RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of IGC
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India Globalization Capital Inc stock upgraded from Buy Candidate to Strong Buy Candidate after Wednesday trading session.
(Updated on Mar 27, 2024)

Buy or Hold candidate since Feb 23, 2024 Gain 34.16% PDF

The India Globalization Capital Inc stock price gained 1.88% on the last trading day (Wednesday, 27th Mar 2024), rising from $0.399 to $0.407. During the last trading day the stock fluctuated 9.04% from a day low at $0.375 to a day high of $0.409. The price has risen in 6 of the last 10 days and is up by 22.07% over the past 2 weeks. Volume fell on the last day by -683 thousand shares and in total, 337 thousand shares were bought and sold for approximately $136.93 thousand. 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 has broken the wide and strong rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at $0.388, a level that may pose a second chance to hit a runner. According to fan-theory $0.466 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.

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IGC Signals & Forecast

The India Globalization Capital 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 $0.378 and $0.331. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, March 21, 2024, and so far it has risen 19.56%. Further rise is indicated until a new top pivot has been found. 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. 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. The stock had a Golden Star Signal on Tuesday, February 06, 2024 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Buy
Special Signal Notification

Golden Star

The stock had a Golden Star Signal on Tuesday, February 06, 2024 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for India Globalization Capital Inc stock

On the downside, the stock finds support just below today's level from accumulated volume at $0.378 and $0.349. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, India Globalization Capital Inc finds support just below today's level at $0.378. If this is broken, then the next support from accumulated volume will be at $0.349 and $0.345.

This stock may move much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.0339 between high and low, or 9.04%. For the last week the stock has had daily average volatility of 12.62%.

Our recommended stop-loss: $0.394 (-3.10%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 4 days ago.)

Trading Expectations (IGC) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect India Globalization Capital Inc to open at $0.397, and during the day (based on 14 day Average True Range), to move between $0.363 and $0.450, which gives a possible trading interval of +/-$0.0436 (+/-10.71%) up or down from last closing price. If India Globalization Capital Inc takes out the full calculated possible swing range there will be an estimated 21.43% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $0.378, some $0.0283 (6.96%) from the current price of $0.407, our system finds the risk reward attractive.

Is India Globalization Capital Inc stock A Buy?

Several short-term signals are positive and the stock has broke the rising trend up, which indicates an even stronger rate of rising. We conclude that the current level may hold a buying opportunity as there is a fair chance for India Globalization Capital Inc stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.

Current score: 5.188 Strong Buy Candidate Upgraded

Predicted Opening Price for India Globalization Capital Inc of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$0.397 ( 2.37%) $0.407

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

Trading levels for IGC

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 0.431 5.97 %
R2 0.418 2.78 %
R1 0.410 0.82 %
Current price: 0.407
Support S1 0.384 -5.56 %
S2 0.376 -7.52 %
S3 0.363 -10.71 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 0 .
Current price 0.407
Support S1 0.378 -6.96%
S2 0.349 -14.15%
S3 0.345 -15.25%

FAQ

What is the symbol for India Globalization Capital Inc Stock and on which exchange is it traded?
The symbol for India Globalization Capital Inc is IGC and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell India Globalization Capital Inc Stock?
Several short-term signals are positive and the stock has broke the rising trend up, which indicates an even stronger rate of rising. We conclude that the current level may hold a buying opportunity as there is a fair chance for India Globalization Capital Inc stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.

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

What's the current price of India Globalization Capital Inc Stock?
As of the end of day on the 2024-03-27, the price of an India Globalization Capital Inc (IGC) share was $0.407.

What is the 52-week high and low for India Globalization Capital Inc Stock?
The 52-week high for India Globalization Capital Inc Stock is $0.491 and the 52-week low is $0.250.

What is the market capitalization of India Globalization Capital Inc Stock?
As of the 2024-03-27, the market capitalization of India Globalization Capital Inc is 25.43M.

When is the next earnings date for India Globalization Capital Inc?
The upcoming earnings date for India Globalization Capital Inc is Jul 10, 2024.
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About India Globalization Capital Inc

India Globalization Capital India Globalization Capital, Inc. purchases and resells physical infrastructure commodities. It operates through two segments, Infrastructure and Life Sciences. The company rents heavy construction equipment, including motor grader and rollers; and undertakes highway construction contracts. It also develops cannabinoid-based products and therapies, such as hemp-based tinctures to treat anxiety, and enhance the lifestyle of patients suffering from... IGC Profile

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