Immunodiagnostic Systems Holdings plc Stock Forecast

Red day on Wednesday for Immunodiagnostic Systems Holdings plc stock after losing 2.13%
(Updated on Sep 02, 2020)

IDH.L Signals & Forecast

The Immunodiagnostic Systems Holdings plc stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately £2.32. On a fall, the stock will find some support from the long-term average at approximately £2.28. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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. A sell signal was issued from a pivot top point on Tuesday, November 30, -1. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Immunodiagnostic Systems Holdings plc stock

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

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 £0.140 between high and low, or 6.36%. For the last week the stock has had daily average volatility of 4.83%

Our recommended stop-loss: £0.120 (-5.00%) (Unable to calculate.)

Trading Expectations (IDH.L) For The Upcoming Trading Day Of Thursday 3rd

With no support below and resistance from accumulated volume @ £2.35, some £0.0500 (2.17%) from the current price of £2.30, our system finds the risk reward not very attractive.

Is Immunodiagnostic Systems Holdings plc stock A Buy?

Immunodiagnostic Systems Holdings plc 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 Immunodiagnostic Systems Holdings plc of Thursday, September 3, 2020

The predicted opening price is based on yesterday's movements between high, low, and closing price.