Intellicheck Mobilisa, Inc 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
High volatility in Intellicheck Mobilisa, Inc stock price on Thursday which ended trading at $2.80
(Updated on Apr 18, 2024)
The Intellicheck Mobilisa, Inc stock price fell by -11.39% on the last day (Thursday, 18th Apr 2024) from $3.16 to $2.80. During the last trading day the stock fluctuated 14.86% from a day low at $2.76 to a day high of $3.17. The price has been going up and down for this period, and there has been a -16.91% loss for the last 2 weeks. Volume has increased on the last day by 38 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 198 thousand shares were bought and sold for approximately $553.30 thousand.
The stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 79.26% during the next 3 months and, with a 90% probability hold a price between $4.22 and $8.00 at the end of this 3-month period.
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IDN Signals & Forecast
The Intellicheck Mobilisa, Inc 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 $3.30. On a fall, the stock will find some support from the long-term average at approximately $2.66. 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. 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 -28.57%. 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). Intellicheck Mobilisa, Inc gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
Support, Risk & Stop-loss for Intellicheck Mobilisa, Inc 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.
This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.410 between high and low, or 14.86%. For the last week, the stock has had daily average volatility of 10.28%.
Our recommended stop-loss: $2.66 (-5.15%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 17 days ago.)
Trading Expectations (IDN) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Intellicheck Mobilisa, Inc to open at $2.91, and during the day (based on 14 day Average True Range), to move between $2.51 and $3.09, which gives a possible trading interval of +/-$0.289 (+/-10.32%) up or down from last closing price. If Intellicheck Mobilisa, Inc takes out the full calculated possible swing range there will be an estimated 20.64% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $3.06, some $0.260 (9.29%) from the current price of $2.80, our system finds the risk reward not very attractive.
Is Intellicheck Mobilisa, Inc stock A Buy?
Intellicheck Mobilisa, Inc holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: -0.225 Hold/Accumulate Downgraded
Predicted Opening Price for Intellicheck Mobilisa, Inc of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $2.91 ( 3.93%) | $2.80 |
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 | 3.32 | 18.57 % | |
| R2 | 3.16 | 12.98 % | ||
| R1 | 3.07 | 9.52 % | ||
| Current price: | 2.80 | |||
| Support | S1 | 2.75 | -1.67 % | |
| S2 | 2.66 | -5.12 % | ||
| S3 | 2.50 | -10.71 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.49 | 24.46 % | |
| R2 | 3.48 | 24.29 % | ||
| R1 | 3.06 | 9.29 % | ||
| Current price | 2.80 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
FAQ
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