RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of ITRI
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Itron stock price up 2.43% on Wednesday
(Updated on Mar 27, 2024)

Buy or Hold candidate since Feb 14, 2024 Gain 20.88% PDF

The Itron stock price gained 2.43% on the last trading day (Wednesday, 27th Mar 2024), rising from $89.37 to $91.54. During the last trading day the stock fluctuated 1.83% from a day low at $90.09 to a day high of $91.74. The price has been going up and down for this period, and there has been a 2.65% gain for the last 2 weeks. Volume fell on the last day by -979 shares and in total, 287 thousand shares were bought and sold for approximately $26.29 million. 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 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 31.42% during the next 3 months and, with a 90% probability hold a price between $110.48 and $133.27 at the end of this 3-month period.

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ITRI Signals & Forecast

There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Thursday, March 07, 2024, and so far it has fallen -4.50%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The Itron 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 $89.37 and $85.69. A breakdown below any of these levels will issue sell signals. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.

Support, Risk & Stop-loss for Itron stock

Itron finds support from accumulated volume at $91.52 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 $1.65 between high and low, or 1.83%. For the last week, the stock has had daily average volatility of 1.60%.

Our recommended stop-loss: $87.59 (-4.32%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 14 days ago.)

Trading Expectations (ITRI) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Itron to open at $91.12, and during the day (based on 14 day Average True Range), to move between $89.09 and $93.99, which gives a possible trading interval of +/-$2.45 (+/-2.67%) up or down from last closing price. If Itron takes out the full calculated possible swing range there will be an estimated 5.35% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $91.52 (0.02%) than the resistance at $92.68 (1.25%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Itron 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 Itron stock to perform well in the short-term.

Current score: 3.750 Buy Candidate Unchanged

Predicted Opening Price for Itron of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$91.12 ( 0.455%) $91.54

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

Trading levels for ITRI

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 92.77 1.35 %
R2 92.14 0.659 %
R1 91.75 0.233 %
Current price: 91.54
Support S1 90.49 -1.14 %
S2 90.10 -1.57 %
S3 89.47 -2.26 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 94.15 2.85 %
R2 92.73 1.30 %
R1 92.68 1.25 %
Current price 91.54
Support S1 91.52 -0.0218%
S2 91.46 -0.0874%
S3 91.03 -0.557%

FAQ

What is the symbol for Itron Stock and on which exchange is it traded?
The symbol for Itron is ITRI and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Itron 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 Itron stock to perform well in the short-term.

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

What's the current price of Itron Stock?
As of the end of day on the 2024-03-27, the price of an Itron (ITRI) share was $91.54.

What is the 52-week high and low for Itron Stock?
The 52-week high for Itron Stock is $96.73 and the 52-week low is $50.60.

What is the market capitalization of Itron Stock?
As of the 2024-03-27, the market capitalization of Itron is 4.172B.

When is the next earnings date for Itron?
The upcoming earnings date for Itron is May 02, 2024.
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About Itron

Itron, Inc., a technology and service company, provides end-to-end solutions that help manage operations in the energy, water, and smart city space worldwide. The company operates through three segments: Device Solutions, Networked Solutions, and Outcomes. The Device Solutions segment offers hardware products that are used for measurement, control, or sensing. The Networked Solutions segment provides a combination of communicating devices, such a... ITRI Profile

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