Image Systems AB Stock Forecast
A very strong day for Image Systems AB stock price on Friday
(Updated on May 03, 2024)
The Image Systems AB stock price gained 5.72% on the last trading day (Friday, 3rd May 2024), rising from kr1.49 to kr1.57. During the last trading day the stock fluctuated 5.72% from a day low at kr1.49 to a day high of kr1.57. The price has been going up and down for this period, and there has been a 8.65% gain for the last 2 weeks. Volume fell on the last day by -46 thousand shares and in total, 61 thousand shares were bought and sold for approximately kr96.53 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a wide and weak 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 6.65% during the next 3 months and, with a 90% probability hold a price between kr1.49 and kr1.73 at the end of this 3-month period.
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IS.ST Signals & Forecast
The Image Systems AB stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at kr1.49 and kr1.45. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, February 21, 2024, and so far it has risen 18.94%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Image Systems AB stock
Image Systems AB finds support from accumulated volume at kr1.50 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 kr0.0850 between high and low, or 5.72%. For the last week the stock has had daily average volatility of 5.99%.
Our recommended stop-loss: kr1.52 (-3.32%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 49 days ago.)
Trading Expectations (IS.ST) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Image Systems AB to open at kr1.54, and during the day (based on 14 day Average True Range), to move between kr1.50 and kr1.64, which gives a possible trading interval of +/-kr0.0719 (+/-4.58%) up or down from last closing price. If Image Systems AB takes out the full calculated possible swing range there will be an estimated 9.15% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ kr1.50, some kr0.0700 (4.46%) from the current price of kr1.57, our system finds the risk reward attractive.
Is Image Systems AB 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 Image Systems AB stock to perform well in the short-term.
Current score: 3.385 Buy Candidate Unchanged
Predicted Opening Price for Image Systems AB of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| kr1.54 ( 1.80%) | kr1.57 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IS.ST
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.63 | 3.61 % | |
| R2 | 1.59 | 1.54 % | ||
| R1 | 1.57 | 0.263 % | ||
| Current price: | 1.57 | |||
| Support | S1 | 1.51 | -3.87 % | |
| S2 | 1.49 | -5.15 % | ||
| S3 | 1.46 | -7.22 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 1.57 | |||
| Support | S1 | 1.50 | -4.46% | |
| S2 | 1.44 | -8.28% | ||
| S3 | 1.34 | -14.65% |
FAQ
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