Image Systems AB Stock Forecast

Green day on Friday for Image Systems AB stock after gaining 1.34%
(Updated on May 17, 2024)

IS.ST Signals & Forecast

The Image Systems AB 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 kr1.54. On a fall, the stock will find some support from the long-term average at approximately kr1.49. 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 Monday, May 13, 2024, and so far it has fallen -3.81%. Further fall is indicated until a new bottom pivot has been found. 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 kr0.0300 between high and low, or 2.01%. For the last week the stock has had daily average volatility of 2.98%.

Our recommended stop-loss: kr1.45 (-4.50%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 4 days ago.)

Trading Expectations (IS.ST) For The Upcoming Trading Day Of Monday 20th

For the upcoming trading day on Monday, 20th we expect Image Systems AB to open at kr1.51, and during the day (based on 14 day Average True Range), to move between kr1.46 and kr1.57, which gives a possible trading interval of +/-kr0.0593 (+/-3.91%) up or down from last closing price. If Image Systems AB takes out the full calculated possible swing range there will be an estimated 7.83% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at kr1.52 (0.33%) than the support at kr1.50 (0.99%), 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 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: 2.136 Buy Candidate Unchanged

Predicted Opening Price for Image Systems AB of Monday, May 20, 2024

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