IntriCon Corporation Forecast and Stock Analysis
Technical IIN stock analysis for February 15, 2019.
IntriCon Corporation gained 5.24% in the last trading day, rising from $26.14 to $27.51 The price has risen in 7 of the last 10 days and is up by 4.44% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 21 114 more shares were traded than the day before. In total, 110 001 shares bought and sold for approximately $3.03 million.
Close price at the end of the last trading day (Friday, 15th Feb 2019) of the IIN stock was $27.51. This is 5.24% more than the trading day before Thursday, 14th Feb 2019.
During day the stock fluctuated 5.40% from a day low at $26.13 to a day high of $27.54.
30 day high of the IIN stock price was $28.58 and low was $24.49.
90 day high was $38.35 and low was $21.96.
52 week high for the IntriCon Corporation - $76.80 and low - $17.05.
IntriCon Corporation lies the upper part of a very wide and falling trend in the short term, and this will normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $28.47 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -22.46% during the next 3 months and, with 90% probability hold a price between $14.23 and $22.07 at the end of this period.
Only positive signals in the chart today. IntriCon Corporation holds buy signals from both short- and long-term moving averages, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down there will be some support from the lines at $25.88 and $26.40. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday February 07, 2019, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal.
Relative Strength Index (RSI)
RSI14 is 67 and the stock is currently not being overbought or oversold
Support & Resistance
IntriCon Corporation finds support from accumulated volume at $27.40.
This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $1.41 (5.40%) between high and low. For the last week, the stock has had a daily average volatility of 3.51%.
Our recommended stoploss: $26.41 (-3.99%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 6 days ago.)
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Evaluation: Buy Candidate
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for this stock to perform well in the short-term. We have upgraded our recommendation for this stock since last evaluation from a Sell Candidate to a Buy Candidate.