Intuit Inc. Stock Forecast
Red day on Thursday for Intuit Inc. stock after losing 0.788%
(Updated on Apr 18, 2024)
The Intuit Inc. stock price fell by -0.788% on the last day (Thursday, 18th Apr 2024) from $613.21 to $608.38. During the last trading day the stock fluctuated 1.74% from a day low at $606.32 to a day high of $616.89. The price has fallen in 7 of the last 10 days and is down by -2.08% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -194 thousand shares and in total, 773 thousand shares were bought and sold for approximately $470.29 million.
The stock lies in the lower of a falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $603.78 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -2.72% during the next 3 months and, with a 90% probability hold a price between $587.37 and $640.78 at the end of this 3-month period.
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INTU Signals & Forecast
There are few to no technical positive signals at the moment. The Intuit Inc. 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 $617.48 and $639.11. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, February 27, 2024, and so far it has fallen -9.11%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Intuit Inc. stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $10.57 (1.74%) between high and low. For the last week, the stock has had daily average volatility of 1.76%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (INTU) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Intuit Inc. to open at $610.53, and during the day (based on 14 day Average True Range), to move between $595.54 and $621.22, which gives a possible trading interval of +/-$12.84 (+/-2.11%) up or down from last closing price. If Intuit Inc. takes out the full calculated possible swing range there will be an estimated 4.22% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $625.52, some $17.14 (2.82%) from the current price of $608.38, our system finds the risk reward not very attractive.
Is Intuit Inc. stock A Buy?
Intuit Inc. holds several negative signals and is within a 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: -2.492 Sell Candidate Unchanged
Predicted Opening Price for Intuit Inc. of Friday, April 19, 2024
Fair opening price April 19, 2024 | Current price |
---|---|
$610.53 ( 0.353%) | $608.38 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for INTU
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 621.10 | 2.09 % | |
R2 | 617.06 | 1.43 % | ||
R1 | 614.57 | 1.02 % | ||
Current price: | 608.38 | |||
Support | S1 | 606.49 | -0.310 % | |
S2 | 604.00 | -0.720 % | ||
S3 | 599.96 | -1.38 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 662.89 | 8.96 % | |
R2 | 626.59 | 2.99 % | ||
R1 | 625.52 | 2.82 % | ||
Current price | 608.38 | |||
Support | S1 | 0 | . | |
S2 | 0 | . | ||
S3 | 0 | . |
INTU Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 22, 2024 | Apr 09, 2024 | Apr 18, 2024 | $0.90 | 0.148% |
2 | Nov 16, 2023 | Jan 09, 2024 | Jan 18, 2024 | $0.90 | 0.147% |
3 | Aug 24, 2023 | Oct 06, 2023 | Oct 17, 2023 | $0.90 | 0.167% |
4 | Aug 24, 2023 | Oct 05, 2023 | Oct 17, 2023 | $0.90 | 0.167% |
5 | May 19, 2023 | Jul 07, 2023 | Jul 18, 2023 | $0.780 | 0.157% |
FAQ
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