RSI low/high Values: [ 20 - 80 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of IDOX.L
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Red day on Wednesday for Idox
(Updated on Mar 27, 2024)

Sell candidate since Mar 11, 2024 Loss -2.84% PDF

The Idox stock price fell by -1.28% on the last day (Wednesday, 27th Mar 2024) from £62.40 to £61.60. During the last trading day the stock fluctuated 2.61% from a day low at £61.20 to a day high of £62.80. The price has fallen in 5 of the last 10 days and is down by -2.22% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -159 thousand shares and in total, 235 thousand shares were bought and sold for approximately £14.48 million.

The stock lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -7.95% during the next 3 months and, with a 90% probability hold a price between £54.16 and £58.16 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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IDOX.L Signals & Forecast

There are few to no technical positive signals at the moment. The Idox stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at £62.40 and £63.09. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, January 25, 2024, and so far it has fallen -8.06%. 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 together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss for Idox 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 with good liquidity the risk is considered very low in this stock. During the last day, the stock moved £1.60 between high and low, or 2.61%. For the last week the stock has had daily average volatility of 2.16%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (IDOX.L) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Idox to open at £61.87, and during the day (based on 14 day Average True Range), to move between £59.92 and £63.28, which gives a possible trading interval of +/-£1.68 (+/-2.73%) up or down from last closing price. If Idox takes out the full calculated possible swing range there will be an estimated 5.47% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ £62.00, some £0.400 (0.65%) from the current price of £61.60, our system finds the risk reward not very attractive.

Is Idox stock A Buy?

Idox holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

Current score: -3.423 Sell Candidate Unchanged

Predicted Opening Price for Idox of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
£61.87 ( 0.433%) £61.60

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

Trading levels for IDOX.L

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 63.47 3.03 %
R2 62.86 2.04 %
R1 62.48 1.43 %
Current price: 61.60
Support S1 61.26 -0.559 %
S2 60.88 -1.17 %
S3 60.27 -2.16 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 66.40 7.79 %
R2 63.00 2.27 %
R1 62.00 0.649 %
Current price 61.60
Support S1 0 .
S2 0 .
S3 0 .

IDOX Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Mar 28, 2024 Mar 28, 2024 Apr 12, 2024 £0.600 0.97%
2 Jan 26, 2023 Mar 30, 2023 Apr 14, 2023 £0.500 0.786%
3 Jan 27, 2022 Mar 24, 2022 Apr 08, 2022 £0.400 0.627%
4 Feb 03, 2021 Mar 25, 2021 Apr 09, 2021 £0.300 0.445%
5 Mar 01, 2018 Mar 29, 2018 Apr 20, 2018 £0.655 2.05%

FAQ

What is the symbol for Idox Stock and on which exchange is it traded?
The symbol for Idox is IDOX.L and it is traded on the XLON (London Stock Exchange).

Should I buy or sell Idox Stock?
Idox holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

How to buy Idox Stock?
Idox Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Idox Stock.

What's the current price of Idox Stock?
As of the end of day on the 2024-03-27, the price of an Idox (IDOX.L) share was £61.60.

What is the 52-week high and low for Idox Stock?
The 52-week high for Idox Stock is £71.00 and the 52-week low is £60.00.

What is the market capitalization of Idox Stock?
As of the 2024-03-27, the market capitalization of Idox is 279.408M.

When is the next earnings date for Idox?
The upcoming earnings date for Idox is Jun 06, 2024.
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About Idox

Idox IDOX plc, through its subsidiaries, provides software and services for the management of local government and other organizations. The company operates in two segments, Public Sector Software and Engineering Information Management. It offers on-premise and cloud software solutions for the management of planning, building control, land charges and gazetteer managements, estates, street numbering, environmental health, trading standards, licensing,... IDOX.L Profile

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