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AI Analysis of IRIS.BO
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IRIS Business Services Limited stock price down 1.74% on Friday
(Updated on May 17, 2024)

Buy or Hold candidate since Apr 15, 2024 Gain 38.52% PDF

The IRIS Business Services Limited stock price fell by -1.74% on the last day (Friday, 17th May 2024) from ₹181.15 to ₹178.00. During the last trading day the stock fluctuated 4.16% from a day low at ₹178.00 to a day high of ₹185.40. The price has been going up and down for this period, and there has been a 15.96% gain for the last 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 -11 thousand shares and in total, 1 thousand shares were bought and sold for approximately ₹194.20 thousand.

The stock lies in the middle of a very 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 29.98% during the next 3 months and, with a 90% probability hold a price between ₹187.19 and ₹253.17 at the end of this 3-month period.

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IRIS.BO Signals & Forecast

The IRIS Business Services 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 ₹179.61. On a fall, the stock will find some support from the long-term average at approximately ₹144.50. 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 Thursday, May 09, 2024, and so far it has fallen -6.34%. Further fall is indicated until a new bottom pivot has been found. 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 IRIS Business Services Limited stock

IRIS Business Services Limited finds support from accumulated volume at ₹175.90 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 periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved ₹7.40 between high and low, or 4.16%. For the last week the stock has had daily average volatility of 6.54%.

Our recommended stop-loss: ₹168.33 (-5.44%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 6 days ago.)

Trading Expectations (IRIS.BO) For The Upcoming Trading Day Of Tuesday 21st

For the upcoming trading day on Tuesday, 21st we expect IRIS Business Services Limited to open at ₹180.47, and during the day (based on 14 day Average True Range), to move between ₹167.39 and ₹188.61, which gives a possible trading interval of +/-₹10.61 (+/-5.96%) up or down from last closing price. If IRIS Business Services Limited takes out the full calculated possible swing range there will be an estimated 11.93% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at ₹175.90 (1.18%) than the resistance at ₹180.80 (1.57%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Earnings coming up

IRIS Business Services Limited will release earnings BMO on Friday, May 24, 2024. We will update the financials statements for IRIS Business Services Limited, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 0% in the first trading day after earnings release.

Is IRIS Business Services 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 IRIS Business Services Limited stock to perform well in the short-term.

Current score: 1.428 Buy Candidate Unchanged

Predicted Opening Price for IRIS Business Services Limited of Tuesday, May 21, 2024

Fair opening price May 21, 2024 Current price
₹180.47 ( 1.39%) ₹178.00

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

Trading levels for IRIS.BO

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 187.87 5.54 %
R2 185.04 3.95 %
R1 183.29 2.97 %
Current price: 178.00
Support S1 177.64 -0.202 %
S2 175.89 -1.18 %
S3 173.07 -2.77 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 190.05 6.77 %
R2 181.15 1.77 %
R1 180.80 1.57 %
Current price 178.00
Support S1 175.90 -1.18%
S2 159.95 -10.14%
S3 134.30 -24.55%

FAQ

What is the symbol for IRIS Business Services Limited Stock and on which exchange is it traded?
The symbol for IRIS Business Services Limited is IRIS.BO and it is traded on the XBOM (Bombay Stock Exchange).

Should I buy or sell IRIS Business Services Limited Stock?
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 IRIS Business Services Limited stock to perform well in the short-term.

How to buy IRIS Business Services Limited Stock?
IRIS Business Services Limited Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy IRIS Business Services Limited Stock.

What's the current price of IRIS Business Services Limited Stock?
As of the end of day on the May 17, 2024, the price of an IRIS Business Services Limited (IRIS.BO) share was ₹178.00.

What is the 52-week high and low for IRIS Business Services Limited Stock?
The 52-week high for IRIS Business Services Limited Stock is ₹196.80 and the 52-week low is ₹71.26.

What is the market capitalization of IRIS Business Services Limited Stock?
As of the May 17, 2024, the market capitalization of IRIS Business Services Limited is 3.559B.

When is the next earnings date for IRIS Business Services Limited?
The upcoming earnings date for IRIS Business Services Limited is May 24, 2024.
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