INC Research Holdings Stock Forecast
Red day on Monday for INC Research Holdings
(Updated on Jan 22, 2018)
No changes to the price of INC Research Holdings stock on the last trading day (Monday, 22nd Jan 2018). During the last trading day the stock fluctuated 0% from a day low at $40.50 to a day high of $40.50. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -21.71% during the next 3 months and, with a 90% probability hold a price between $19.22 and $37.50 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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INCR Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, January 05, 2018, and so far it has fallen 0%. Further rise is indicated 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. The INC Research Holdings stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $40.50 and $41.01. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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.
Support, Risk & Stop-loss for INC Research Holdings stock
On the downside, the stock finds support just below today's level from accumulated volume at $38.00 and $36.00. 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, INC Research Holdings finds support just below today's level at $38.00. If this is broken, then the next support from accumulated volume will be at $36.00 and $34.35.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 0%
INC Research Holdings is oversold on RSI14 (12). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (INCR) For The Upcoming Trading Day Of Tuesday 23rd
For the upcoming trading day on Tuesday, 23rd we expect INC Research Holdings to open at $40.50, and during the day (based on 14 day Average True Range), to move between $39.87 and $41.13, which gives a possible trading interval of +/-$0.633 (+/-1.56%) up or down from last closing price. If INC Research Holdings takes out the full calculated possible swing range there will be an estimated 3.13% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $41.05 (1.36%) than the support at $38.00 (6.17%), 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 INC Research Holdings stock A Buy?
INC Research Holdings holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -1.920 Sell Candidate Unchanged
Predicted Opening Price for INC Research Holdings of Tuesday, January 23, 2018
| Fair opening price January 23, 2018 | Current price |
|---|---|
| $40.50 ( 0%) | $40.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for INCR
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 40.50 | . | |
| R2 | 40.50 | . | ||
| R1 | 40.50 | . | ||
| Current price: | 40.50 | |||
| Support | S1 | 40.50 | . | |
| S2 | 40.50 | . | ||
| S3 | 40.50 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 41.85 | 3.33 % | |
| R2 | 41.15 | 1.60 % | ||
| R1 | 41.05 | 1.36 % | ||
| Current price | 40.50 | |||
| Support | S1 | 38.00 | -6.17% | |
| S2 | 36.00 | -11.11% | ||
| S3 | 34.35 | -15.19% |
FAQ
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