Integrated Research Limited Stock Forecast

Red day on Friday for Integrated Research Limited
(Updated on May 03, 2024)

IRI.AX Signals & Forecast

The Integrated Research 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 $0.409. On a fall, the stock will find some support from the long-term average at approximately $0.382. 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). 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 Tuesday, April 30, 2024, and so far it has fallen -6.98%. Further fall is indicated until a new bottom pivot has been found. Integrated Research Limited 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". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Integrated Research Limited stock

Integrated Research Limited finds support from accumulated volume at $0.385 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 $0.0200 between high and low, or 5.00%. For the last week, the stock has had daily average volatility of 5.13%.

Our recommended stop-loss: $0.380 (-4.94%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 3 days ago.)

Trading Expectations (IRI.AX) For The Upcoming Trading Day Of Monday 6th

For the upcoming trading day on Monday, 6th we expect Integrated Research Limited to open at $0.407, and during the day (based on 14 day Average True Range), to move between $0.382 and $0.418, which gives a possible trading interval of +/-$0.0179 (+/-4.47%) up or down from last closing price. If Integrated Research Limited takes out the full calculated possible swing range there will be an estimated 8.94% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.410 (2.50%) than the support at $0.385 (3.75%), 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 Integrated Research Limited 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 Integrated Research Limited stock to perform well in the short-term.

Current score: 1.065 Buy Candidate Unchanged

Predicted Opening Price for Integrated Research Limited of Monday, May 6, 2024

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