Big movements in Iveda Solutions, Inc. stock price on Thursday moving 12.78% between high and low
(Updated on Jun 30, 2022)
Sell candidate since 2022-06-30 PDF
The Iveda Solutions, Inc. stock price fell by -8.97% on the last day (Thursday, 30th Jun 2022) from $1.45 to $1.32. and has now fallen 3 days in a row. During the day the stock fluctuated 12.78% from a day low at $1.25 to a day high of $1.41. The price has fallen in 6 of the last 10 days and is down by -7.04% for this period. Volume has increased on the last day by 17 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 29 thousand shares were bought and sold for approximately $37.76 thousand.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Due to the high volatility and the trend direction we are not able to give forecast range for this stock.
Signals & Forecast
There are few to no technical positive signals at the moment. The Iveda Solutions, Inc. 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 $1.32 and $1.40. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, April 01, 2022, and so far it has fallen -64.80%. 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). Iveda Solutions, Inc. gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.16 between high and low, or 12.78%. For the last week, the stock has had a daily average volatility of 12.49%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations For The Upcoming Trading Day Of Friday 1st
For the upcoming trading day on Friday 1st we expect Iveda Solutions, Inc. to open at $1.33, and during day (based on 14 day Average True Range), to move between $1.12 and $1.52, which gives a possible trading interval of +/-$0.20 (+/-15.39%) up or down from last closing price. If Iveda Solutions, Inc. takes out the full calculated possible swing range there will be an estimated 30.78% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $1.31 (0.76%) than the resistance at $1.50 (13.64%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Iveda Solutions, Inc. stock A Buy?
Iveda Solutions, Inc. holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -2.979Sell Candidate Downgraded
Predicted Opening Price for Iveda Solutions, Inc. of Friday, July 1, 2022
The predicted opening price is based on yesterday's movements between high, low, and the closing price.
|Fair opening price July 1, 2022||Current price|
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