Investcorp India Acquisition Corp Stock Forecast

Stronger technical forecast for Investcorp India Acquisition Corp stock price after Friday trading.
(Updated on Jun 28, 2024)

IVCA Signals & Forecast

The Investcorp India Acquisition Corp 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 $11.34 and $11.30. A breakdown below any of these levels will issue sell signals. 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 Thursday, June 13, 2024, and so far it has fallen -0.176%. 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). Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Investcorp India Acquisition Corp stock

Investcorp India Acquisition Corp finds support from accumulated volume at $11.34 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 0.0177%

Our recommended stop-loss: $10.91 (-3.84%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 36 days ago.)

Trading Expectations (IVCA) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Investcorp India Acquisition Corp to open at $11.35, and during the day (based on 14 day Average True Range), to move between $11.32 and $11.38, which gives a possible trading interval of +/-$0.0321 (+/-0.28%) up or down from last closing price. If Investcorp India Acquisition Corp takes out the full calculated possible swing range there will be an estimated 0.57% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $11.34 (0.13%) than the resistance at $11.37 (0.18%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Investcorp India Acquisition Corp stock A Buy?

Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Investcorp India Acquisition Corp stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 1.271 Buy Candidate Upgraded

Predicted Opening Price for Investcorp India Acquisition Corp of Monday, July 1, 2024

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