icad 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
icad inc. stock price up 1.92% on Thursday
(Updated on Apr 18, 2024)
The icad inc. stock price gained 1.92% on the last trading day (Thursday, 18th Apr 2024), rising from $1.56 to $1.59. During the last trading day the stock fluctuated 8.47% from a day low at $1.48 to a day high of $1.60. The price has fallen in 7 of the last 10 days and is down by -2.45% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 56 thousand more shares were traded than the day before. In total, 143 thousand shares were bought and sold for approximately $227.45 thousand.
The stock has broken the very wide and strong rising short-term trend down. This signalizes a slower rate of rising, but may also be an early warning about a possible trend shift. Due to the trend being broken there will now be resistance at the bottom line of the trend at $1.59. A reaction back to this level may hold a second chance to get out before further falls.
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ICAD Signals & Forecast
There are mixed signals in the stock today. The icad 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 $1.64 and $1.70. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Monday, March 18, 2024, and so far it has risen 6.71%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). icad inc. has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk.
Support, Risk & Stop-loss for icad inc. stock
On the downside, the stock finds support just below today's level from accumulated volume at $1.49 and $1.40. 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, icad inc. finds support just below today's level at $1.49. If this is broken, then the next support from accumulated volume will be at $1.40 and $1.35.
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 $0.125 between high and low, or 8.47%. For the last week, the stock has had daily average volatility of 6.90%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ICAD) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect icad inc. to open at $1.56, and during the day (based on 14 day Average True Range), to move between $1.44 and $1.74, which gives a possible trading interval of +/-$0.146 (+/-9.16%) up or down from last closing price. If icad inc. takes out the full calculated possible swing range there will be an estimated 18.32% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $1.49 (6.29%) than the resistance at $1.76 (10.69%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is icad inc. stock A Buy?
icad inc. 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.
Current score: -1.461 Sell Candidate Unchanged
Predicted Opening Price for icad inc. of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $1.56 ( 2.20%) | $1.59 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ICAD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.68 | 5.66 % | |
| R2 | 1.63 | 2.66 % | ||
| R1 | 1.60 | 0.80 % | ||
| Current price: | 1.59 | |||
| Support | S1 | 1.51 | -5.20 % | |
| S2 | 1.48 | -7.06 % | ||
| S3 | 1.43 | -10.06 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.96 | 23.27 % | |
| R2 | 1.80 | 13.21 % | ||
| R1 | 1.76 | 10.69 % | ||
| Current price | 1.59 | |||
| Support | S1 | 1.49 | -6.29% | |
| S2 | 1.40 | -11.95% | ||
| S3 | 1.35 | -15.09% |
FAQ
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