Indiva Limited Stock Forecast
Green day on Thursday for Indiva Limited stock after gaining 1.21%
(Updated on May 16, 2024)
The Indiva Limited stock price gained 1.21% on the last trading day (Thursday, 16th May 2024), rising from $0.0456 to $0.0462. During the last trading day the stock fluctuated 0% from a day low at $0.0462 to a day high of $0.0462. The price has risen in 6 of the last 10 days and is up by 1.41% over the past 2 weeks. Volume fell on the last day by -11 thousand shares and in total, 110 shares were bought and sold for approximately $5.08 . 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 the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $0.0495 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -34.09% during the next 3 months and, with a 90% probability hold a price between $0.0146 and $0.0326 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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NDVAF Signals & Forecast
There are few to no technical positive signals at the moment. The Indiva Limited 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 $0.0464 and $0.0465. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, May 08, 2024, and so far it has fallen -11.25%. 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.
Support, Risk & Stop-loss for Indiva Limited stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.0435 and $0.0432. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Indiva Limited finds support just below today's level at $0.0435. If this is broken, then the next support from accumulated volume will be at $0.0432 and $0.0428.
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 between high and low, or 0%. For the last week the stock has had daily average volatility of 4.22%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (NDVAF) For The Upcoming Trading Day Of Friday 17th
For the upcoming trading day on Friday, 17th we expect Indiva Limited to open at $0.0462, and during the day (based on 14 day Average True Range), to move between $0.0417 and $0.0506, which gives a possible trading interval of +/-$0.0045 (+/-9.66%) up or down from last closing price. If Indiva Limited takes out the full calculated possible swing range there will be an estimated 19.31% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0435 (5.74%) than the resistance at $0.0500 (8.34%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Indiva Limited will release earnings BMO on Thursday, May 23, 2024. We will update the financials statements for Indiva Limited, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 11.30% in the first trading day after earnings release.
Is Indiva Limited stock A Buy?
Indiva Limited 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.
Current score: -3.524 Sell Candidate Unchanged
Predicted Opening Price for Indiva Limited of Friday, May 17, 2024
| Fair opening price May 17, 2024 | Current price |
|---|---|
| $0.0462 ( 0%) | $0.0462 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NDVAF
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0462 | . | |
| R2 | 0.0462 | . | ||
| R1 | 0.0462 | . | ||
| Current price: | 0.0462 | |||
| Support | S1 | 0.0462 | . | |
| S2 | 0.0462 | . | ||
| S3 | 0.0462 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0518 | 12.24 % | |
| R2 | 0.0509 | 10.18 % | ||
| R1 | 0.0500 | 8.34 % | ||
| Current price | 0.0462 | |||
| Support | S1 | 0.0435 | -5.74% | |
| S2 | 0.0432 | -6.39% | ||
| S3 | 0.0428 | -7.26% |
FAQ
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