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 upgraded from Sell Candidate to Buy Candidate after Thursday trading session.
(Updated on May 30, 2024)
The INDUS Holding AG stock price gained 3.23% on the last trading day (Thursday, 30th May 2024), rising from 26.30€ to 27.15€. During the last trading day the stock fluctuated 3.23% from a day low at 26.35€ to a day high of 27.20€. The price has fallen in 6 of the last 10 days and is down by -3.21% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 2 thousand more shares were traded than the day before. In total, 15 thousand shares were bought and sold for approximately 417.00€ thousand.
The stock lies in the middle of a wide and strong 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 16.29% during the next 3 months and, with a 90% probability hold a price between 29.78€ and 34.26€ at the end of this 3-month period.
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INH.F Signals & Forecast
The INDUS Holding AG stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at 26.95€ and 26.54€. A breakdown below any of these levels will issue sell signals. INDUS Holding AG 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. A sell signal was issued from a pivot top point on Wednesday, May 15, 2024, and so far it has fallen -5.40%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for INDUS Holding AG stock
INDUS Holding AG finds support from accumulated volume at 26.60€ 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 and with good trading volume, the risk is considered to be medium. During the last day, the stock moved 0.85€ between high and low, or 3.23%. For the last week, the stock has had daily average volatility of 2.83%.
Our recommended stop-loss: 25.77€ (-5.08%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 30 days ago.)
Trading Expectations (INH.F) For The Upcoming Trading Day Of Friday 31st
For the upcoming trading day on Friday, 31st we expect INDUS Holding AG to open at 26.90€, and during the day (based on 14 day Average True Range), to move between 26.38€ and 27.92€, which gives a possible trading interval of +/-0.766€ (+/-2.82%) up or down from last closing price. If INDUS Holding AG takes out the full calculated possible swing range there will be an estimated 5.64% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 27.20€ (0.18%) than the support at 26.60€ (2.03%), 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 INDUS Holding AG 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 INDUS Holding AG stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 2.300 Buy Candidate Upgraded
Predicted Opening Price for INDUS Holding AG of Friday, May 31, 2024
| Fair opening price May 31, 2024 | Current price |
|---|---|
| 26.90€ ( 0.92%) | 27.15€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for INH.F
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 27.75 | 2.21 % | |
| R2 | 27.43 | 1.01 % | ||
| R1 | 27.22 | 0.275 % | ||
| Current price: | 27.15 | |||
| Support | S1 | 26.58 | -2.12 % | |
| S2 | 26.37 | -2.86 % | ||
| S3 | 26.05 | -4.05 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 28.70 | 5.71 % | |
| R2 | 27.70 | 2.03 % | ||
| R1 | 27.20 | 0.184 % | ||
| Current price | 27.15 | |||
| Support | S1 | 26.60 | -2.03% | |
| S2 | 26.55 | -2.21% | ||
| S3 | 22.40 | -17.50% |
INH Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 23, 2024 | May 23, 2024 | May 23, 2024 | 0€ | 0% |
| 2 | May 18, 2023 | May 18, 2023 | May 18, 2023 | 0.80€ | 0% |
| 3 | Jun 01, 2022 | Jun 01, 2022 | Jun 01, 2022 | 1.05€ | 0% |
| 4 | May 27, 2021 | May 27, 2021 | May 27, 2021 | 0.80€ | 0% |
| 5 | Aug 21, 2020 | Aug 21, 2020 | Aug 21, 2020 | 0.80€ | 0% |
FAQ
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