Integrated Electrical Services Stock Forecast
Weaker technical forecast for Integrated Electrical Services as stock downgraded to Buy Candidate.
(Updated on Apr 25, 2024)
The Integrated Electrical Services stock price fell by -0.90% on the last day (Thursday, 25th Apr 2024) from $128.71 to $127.55. During the last trading day the stock fluctuated 4.83% from a day low at $121.68 to a day high of $127.56. The price has fallen in 6 of the last 10 days but is still up by 1.72% over the past 2 weeks. 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 -80 thousand shares and in total, 104 thousand shares were bought and sold for approximately $13.32 million.
The stock lies in the middle of a 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 43.20% during the next 3 months and, with a 90% probability hold a price between $169.39 and $204.79 at the end of this 3-month period.
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IESC Signals & Forecast
The Integrated Electrical Services 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 $121.38 and $117.58. A breakdown below any of these levels will issue sell signals. 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, April 08, 2024, and so far it has fallen -4.79%. 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 Integrated Electrical Services stock
Integrated Electrical Services finds support from accumulated volume at $121.64 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $5.87 between high and low, or 4.83%. For the last week, the stock has had daily average volatility of 4.65%.
Our recommended stop-loss: $121.39 (-4.83%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 13 days ago.)
Trading Expectations (IESC) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Integrated Electrical Services to open at $125.60, and during the day (based on 14 day Average True Range), to move between $121.69 and $133.41, which gives a possible trading interval of +/-$5.86 (+/-4.59%) up or down from last closing price. If Integrated Electrical Services takes out the full calculated possible swing range there will be an estimated 9.18% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $128.71 (0.91%) than the support at $121.64 (4.63%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Integrated Electrical Services 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 Integrated Electrical Services stock to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.
Current score: 1.111 Buy Candidate Downgraded
Predicted Opening Price for Integrated Electrical Services of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $125.60 ( 1.53%) | $127.55 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IESC
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 131.47 | 3.08 % | |
| R2 | 129.23 | 1.32 % | ||
| R1 | 127.84 | 0.229 % | ||
| Current price: | 127.55 | |||
| Support | S1 | 123.35 | -3.29 % | |
| S2 | 121.97 | -4.38 % | ||
| S3 | 119.72 | -6.14 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 133.97 | 5.03 % | |
| R2 | 133.63 | 4.77 % | ||
| R1 | 128.71 | 0.91 % | ||
| Current price | 127.55 | |||
| Support | S1 | 121.64 | -4.63% | |
| S2 | 105.84 | -17.02% | ||
| S3 | 102.79 | -19.41% |
FAQ
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