Innovative Payment Solutions, Inc. 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
Big movements in Innovative Payment Solutions, Inc. stock price on Wednesday moving 13.16% between high and low
(Updated on May 22, 2024)
No changes to the price of Innovative Payment Solutions, Inc. stock on the last trading day (Wednesday, 22nd May 2024). During the last trading day the stock fluctuated 13.16% from a day low at $0.190 to a day high of $0.215. The price has fallen in 5 of the last 10 days but is still up by 5.56% over the past 2 weeks.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -12.35% during the next 3 months and, with a 90% probability hold a price between $0.0829 and $0.188 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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IPSI Signals & Forecast
The Innovative Payment Solutions, Inc. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $0.194. On a fall, the stock will find some support from the long-term average at approximately $0.164. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". The very low volume increases the risk and reduces the other technical signals issued. 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 Monday, May 20, 2024, and so far it has fallen -11.63%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Innovative Payment Solutions, Inc. stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.175 and $0.155. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Innovative Payment Solutions, Inc. finds support just below today's level at $0.175. If this is broken, then the next support from accumulated volume will be at $0.155 and $0.146.
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 $0.0250 between high and low, or 13.16%. For the last week, the stock has had daily average volatility of 9.00%.
Our recommended stop-loss: $0.179 (-5.80%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 40 days ago.)
Trading Expectations (IPSI) For The Upcoming Trading Day Of Thursday 23rd
For the upcoming trading day on Thursday, 23rd we expect Innovative Payment Solutions, Inc. to open at $0.198, and during the day (based on 14 day Average True Range), to move between $0.170 and $0.210, which gives a possible trading interval of +/-$0.0202 (+/-10.61%) up or down from last closing price. If Innovative Payment Solutions, Inc. takes out the full calculated possible swing range there will be an estimated 21.23% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.196 (3.37%) than the support at $0.175 (8.08%), 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 Innovative Payment Solutions, Inc. stock A Buy?
Innovative Payment Solutions, Inc. 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: -0.860 Hold/Accumulate Downgraded
Predicted Opening Price for Innovative Payment Solutions, Inc. of Thursday, May 23, 2024
| Fair opening price May 23, 2024 | Current price |
|---|---|
| $0.198 ( 4.39%) | $0.190 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IPSI
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.223 | 17.54 % | |
| R2 | 0.214 | 12.52 % | ||
| R1 | 0.208 | 9.41 % | ||
| Current price: | 0.190 | |||
| Support | S1 | 0.189 | -0.640 % | |
| S2 | 0.183 | -3.75 % | ||
| S3 | 0.173 | -8.77 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.220 | 15.79 % | |
| R2 | 0.214 | 12.63 % | ||
| R1 | 0.196 | 3.37 % | ||
| Current price | 0.190 | |||
| Support | S1 | 0.175 | -8.08% | |
| S2 | 0.155 | -18.43% | ||
| S3 | 0.146 | -23.16% |
FAQ
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