International Speedway Corporation Forecast and Stock Analysis
Technical ISCA stock analysis for March 18, 2019.
International Speedway Corporation gained 0.14% in the last trading day, rising from $42.72 to $42.78 The price has fallen in 6 of the last 10 days and is down by -2.37% for this period. Volume fell in the last day by -212 137 shares, and in total, 165 993 shares bought and sold for approximately $7.10 million. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.
Close price at the end of the last trading day (Monday, 18th Mar 2019) of the ISCA stock was $42.78. This is 0.14% more than the trading day before Friday, 15th Mar 2019.
During day the stock fluctuated 1.86% from a day low at $42.20 to a day high of $42.99.
30 day high of the ISCA stock price was $44.78 and low was $42.20.
90 day high was $44.91 and low was $41.41.
52 week high for the International Speedway Corporation - $49.95 and low - $35.12.
Given the current horizontal trend you can expect International Speedway Corporation with 90% probability to be traded between $42.01 and $45.04 at the end of this period with 90% probability. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the roof. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
A buy signal was issued from a pivot bottom point on Friday March 15, 2019, which indicates further gains until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. International Speedway Corporation holds sales signals from both short- and long-term moving averages. In addition, there is a general sales 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 $43.28 and $43.50. A break-up above any of these levels will issue buy signals.
Relative Strength Index (RSI)
RSI14 is 44 and the stock is currently not being overbought or oversold
Support & Resistance
International Speedway Corporation finds support from accumulated volume at $42.72.
This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $0.78 (1.86%) between high and low. For the last week, the stock has had a daily average volatility of 1.57%.
Our recommended stoploss: $40.35 (-5.69%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 1 days ago.)
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International Speedway Corporation holds several negative signals and this should give a sell recommendation, but due to the general chance for a turnaround situation we recommend to hold or accumulate whilst awaiting for further development. We have upgraded our recommendation for this stock since last evaluation from a Sell Candidate to a Hold/Accumulate.