Intelligent Systems Corp Forecast and Stock Analysis
Technical INS stock analysis for Friday May 24, 2019.
|Shorts||3.31% ( 2019-04-15 )|
|Price to book||USD 12.33|
|Next Earnings Date||n/a|
No changes to the price of Intelligent Systems Corp in the last trading day ( Friday, 24th May 2019 ). During day the stock fluctuated 0.00% from a day low at $39.11 to a day high of $39.11. The price has fallen in 5 of the last 10 days and is down by -13.09% for this period.
- 30 day high of the INS stock price was $48.93 and low was $28.00.
- 90 day high was $48.93 and low was $17.16.
- 52 week high for the Intelligent Systems Corp - $48.93 and low - $7.71.
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 77.07% during the next 3 months and, with 90% probability hold a price between $61.70 and $93.76 at the end of this period.
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 $41.23. On a fall, the stock will find some support from the long-term average at approximately $37.14. 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. A buy signal was issued from a pivot bottom point on Tuesday May 21, 2019, which indicates further gains 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. 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.
Relative Strength Index (RSI)
RSI14 is 44 and the stock is currently not being overbought or oversold
Support & Resistance
On the downside, the stock finds support just below today's level from accumulated volume at $35.90 and $33.21.
There is 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, Intelligent Systems Corp finds support just below today's level at $35.90. If this is broken, then the next support from accumulated volume will be at $33.21 and $31.15.
This stock may move much during a day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.00 between high and low, or 0.00%. For the last week the stock has had a daily average volatility of 6.45%.
Our recommended stoploss: $36.73 (-6.08%) (This stock has very high daily movements and this gives very high risk. There is a buy signal from pivot bottom found 3 days ago.)
6.45 %Average volatility
Very Low Low Medium High Very High
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. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Strong Buy Candidate to a Buy Candidate.
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