Identiv Stock Forecast

Identiv stock price up 4.54% on Friday
(Updated on Apr 19, 2024)

INVE Signals & Forecast

A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 4.75%. Further rise is indicated until a new top pivot has been found. Identiv 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. The Identiv 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 $6.98. On a fall, the stock will find some support from the short-term average at $4.99. 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).

Support, Risk & Stop-loss for Identiv stock

Identiv finds support from accumulated volume at $5.02 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.380 between high and low, or 8.00%. For the last week, the stock has had daily average volatility of 4.44%.

Identiv is oversold on RSI14 (11). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (INVE) For The Upcoming Trading Day Of Monday 22nd

For the upcoming trading day on Monday, 22nd we expect Identiv to open at $4.98, and during the day (based on 14 day Average True Range), to move between $4.67 and $5.47, which gives a possible trading interval of +/-$0.397 (+/-7.83%) up or down from last closing price. If Identiv takes out the full calculated possible swing range there will be an estimated 15.65% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $5.02 (0.99%) than the resistance at $5.17 (1.97%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Identiv stock A Buy?

Identiv holds several negative signals and we believe that 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 Identiv of Monday, April 22, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.