Intermediate Capital Group 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
Red day on Thursday for Intermediate Capital Group stock after losing 0%
(Updated on Apr 18, 2024)
No changes to the price of Intermediate Capital Group stock on the last trading day (Thursday, 18th Apr 2024). During the last trading day the stock fluctuated 0% from a day low at £2,124.00 to a day high of £2,124.00. The price has been going up and down for this period, and there has been a 1.63% gain for the last 2 weeks.
The stock lies in the lower part of a strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at £2,105.09 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 27.16% during the next 3 months and, with a 90% probability hold a price between £2,676.78 and £2,871.78 at the end of this 3-month period.
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ICP.L Signals & Forecast
The Intermediate Capital Group stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at £2,116.86 and £2,033.09. A breakdown below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, April 17, 2024, and so far it has fallen 0%. 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 on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Intermediate Capital Group stock
On the downside, the stock finds support just below today's level from accumulated volume at £1,999.50 and £1,753.00. 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, Intermediate Capital Group finds support just below today's level at £1,999.50. If this is broken, then the next support from accumulated volume will be at £1,753.00 and £1,614.00.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock 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 0.490%
Our recommended stop-loss: £2,047.54 (-3.60%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (ICP.L) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Intermediate Capital Group to open at £2,124.00, and during the day (based on 14 day Average True Range), to move between £2,094.05 and £2,153.95, which gives a possible trading interval of +/-£29.95 (+/-1.41%) up or down from last closing price. If Intermediate Capital Group takes out the full calculated possible swing range there will be an estimated 2.82% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ £1,999.50, some £124.50 (5.86%) from the current price of £2,124.00, our system finds the risk reward attractive.
Is Intermediate Capital Group stock A Buy?
Intermediate Capital Group holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Intermediate Capital Group of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| £2,124.00 ( 0%) | £2,124.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ICP.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,124.00 | . | |
| R2 | 2,124.00 | . | ||
| R1 | 2,124.00 | . | ||
| Current price: | 2,124.00 | |||
| Support | S1 | 2,124.00 | . | |
| S2 | 2,124.00 | . | ||
| S3 | 2,124.00 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 2,124.00 | |||
| Support | S1 | 1,999.50 | -5.86% | |
| S2 | 1,753.00 | -17.47% | ||
| S3 | 1,614.00 | -24.01% |
ICP Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 07, 2023 | Dec 07, 2023 | Dec 07, 2023 | £0 | 0% |
| 2 | Jun 15, 2023 | Jun 15, 2023 | Jun 15, 2023 | £52.20 | 3.70% |
| 3 | Nov 17, 2022 | Dec 08, 2022 | Jan 09, 2023 | £25.30 | 2.02% |
| 4 | May 26, 2022 | Jun 16, 2022 | Aug 05, 2022 | £57.30 | 3.87% |
| 5 | Nov 16, 2021 | Dec 09, 2021 | Jan 10, 2022 | £18.70 | 0.91% |
FAQ
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