Interface 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
Weaker technical forecast for Interface as stock downgraded to Sell Candidate.
(Updated on Apr 24, 2024)
The Interface stock price fell by -1.80% on the last day (Wednesday, 24th Apr 2024) from $16.15 to $15.86. During the last trading day the stock fluctuated 4.07% from a day low at $15.73 to a day high of $16.37. The price has been going up and down for this period, and there has been a 1.41% gain for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -31 thousand shares and in total, 507 thousand shares were bought and sold for approximately $8.05 million.
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 $15.09 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 27.94% during the next 3 months and, with a 90% probability hold a price between $19.30 and $24.89 at the end of this 3-month period.
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TILE Signals & Forecast
There are mixed signals in the stock today. The Interface stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $16.00. On a fall, the stock will find some support from the short-term average at $15.28. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Thursday, March 21, 2024, and so far it has fallen -11.30%. 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 together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Interface stock
Interface finds support from accumulated volume at $15.14 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 $0.640 between high and low, or 4.07%. For the last week, the stock has had daily average volatility of 3.91%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (TILE) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Interface to open at $15.99, and during the day (based on 14 day Average True Range), to move between $15.28 and $16.44, which gives a possible trading interval of +/-$0.580 (+/-3.66%) up or down from last closing price. If Interface takes out the full calculated possible swing range there will be an estimated 7.32% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $15.14 (4.54%) than the resistance at $16.60 (4.67%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Interface stock A Buy?
Interface holds several negative signals and we believe that 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 Buy to a Sell candidate.
Current score: -4.222 Sell Candidate Downgraded
Predicted Opening Price for Interface of Thursday, April 25, 2024
Fair opening price April 25, 2024 | Current price |
---|---|
$15.99 ( 0.799%) | $15.86 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TILE
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 16.63 | 4.83 % | |
R2 | 16.38 | 3.29 % | ||
R1 | 16.23 | 2.34 % | ||
Current price: | 15.86 | |||
Support | S1 | 15.74 | -0.743 % | |
S2 | 15.59 | -1.70 % | ||
S3 | 15.35 | -3.24 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 17.88 | 12.74 % | |
R2 | 16.82 | 6.05 % | ||
R1 | 16.60 | 4.67 % | ||
Current price | 15.86 | |||
Support | S1 | 15.14 | -4.54% | |
S2 | 15.13 | -4.60% | ||
S3 | 14.88 | -6.18% |
TILE Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 12, 2024 | Mar 27, 2024 | Apr 12, 2024 | $0.0100 | 0.0648% |
2 | Nov 14, 2023 | Nov 30, 2023 | Dec 15, 2023 | $0.0100 | 0.0812% |
3 | Aug 15, 2023 | Aug 31, 2023 | Sep 15, 2023 | $0.0100 | 0.103% |
4 | May 16, 2023 | Jun 01, 2023 | Jun 16, 2023 | $0.0100 | 0.119% |
5 | Mar 14, 2023 | Mar 30, 2023 | Apr 14, 2023 | $0.0100 | 0.129% |
FAQ
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