Intellicheck Mobilisa, Inc Stock Forecast
Stronger technical forecast for Intellicheck Mobilisa, Inc stock price after Wednesday trading.
(Updated on Mar 27, 2024)
The Intellicheck Mobilisa, Inc stock price gained 1.29% on the last trading day (Wednesday, 27th Mar 2024), rising from $3.49 to $3.53. During the last trading day the stock fluctuated 7.04% from a day low at $3.41 to a day high of $3.65. The price has been going up and down for this period, and there has been a 93.96% gain for the last 2 weeks. Volume fell on the last day by -780 thousand shares and in total, 362 thousand shares were bought and sold for approximately $1.28 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the upper part of a very wide and strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $3.94 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 18.43% during the next 3 months and, with a 90% probability hold a price between $2.12 and $4.67 at the end of this 3-month period.
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IDN Signals & Forecast
The Intellicheck Mobilisa, Inc 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 $2.76 and $1.98. A breakdown below any of these levels will issue sell signals. 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 Monday, March 25, 2024, and so far it has fallen -9.95%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Support, Risk & Stop-loss for Intellicheck Mobilisa, Inc stock
Intellicheck Mobilisa, Inc finds support from accumulated volume at $3.49 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved $0.240 between high and low, or 7.04%. For the last week the stock has had daily average volatility of 24.41%.
The Intellicheck Mobilisa, Inc stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.
Our recommended stop-loss: $3.36 (-4.92%) (This stock has very high daily movements and this gives very high risk. The RSI14 is 79 and this increases the risk substantially. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (IDN) For The Upcoming Trading Day Of Thursday 28th
For the upcoming trading day on Thursday, 28th we expect Intellicheck Mobilisa, Inc to open at $3.53, and during the day (based on 14 day Average True Range), to move between $3.26 and $3.80, which gives a possible trading interval of +/-$0.268 (+/-7.59%) up or down from last closing price. If Intellicheck Mobilisa, Inc takes out the full calculated possible swing range there will be an estimated 15.18% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $3.49 (1.27%) than the resistance at $3.92 (11.05%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Intellicheck Mobilisa, Inc stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Intellicheck Mobilisa, Inc stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.717 Buy Candidate Upgraded
Predicted Opening Price for Intellicheck Mobilisa, Inc of Thursday, March 28, 2024
Fair opening price March 28, 2024 | Current price |
---|---|
$3.53 ( 0%) | $3.53 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IDN
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 3.77 | 6.80 % | |
R2 | 3.68 | 4.20 % | ||
R1 | 3.62 | 2.60 % | ||
Current price: | 3.53 | |||
Support | S1 | 3.44 | -2.60 % | |
S2 | 3.38 | -4.20 % | ||
S3 | 3.29 | -6.80 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 3.92 | 11.05 % | ||
Current price | 3.53 | |||
Support | S1 | 3.49 | -1.27% | |
S2 | 3.06 | -13.31% | ||
S3 | 0 | . |
FAQ
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