International Holding Company PJSC Stock Forecast
Weaker technical forecast for International Holding Company PJSC as stock downgraded to Hold/Accumulate.
(Updated on Dec 05, 2019)
The International Holding Company PJSC stock price fell by -0.84% on the last day (Thursday, 5th Dec 2019) from $5.97 to $5.92. During the last trading day the stock fluctuated 4.59% from a day low at $5.66 to a day high of $5.92. The price has been going up and down for this period, and there has been a 4.78% gain for the last 2 weeks. Volume has increased on the last day by 785 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, 2 million shares were bought and sold for approximately $14.36 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 26.85% during the next 3 months and, with a 90% probability hold a price between $6.69 and $8.18 at the end of this 3-month period.
IHC.UH Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Wednesday, December 04, 2019, and so far it has fallen -0.84%. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. The International Holding Company PJSC 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 $5.74 and $5.35. A breakdown below any of these levels will issue sell signals.
Support, Risk & Stop-loss for International Holding Company PJSC stock
On the downside, the stock finds support just below today's level from accumulated volume at $5.25 and $5.00. 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, International Holding Company PJSC finds support just below today's level at $5.25. If this is broken, then the next support from accumulated volume will be at $5.00 and $4.65.
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 $0.260 between high and low, or 4.59%. For the last week the stock has had daily average volatility of 0.92%.
Our recommended stop-loss: $5.71 (-3.54%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (IHC.UH) For The Upcoming Trading Day Of Sunday 8th
For the upcoming trading day on Sunday, 8th we expect International Holding Company PJSC to open at $5.83, and during the day (based on 14 day Average True Range), to move between $5.81 and $6.03, which gives a possible trading interval of +/-$0.112 (+/-1.89%) up or down from last closing price. If International Holding Company PJSC takes out the full calculated possible swing range there will be an estimated 3.77% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $5.97 (0.84%) than the support at $5.25 (11.32%), 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 International Holding Company PJSC stock A Buy?
International Holding Company PJSC holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, 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 Strong Buy to a Hold/Accumulate candidate.
Current score: 0.370 Hold/Accumulate Downgraded
Predicted Opening Price for International Holding Company PJSC of Sunday, December 8, 2019
| Fair opening price December 8, 2019 | Current price |
|---|---|
| $5.83 ( 1.46%) | $5.92 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IHC.UH
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 6.09 | 2.93 % | |
| R2 | 5.99 | 1.25 % | ||
| R1 | 5.93 | 0.214 % | ||
| Current price: | 5.92 | |||
| Support | S1 | 5.73 | -3.14 % | |
| S2 | 5.67 | -4.18 % | ||
| S3 | 5.57 | -5.86 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 5.99 | 1.18 % | ||
| R1 | 5.97 | 0.84 % | ||
| Current price | 5.92 | |||
| Support | S1 | 5.25 | -11.32% | |
| S2 | 5.00 | -15.54% | ||
| S3 | 4.65 | -21.45% |
FAQ
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