Integrated Electrical Services Forecast and Stock Analysis
Technical IESC stock analysis for Friday May 24, 2019.
|Price to book||USD 1.73|
|Next Earnings Date||n/a|
No changes to the price of Integrated Electrical Services in the last trading day ( Friday, 24th May 2019 ). During day the stock fluctuated 0.00% from a day low at $18.47 to a day high of $18.47. The price has fallen in 5 of the last 10 days , but is still up by 2.9% over the past 2 weeks.
- 30 day high of the IESC stock price was $19.35 and low was $16.77.
- 90 day high was $19.35 and low was $16.77.
- 52 week high for the Integrated Electrical Services - $20.24 and low - $14.61.
Given the current horizontal trend you can expect Integrated Electrical Services with 90% probability to be traded between $16.98 and $18.91 at the end of this period with 90% probability. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the roof. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
Integrated Electrical Services holds a sales 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. On further gains, the stock will meet resistance from the short-term moving average at approximately $18.67. On a fall, the stock will find some support from the long-term average at approximately $18.02. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sales signal. A buy signal was issued from a pivot bottom point on Thursday May 23, 2019, which indicates further gains until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Relative Strength Index (RSI)
RSI14 is 69 and the stock is currently not being overbought or oversold
Support & Resistance
Integrated Electrical Services finds support from accumulated volume at $18.27.
This stock may move much during a day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.00 between high and low, or 0.00%. For the last week the stock has had a daily average volatility of 2.41%.
Our recommended stoploss: $17.43 (-5.62%) (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.)
2.41 %Average volatility
Very Low Low Medium High Very High
Integrated Electrical Services holds several positive signals, but we still don't find these to be enough for a buy-recommendation. At the current level we recommend to hold or accumulate in this position whilst awaiting for further development. We have upgraded our recommendation for this stock since last evaluation from a Sell Candidate to a Hold/Accumulate.
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