IDE.L Forecast and Technical Stock Analysis
Buy candidate since 2019-07-30 Gain 84.21%
ING Infrastructure Indu and Materials Fd gained 29.63% in the last trading day ( Thursday, 22nd Aug 2019 ), rising from £0.04 to £0.05 During the day the stock fluctuated 39.02% from a day low at £0.04 to a day high of £0.06. The price has risen in 5 of the last 10 days and is up by 81.03% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 0.75 million more shares were traded than the day before. In total, 2.61 million shares bought and sold for approximately £137 058.00.
- 30 day high of the IDE.L stock price was £0.06 and low was £0.01.
- 90 day high was £0.06 and low was £0.01.
- 52 week high for ING Infrastructure Indu and Materials Fd - £3.65 and low - £0.01.
ING Infrastructure Indu and Materials Fd has broken the very wide and strong rising the short-term trend up and an even stronger rising rate is indicated. For any reaction back there will now be support on the roof on the current trend broken at £0.04, a level that may pose a second chance to hit a runner. According to fan-theory £0.07 will be the next possible trend-top level and thereby pose a resistance level which may not be broken at the first attempt.
Only positive signals in the chart today. ING Infrastructure Indu and Materials Fd holds buy signals from both short- and long-term moving averages. In addition, 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 £0.04 and £0.02. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday August 21, 2019, which indicates further gains until a new top pivot has been found. ING Infrastructure Indu and Materials Fd has rising 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.
* Golden Star Signal* is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Relative Strength Index (RSI)
RSImin/max Values: [ 15 - 85 ]
RSI14 is 83 and the stock is currently not being overbought or oversold
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.
Support & Resistance
On the downside, the stock finds support just below today's level from accumulated volume at £0.04 and £0.04.
With no support from accumulated volume below today's level the risk is increased, as a drop below the support at £0.00 may give a huge drop in the stock price.
This stock may move much during a day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved £0.02 between high and low, or 39.02%. For the last week, the stock has had a daily average volatility of 30.58%.
Our recommended stop-loss: £0.05 (-5.23%) (This stock has very high daily movements and this gives very high risk. There is a buy signal from pivot bottom found 1 days ago.)
30.58 %Average volatility
Very Low Low Medium High Very High
Several short-term signals are positive and the stock has broke the rising trend up, which indicates an even stronger rising rate. We conclude that the current level may hold a buying opportunity as there is a fair chance for this stock to perform well in the short-term period. We have upgraded our recommendation for this stock since last evaluation from a Buy Candidate to a Strong Buy Candidate.
Golden Star Signal
This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star.
This signal is rare and, in most cases, gives substantial returns. From 8.000 stocks usually only a few will trigger a Golden Star Signal per day!