Intelligent Systems Corp Forecast and Stock Analysis
Technical INS stock analysis for March 22, 2019.
|Shorts||1.46% ( 2019-02-28 )|
Intelligent Systems Corp fell by -4.07% in the last day from $30.20 to $28.97 The price has been going up and down for this period, and there has been a 43.06% gain for the last 2 weeks. Volume has increased in the last day by 4 185 shares, but on falling prices. This may be an early warning and the risk will be increased slightly for the next couple of days. In total, 55 566 shares bought and sold for approximately $1.61 million.
Close price at the end of the last trading day (Friday, 22nd Mar 2019) of the INS stock was $28.97. This is 4.07% less than the trading day before Thursday, 21st Mar 2019.
During day the stock fluctuated 5.35% from a day low at $28.76 to a day high of $30.30.
30 day high of the INS stock price was $30.73 and low was $17.16.
90 day high was $30.73 and low was $11.26.
52 week high for the Intelligent Systems Corp - $30.73 and low - $4.69.
Intelligent Systems Corp lies in the middle of a very 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 57.42% during the next 3 months and, with 90% probability hold a price between $33.58 and $49.11 at the end of this period.
There are mixed signals in the stock today. A sales signal was issued from a pivot top point on Friday March 15, 2019, which indicates further falls until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. Intelligent Systems Corp holds a sales signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately $29.40. On a fall, the stock will find some support from the long-term average at approximately $21.97. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sales signal.
Relative Strength Index (RSI)
The stock holds a RSI14 at 75 and is currently being overbought on RSI. This does not have to be a sales signal as many stocks may go both long and hard while being overbought on the RSI. It is therefore important to evaluate the history of the share as it may tell you something about the RSI-sensitiveness.
Support & Resistance
Intelligent Systems Corp finds support from accumulated volume at $28.25.
This stock may move much during a day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $1.54 between high and low, or 5.35%. For the last week, the stock has had a daily average volatility of 5.63%.
Our recommended stoploss: $27.12 (-6.38%) (This stock has very high daily movements and this gives very high risk. The RSI14 is 75 and this increases the risk substantially. There is a sell signal from pivot top found 5 days ago.)
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Evaluation: Buy Candidate
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 this stock to perform well in the short-term.