Innovative Solutions and Support Stock Forecast
Stronger technical forecast for Innovative Solutions and Support stock price after Monday trading.
(Updated on May 06, 2024)
The Innovative Solutions and Support stock price gained 3.04% on the last trading day (Monday, 6th May 2024), rising from $6.25 to $6.44. During the last trading day the stock fluctuated 5.01% from a day low at $6.19 to a day high of $6.50. The price has risen in 6 of the last 10 days and is up by 0.94% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 5 thousand more shares were traded than the day before. In total, 25 thousand shares were bought and sold for approximately $158.50 thousand.
The stock lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -25.41% during the next 3 months and, with a 90% probability hold a price between $4.63 and $5.03 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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ISSC Signals & Forecast
There are mixed signals in the stock today. The Innovative Solutions and Support stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $6.47 and $6.90. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Friday, May 03, 2024, and so far it has risen 3.04%. 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). Innovative Solutions and Support has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk.
Support, Risk & Stop-loss for Innovative Solutions and Support stock
Innovative Solutions and Support finds support from accumulated volume at $6.42 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 $0.310 between high and low, or 5.01%. For the last week, the stock has had daily average volatility of 4.08%.
Our recommended stop-loss: $6.13 (-4.86%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 1 day ago.)
Trading Expectations (ISSC) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect Innovative Solutions and Support to open at $6.38, and during the day (based on 14 day Average True Range), to move between $6.17 and $6.71, which gives a possible trading interval of +/-$0.266 (+/-4.14%) up or down from last closing price. If Innovative Solutions and Support takes out the full calculated possible swing range there will be an estimated 8.27% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $6.42 (0.31%) than the resistance at $7.10 (10.25%), 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
Innovative Solutions and Support will release earnings BMO on Monday, May 13, 2024. We will update the financials statements for Innovative Solutions and Support, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 5.56% in the first trading day after earnings release.
Is Innovative Solutions and Support stock A Buy?
Innovative Solutions and Support 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.246 Hold/Accumulate Upgraded
Predicted Opening Price for Innovative Solutions and Support of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| $6.38 ( 0.98%) | $6.44 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ISSC
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 6.69 | 3.83 % | |
| R2 | 6.57 | 1.99 % | ||
| R1 | 6.50 | 0.86 % | ||
| Current price: | 6.44 | |||
| Support | S1 | 6.26 | -2.82 % | |
| S2 | 6.19 | -3.96 % | ||
| S3 | 6.07 | -5.80 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 7.61 | 18.17 % | |
| R2 | 7.53 | 16.93 % | ||
| R1 | 7.10 | 10.25 % | ||
| Current price | 6.44 | |||
| Support | S1 | 6.42 | -0.311% | |
| S2 | 6.38 | -0.93% | ||
| S3 | 6.25 | -2.95% |
ISSC Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 26, 2022 | Sep 26, 2022 | Sep 26, 2022 | $0.0010 | 0.0110% |
| 2 | Dec 10, 2020 | Dec 18, 2020 | Dec 30, 2020 | $0.500 | 7.71% |
| 3 | Sep 04, 2020 | Sep 14, 2020 | Oct 01, 2020 | $0.650 | 9.29% |
| 4 | Dec 07, 2012 | Dec 28, 2012 | Dec 27, 2012 | $1.50 | 30.30% |
| 5 | Sep 08, 2008 | Sep 16, 2008 | Sep 29, 2008 | $1.00 | 18.52% |
FAQ
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