INDUS Holding AG 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
INDUS Holding AG stock price down 0.208% on Tuesday
(Updated on Jul 02, 2024)
The INDUS Holding AG stock price fell by -0.208% on the last day (Tuesday, 2nd Jul 2024) from 24.00€ to 23.95€. It has now fallen 7 days in a row. During the last trading day the stock fluctuated 1.90% from a day low at 23.70€ to a day high of 24.15€. The price has fallen in 8 of the last 10 days and is down by -3.04% for this period. Volume has increased on the last day by 1 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 10 thousand shares were bought and sold for approximately 235.24€ thousand.
The stock has broken the wide and falling short-term trend down. Firstly a stronger fallrate is indicated, but false breaks and "sell-off" may occur. However, a further fall is realistic and any reactions back to the breaking point (24.00€) are considered to be a "second chance" to get out. According to the fan-theory 20.04€ will represent the new bottom line of the next trend, but it is far too early to say this for certain.
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INH.DE 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 INDUS Holding AG 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 24.36€ and 26.04€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, May 15, 2024, and so far it has fallen -16.55%. Further fall is indicated until a new bottom pivot has been found. INDUS Holding AG gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
Support, Risk & Stop-loss for INDUS Holding AG stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved 0.450€ between high and low, or 1.90%. For the last week, the stock has had daily average volatility of 2.13%.
INDUS Holding AG is oversold on RSI14 (24). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (INH.DE) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect INDUS Holding AG to open at 23.93€, and during the day (based on 14 day Average True Range), to move between 23.33€ and 24.57€, which gives a possible trading interval of +/-0.624€ (+/-2.61%) up or down from last closing price. If INDUS Holding AG takes out the full calculated possible swing range there will be an estimated 5.21% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ 25.50€, some 1.55€ (6.47%) from the current price of 23.95€, our system finds the risk reward not very attractive.
Is INDUS Holding AG stock A Buy?
INDUS Holding AG holds several negative signals and is within a 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: -4.325 Sell Candidate Unchanged
Predicted Opening Price for INDUS Holding AG of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| 23.93€ ( 0.0696%) | 23.95€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for INH.DE
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 24.38 | 1.81% |
| R2 | 24.21 | 1.09% |
| R1 | 24.11 | 0.648% |
| Price | 23.95 | |
| S1 | 23.76 | -0.787% |
| S2 | 23.66 | -1.23% |
| S3 | 23.48 | -1.95% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 28.70 | 19.83% |
| R2 | 26.60 | 11.06% |
| R1 | 25.50 | 6.47% |
| Price | 23.95 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
INH Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 23, 2024 | May 23, 2024 | May 27, 2024 | 1.20€ | 4.41% |
| 2 | May 18, 2023 | May 18, 2023 | May 18, 2023 | 0.80€ | 3.05% |
| 3 | Jun 01, 2022 | Jun 01, 2022 | Jun 01, 2022 | 1.05€ | 3.81% |
| 4 | May 27, 2021 | May 27, 2021 | May 27, 2021 | 0.80€ | 2.37% |
| 5 | Aug 21, 2020 | Aug 21, 2020 | Aug 21, 2020 | 0.80€ | 2.76% |
FAQ
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