ICF International 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
ICF International stock downgraded from Hold/Accumulate to Sell Candidate after Thursday trading session.
(Updated on Apr 25, 2024)
The ICF International stock price fell by -0.655% on the last day (Thursday, 25th Apr 2024) from $141.98 to $141.05. During the last trading day the stock fluctuated 1.38% from a day low at $140.95 to a day high of $142.89. The price has fallen in 6 of the last 10 days and is down by -3.22% for this period. 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 -8 thousand shares and in total, 70 thousand shares were bought and sold for approximately $9.85 million.
The stock is at the lower part of a wide and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $137.85 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect ICF International stock with a 90% probability to be traded between $135.30 and $152.38 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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ICFI Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 2.14%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The ICF International 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 $147.26. On a fall, the stock will find some support from the short-term average at $140.45. 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. 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 ICF International stock
ICF International finds support from accumulated volume at $140.22 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $1.94 (1.38%) between high and low. For the last week, the stock has had daily average volatility of 1.67%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ICFI) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect ICF International to open at $141.63, and during the day (based on 14 day Average True Range), to move between $138.18 and $143.92, which gives a possible trading interval of +/-$2.87 (+/-2.03%) up or down from last closing price. If ICF International takes out the full calculated possible swing range there will be an estimated 4.07% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $140.22 (0.59%) than the resistance at $145.60 (3.23%), 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
ICF International will release earnings BMO on Thursday, May 02, 2024.The consensus among the analysts for the expected earnings (EPS) is $1.44. We will update the financials statements for ICF International, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.68% in the first trading day after earnings release.
Is ICF International stock A Buy?
ICF International 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 Hold/Accumulate to a Sell candidate.
Current score: -2.098 Sell Candidate Downgraded
Predicted Opening Price for ICF International of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $141.63 ( 0.411%) | $141.05 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ICFI
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 143.57 | 1.79 % | |
| R2 | 142.83 | 1.26 % | ||
| R1 | 142.37 | 0.94 % | ||
| Current price: | 141.05 | |||
| Support | S1 | 140.89 | -0.114 % | |
| S2 | 140.43 | -0.439 % | ||
| S3 | 139.69 | -0.96 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 151.79 | 7.61 % | |
| R2 | 150.29 | 6.55 % | ||
| R1 | 145.60 | 3.23 % | ||
| Current price | 141.05 | |||
| Support | S1 | 140.22 | -0.588% | |
| S2 | 139.04 | -1.43% | ||
| S3 | 138.09 | -2.10% |
ICFI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 27, 2024 | Mar 21, 2024 | Apr 12, 2024 | $0.140 | 0.0975% |
| 2 | Nov 02, 2023 | Dec 07, 2023 | Jan 12, 2024 | $0.140 | 0.106% |
| 3 | Aug 03, 2023 | Sep 07, 2023 | Oct 13, 2023 | $0.140 | 0.106% |
| 4 | May 09, 2023 | Jun 08, 2023 | Jul 14, 2023 | $0.140 | 0.117% |
| 5 | Feb 28, 2023 | Mar 23, 2023 | Apr 13, 2023 | $0.140 | 0.125% |
FAQ
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