IQ-AI Limited 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
A very red day for IQ-AI Limited stock price after a -8.47% fall in the Friday trading session
(Updated on May 03, 2024)
The IQ-AI Limited stock price fell by -8.47% on the last day (Friday, 3rd May 2024) from £1.70 to £1.56. During the last trading day the stock fluctuated 4.76% from a day low at £1.56 to a day high of £1.63. The price has risen in 6 of the last 10 days and is up by 3.73% 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 -3 million shares and in total, 283 thousand shares were bought and sold for approximately £439.65 thousand.
The stockhas broken the very wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is £1.27, a level that may pose a second chance to hit a runner. According to fan-theory £1.85 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
IQAI.L Signals & Forecast
The IQ-AI Limited 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 £1.59. On a fall, the stock will find some support from the long-term average at approximately £1.54. 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. A buy signal was issued from a pivot bottom point on Tuesday, March 26, 2024, and so far it has risen 15.26%. 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. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss for IQ-AI Limited stock
IQ-AI Limited finds support from accumulated volume at £1.55 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved £0.0740 between high and low, or 4.76%. For the last week the stock has had daily average volatility of 15.83%.
Our recommended stop-loss: £1.49 (-4.07%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 26 days ago.)
Trading Expectations (IQAI.L) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect IQ-AI Limited to open at £1.58, and during the day (based on 14 day Average True Range), to move between £1.37 and £1.74, which gives a possible trading interval of +/-£0.183 (+/-11.76%) up or down from last closing price. If IQ-AI Limited takes out the full calculated possible swing range there will be an estimated 23.51% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £1.55 (0.39%) than the resistance at £1.65 (6.04%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is IQ-AI Limited stock A Buy?
IQ-AI Limited 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: -0.750 Hold/Accumulate Downgraded
Predicted Opening Price for IQ-AI Limited of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| £1.58 ( 1.59%) | £1.56 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IQAI.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.65 | 6.34 % | |
| R2 | 1.63 | 4.52 % | ||
| R1 | 1.61 | 3.40 % | ||
| Current price: | 1.56 | |||
| Support | S1 | 1.55 | -0.231 % | |
| S2 | 1.53 | -1.35 % | ||
| S3 | 1.51 | -3.17 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.80 | 15.68 % | |
| R2 | 1.70 | 9.25 % | ||
| R1 | 1.65 | 6.04 % | ||
| Current price | 1.56 | |||
| Support | S1 | 1.55 | -0.386% | |
| S2 | 1.50 | -3.60% | ||
| S3 | 1.35 | -13.24% |
IQAI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 10, 2011 | Apr 06, 2011 | May 05, 2011 | £0.80 | 2.94% |
| 2 | Aug 11, 2010 | Aug 18, 2010 | Sep 24, 2010 | £1.60 | 2.74% |
| 3 | Mar 14, 2008 | Apr 02, 2008 | May 01, 2008 | £3.00 | 2.78% |
| 4 | Jul 27, 2007 | Aug 15, 2007 | Sep 07, 2007 | £3.30 | 1.41% |
| 5 | Jan 23, 2007 | Mar 28, 2007 | Apr 25, 2007 | £6.30 | 2.37% |
FAQ
Click here for our free guide on how to buy IQ-AI Limited Stock.
