ICF International Forecast and Stock Analysis
Technical ICFI stock analysis for March 22, 2019.
ICF International fell by -3.53% in the last day from $75.28 to $72.62 The price has fallen in 6 of the last 10 days and is down by -3.85% for this period. Volume has increased in the last day by 7 445 shares, but on falling prices. This may be an early warning and the risk will be increased slightly for the next couple of days. In total, 124 703 shares bought and sold for approximately $9.06 million.
Close price at the end of the last trading day (Friday, 22nd Mar 2019) of the ICFI stock was $72.62. This is 3.53% less than the trading day before Thursday, 21st Mar 2019.
During day the stock fluctuated 3.63% from a day low at $72.37 to a day high of $75.00.
30 day high of the ICFI stock price was $77.81 and low was $71.95.
90 day high was $77.81 and low was $60.22.
52 week high for the ICF International - $82.25 and low - $56.41.
ICF International lies in the lower part of a wide and strong rising trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trend line at $72.50 will firstly indicate a slower raising rate, but may also be a early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 26.12% during the next 3 months and, with 90% probability hold a price between $91.44 and $101.27 at the end of this period.
There are few to none technical positive signals at the moment. ICF International holds sales signals from both short- and long-term moving averages. On corrections up there will be some resistance from the lines at $75.71 and $73.54. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Thursday March 14, 2019, which indicates further falls until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Relative Strength Index (RSI)
RSI14 is 37 and the stock is currently not being overbought or oversold
Support & Resistance
On the downside, the stock finds support just below today's level from accumulated volume at $65.16 and $64.25.
There is 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, ICF International finds support just below today's level at $65.16. If this is broken, then the next support from accumulated volume will be at $64.25 and $61.97.
This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $2.63 (3.63%) between high and low. For the last week, the stock has had a daily average volatility of 2.20%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
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Evaluation: Sell Candidate
The ICF International stock holds several negative signals and despite the positive trend we believe ICF International will perform weak in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Strong Buy Candidate to a Sell Candidate.