0.168 % | |
S2 | 114.21 | -0.333 % | ||
S3 | 113.90 | -0.599 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 117.13 | 2.22 % | |
R2 | 116.33 | 1.52 % | ||
R1 | 115.86 | 1.11 % | ||
Current price | 114.59 | |||
Support | S1 | 110.79 | -3.32% | |
S2 | 110.68 | -3.41% | ||
S3 | 109.71 | -4.26% |
INGR Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 28, 2024 | Mar 28, 2024 | Mar 28, 2024 | $0 | 0% |
2 | Dec 12, 2023 | Dec 29, 2023 | Jan 23, 2024 | $0.780 | 0.715% |
3 | Aug 08, 2023 | Sep 29, 2023 | Oct 24, 2023 | $0.780 | 0.85% |
4 | May 19, 2023 | Jun 30, 2023 | Jul 25, 2023 | $0.710 | 0.647% |
5 | Mar 15, 2023 | Mar 31, 2023 | Apr 25, 2023 | $0.710 | 0.684% |
FAQ
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