Investment Technology Group Inc Forecast and Stock Analysis
Technical ITG stock analysis for February 15, 2019.
|Shorts||4.33% ( 2019-01-31 )|
Investment Technology Group Inc gained 0.07% in the last trading day, rising from $30.26 to $30.28 The price has risen in 5 of the last 10 days and is up by 0.07% over the past 2 weeks. Volume fell in the last day by -226 192 shares, and in total, 150 707 shares bought and sold for approximately $4.56 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 (Friday, 15th Feb 2019) of the ITG stock was $30.28. This is 0.07% more than the trading day before Thursday, 14th Feb 2019.
During day the stock fluctuated 0.13% from a day low at $30.26 to a day high of $30.30.
30 day high of the ITG stock price was $30.32 and low was $30.11.
90 day high was $30.32 and low was $29.68.
52 week high for the Investment Technology Group Inc - $30.32 and low - $19.10.
Investment Technology Group Inc is the upper part of a narrow and horizontal trend and normally this would pose a good selling opportunity, but a break-up through the top trend line at $30.33 will give a strong buy signal and a trend shift may be expected. Given the current horizontal trend you can expect Investment Technology Group Inc with 90% probability to be traded between $30.33 and $30.62 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.
There are mixed signals in the stock today. A sales signal was issued from a pivot top point on Friday February 08, 2019, which indicates further falls until a new bottom pivot has been found. Investment Technology Group Inc 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 $30.28. On a fall, the stock will find some support from the long-term average at approximately $30.20. 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. 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.
Relative Strength Index (RSI)
RSI14 is 63 and the stock is currently not being overbought or oversold
Support & Resistance
Investment Technology Group Inc finds support from accumulated volume at $30.12.
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 $0.04 (0.13%) between high and low. For the last week, the stock has had a daily average volatility of 0.19%.
Our recommended stoploss: $29.28 (-3.30%) (This stock has low daily movements and this gives low risk. There is a sell signal from pivot top found 5 days ago.)
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Evaluation: Buy Candidate
Several short-term signals 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 period. We have upgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Buy Candidate.