INDRA SISTEMAS ADR Stock Forecast
Red day on Thursday for INDRA SISTEMAS ADR
(Updated on Apr 23, 2020)
The INDRA SISTEMAS ADR stock price fell by -2.29% on the last day (Thursday, 23rd Apr 2020) from $4.14 to $4.05. During the last trading day the stock fluctuated 0% from a day low at $4.05 to a day high of $4.05. The price has fallen in 6 of the last 10 days and is down by -31.56% for this period. Volume has increased on the last day by 465 shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 515 shares were bought and sold for approximately $2.08 thousand.
The stockhas broken the very wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is $3.60, a level that may pose a second chance to hit a runner. According to fan-theory $4.86 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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ISMAY Signals & Forecast
There are few to no technical positive signals at the moment. The INDRA SISTEMAS ADR stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $4.80. On a fall, the stock will find some support from the short-term average at $4.02. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Friday, April 17, 2020, and so far it has fallen -5.05%. 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). INDRA SISTEMAS ADR gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for INDRA SISTEMAS ADR stock
On the downside, the stock finds support just below today's level from accumulated volume at $3.66. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $ may give a huge drop in the stock price.
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%.
INDRA SISTEMAS ADR is oversold on RSI14 (19). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: $3.75 (-7.30%) (This stock has low daily movements and this gives low risk. Low RSI14 is 19 which reduces the risk some. There is a sell signal from a pivot top found 4 days ago.)
Trading Expectations (ISMAY) For The Upcoming Trading Day Of Friday 24th
For the upcoming trading day on Friday, 24th we expect INDRA SISTEMAS ADR to open at $4.05, and during the day (based on 14 day Average True Range), to move between $4.05 and $4.05, which gives a possible trading interval of +/-$ (+/-0.00%) up or down from last closing price. If INDRA SISTEMAS ADR takes out the full calculated possible swing range there will be an estimated 0.00% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $4.14 (2.35%) than the support at $3.66 (9.52%), 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 INDRA SISTEMAS ADR stock A Buy?
INDRA SISTEMAS ADR 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.
Current score: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for INDRA SISTEMAS ADR of Friday, April 24, 2020
| Fair opening price April 24, 2020 | Current price |
|---|---|
| $4.05 ( 0%) | $4.05 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ISMAY
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.05 | . | |
| R2 | 4.05 | . | ||
| R1 | 4.05 | . | ||
| Current price: | 4.05 | |||
| Support | S1 | 4.05 | . | |
| S2 | 4.05 | . | ||
| S3 | 4.05 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.26 | 5.32 % | |
| R2 | 4.21 | 3.96 % | ||
| R1 | 4.14 | 2.35 % | ||
| Current price | 4.05 | |||
| Support | S1 | 3.66 | -9.52% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
FAQ
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