Investar Holding Corporation Stock Forecast

Investar Holding Corporation stock upgraded from Sell Candidate to Hold/Accumulate after Tuesday trading session.
(Updated on May 07, 2024)

ISTR Signals & Forecast

The Investar Holding Corporation 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 $16.46. On a fall, the stock will find some support from the long-term average at approximately $16.10. 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). Investar Holding Corporation 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. 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 -1.92%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for Investar Holding Corporation stock

Investar Holding Corporation finds support from accumulated volume at $16.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.157 (0.96%) between high and low. For the last week, the stock has had daily average volatility of 1.37%.

Our recommended stop-loss: $15.69 (-4.12%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 5 days ago.)

Trading Expectations (ISTR) For The Upcoming Trading Day Of Wednesday 8th

For the upcoming trading day on Wednesday, 8th we expect Investar Holding Corporation to open at $16.40, and during the day (based on 14 day Average True Range), to move between $16.06 and $16.66, which gives a possible trading interval of +/-$0.296 (+/-1.81%) up or down from last closing price. If Investar Holding Corporation takes out the full calculated possible swing range there will be an estimated 3.61% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $16.68 (1.96%) than the support at $16.00 (2.20%), 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 Investar Holding Corporation stock A Buy?

Investar Holding Corporation 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: -0.938 Hold/Accumulate Upgraded

Predicted Opening Price for Investar Holding Corporation of Wednesday, May 8, 2024

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