Iveda Solutions, Inc. Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Red day on Thursday for Iveda Solutions, Inc. stock after losing 0.0355%
(Updated on Apr 18, 2024)
The Iveda Solutions, Inc. stock price fell by -0.0355% on the last day (Thursday, 18th Apr 2024) from $0.84 to $0.84. During the last trading day the stock fluctuated 6.90% from a day low at $0.82 to a day high of $0.88. The price has been going up and down for this period, and there has been a 3.85% gain for the last 2 weeks. Volume has increased on the last day by 41 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, 55 thousand shares were bought and sold for approximately $46.12 thousand.
The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.763 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 24.96% during the next 3 months and, with a 90% probability hold a price between $0.95 and $1.54 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 -21.26%. 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. 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 $0.84 and $0.83. 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 $0.83 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 $0.0566 between high and low, or 6.90%. For the last week, the stock has had daily average volatility of 7.39%.
Our recommended stop-loss: $0.80 (-5.14%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 41 days ago.)
Trading Expectations (IVDA) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Iveda Solutions, Inc. to open at $0.85, and during the day (based on 14 day Average True Range), to move between $0.771 and $0.92, which gives a possible trading interval of +/-$0.0730 (+/-8.65%) up or down from last closing price. If Iveda Solutions, Inc. takes out the full calculated possible swing range there will be an estimated 17.29% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.83 (1.97%) than the resistance at $0.99 (17.04%), 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?
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 Iveda Solutions, Inc. stock to perform well in the short-term.
Current score: 2.889 Buy Candidate Unchanged
Predicted Opening Price for Iveda Solutions, Inc. of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $0.85 ( 0.332%) | $0.84 |
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 | 0.90 | 7.04 % | |
| R2 | 0.88 | 4.48 % | ||
| R1 | 0.87 | 2.89 % | ||
| Current price: | 0.84 | |||
| Support | S1 | 0.83 | -2.23 % | |
| S2 | 0.81 | -3.81 % | ||
| S3 | 0.790 | -6.37 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.01 | 19.65 % | |
| R2 | 0.99 | 17.28 % | ||
| R1 | 0.99 | 17.04 % | ||
| Current price | 0.84 | |||
| Support | S1 | 0.83 | -1.97% | |
| S2 | 0.731 | -13.40% | ||
| S3 | 0.719 | -14.82% |
FAQ
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