Iveda Solutions, Inc. Stock Forecast
Iveda Solutions, Inc. stock price up 0.94% on Tuesday
(Updated on Apr 23, 2024)
The Iveda Solutions, Inc. stock price gained 0.94% on the last trading day (Tuesday, 23rd Apr 2024), rising from $0.90 to $0.91. During the last trading day the stock fluctuated 7.03% from a day low at $0.89 to a day high of $0.95. The price has been going up and down for this period, and there has been a 6.88% gain for the last 2 weeks. Volume fell on the last day by -163 thousand shares and in total, 58 thousand shares were bought and sold for approximately $52.83 thousand. 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 very 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 21.84% during the next 3 months and, with a 90% probability hold a price between $0.92 and $1.50 at the end of this 3-month period.
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IVDA Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Tuesday, February 20, 2024, and so far it has fallen -15.25%. 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 during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued. The Iveda Solutions, Inc. 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 $0.86 and $0.82. A breakdown below any of these levels will issue sell signals.
Support, Risk & Stop-loss for Iveda Solutions, Inc. stock
Iveda Solutions, Inc. finds support from accumulated volume at $0.90 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.0624 between high and low, or 7.03%. For the last week the stock has had daily average volatility of 7.94%.
Our recommended stop-loss: $0.86 (-5.20%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 44 days ago.)
Trading Expectations (IVDA) For The Upcoming Trading Day Of Wednesday 24th
For the upcoming trading day on Wednesday, 24th we expect Iveda Solutions, Inc. to open at $0.92, and during the day (based on 14 day Average True Range), to move between $0.83 and $0.98, which gives a possible trading interval of +/-$0.0749 (+/-8.25%) up or down from last closing price. If Iveda Solutions, Inc. takes out the full calculated possible swing range there will be an estimated 16.49% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.90 (0.94%) than the resistance at $0.99 (8.74%), 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 positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.
Current score: 5.361 Strong Buy Candidate Unchanged
Predicted Opening Price for Iveda Solutions, Inc. of Wednesday, April 24, 2024
| Fair opening price April 24, 2024 | Current price |
|---|---|
| $0.92 ( 0.756%) | $0.91 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IVDA
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.98 | 7.62 % | |
| R2 | 0.95 | 5.00 % | ||
| R1 | 0.94 | 3.38 % | ||
| Current price: | 0.91 | |||
| Support | S1 | 0.89 | -1.87 % | |
| S2 | 0.88 | -3.49 % | ||
| S3 | 0.85 | -6.11 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.07 | 18.00 % | |
| R2 | 1.01 | 11.17 % | ||
| R1 | 0.99 | 8.74 % | ||
| Current price | 0.91 | |||
| Support | S1 | 0.90 | -0.94% | |
| S2 | 0.90 | -1.05% | ||
| S3 | 0.719 | -20.86% |
FAQ
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