The Intergroup Corporation Stock Forecast
Stronger technical forecast for The Intergroup Corporation stock price after Friday trading.
(Updated on Feb 07, 2020)
The The Intergroup Corporation stock price gained 0.0105% on the last trading day (Friday, 7th Feb 2020), rising from $32.34 to $32.34. During the last trading day the stock fluctuated 0% from a day low at $32.34 to a day high of $32.34. The price has fallen in 4 of the last 10 days and is down by -11.61% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 15 more shares were traded than the day before. In total, 15 shares were bought and sold for approximately $485.15 .
The stock lies in the lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $32.13 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 4.04% during the next 3 months and, with a 90% probability hold a price between $33.43 and $39.79 at the end of this 3-month period.
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INTG Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, February 06, 2020, and so far it has risen 0.0105%. Further rise is indicated until a new top pivot has been found. The Intergroup Corporation has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. The The Intergroup Corporation stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $34.33 and $33.70. 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).
Support, Risk & Stop-loss for The Intergroup Corporation stock
The Intergroup Corporation finds support from accumulated volume at $32.13 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 between high and low, or 0%. For the last week the stock has had daily average volatility of 0.641%.
Our recommended stop-loss: $30.10 (-6.92%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 1 day ago.)
Trading Expectations (INTG) For The Upcoming Trading Day Of Monday 10th
For the upcoming trading day on Monday, 10th we expect The Intergroup Corporation to open at $32.34, and during the day (based on 14 day Average True Range), to move between $31.50 and $33.19, which gives a possible trading interval of +/-$0.85 (+/-2.62%) up or down from last closing price. If The Intergroup Corporation takes out the full calculated possible swing range there will be an estimated 5.25% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $32.43 (0.27%) than the support at $32.13 (0.66%), 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 The Intergroup Corporation stock A Buy?
The Intergroup Corporation holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.593 Hold/Accumulate Upgraded
Predicted Opening Price for The Intergroup Corporation of Monday, February 10, 2020
| Fair opening price February 10, 2020 | Current price |
|---|---|
| $32.34 ( 0%) | $32.34 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for INTG
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 32.34 | . | |
| R2 | 32.34 | . | ||
| R1 | 32.34 | . | ||
| Current price: | 32.34 | |||
| Support | S1 | 32.34 | . | |
| S2 | 32.34 | . | ||
| S3 | 32.34 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 36.35 | 12.40 % | |
| R2 | 35.99 | 11.27 % | ||
| R1 | 32.43 | 0.268 % | ||
| Current price | 32.34 | |||
| Support | S1 | 32.13 | -0.659% | |
| S2 | 31.76 | -1.81% | ||
| S3 | 30.89 | -4.49% |
FAQ
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