ITG stock - Investment Technology Group Inc

Industry: Investment Brokerage - Regional Sector: Financial Exchange: NYSE

Fri 16'th Nov 2018

PERIOD 2018-08-17 - 2018-11-16
CHANGE -0.33%
PRICE $30.00
VOLUME
Buy
TREND
Buy

MV LONG
Buy

MV SHORT
Sell

PIVOT
Sell

MACD
Buy
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Investment Technology Group Inc Stock Analysis

Technical stock analysis for Fri 16'th Nov 2018

Buy candidate since 2018-11-02 Gain 8.85%
Shorts 1.48% ( 2018-10-31 )
Cash 289.0 mill
Loans 104.5 mill
Beta 1.06
ROA -0.10

Investment Technology Group Inc fell by -0.33% in the last day from $30.10 to $30.00 The price has risen in 6 of the last 10 days and is up by 8.85% over the past 2 weeks. Volume has increased in the last day by 0.05 million shares, but on falling prices. This may be an early warning and the risk will be increased slightly for the next couple of days. In total, 1.01 million shares bought and sold for approximately $30.24 million.

Trend

Investment Technology Group Inc lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 44.87% during the next 3 months and, with 90% probability hold a price between $39.04 and $47.35 at the end of this period.

Click here for today's Top 5 Trending Companies

Signals

A sales signal was issued from a pivot top point on Friday November 09, 2018, which indicates further falls until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. Some positive signals were issued as well, and these may have some influence on the near short-term development. 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 $30.09. On a fall, the stock will find some support from the long-term average at approximately $27.56. 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.

Access today's Top 5 Golden Star Companies

Relative Strength Index (RSI)

RSI14 is 92 and the stock is extremely overbought on RSI14, so further reactions should be expected. Some stocks may have a long and hard correction after reaching so high an RSI, but not in all cases. However, the short-term risk has increased drastically and larger movements in the next couple of days can be expected.

Access full RSI 14 and RSI 21 lists

Support & Resistance

On the downside, the stock finds support just below today's level from accumulated volume at $27.94 and $27.75.

There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Investment Technology Group Inc finds support just below today's level at $27.94. If this is broken, then the next support from accumulated volume will be at $27.75 and $27.65.

Support: $27.94 Price: $30.00 Resistance: $30.05

Risk

This stock may move much during a day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.23 between high and low, or 0.77%. For the last week, the stock has had a daily average volatility of 0.56%.

The stock is extremely overbought on RSI14 (92). This increases the short-term risk substantially.

Our recommended stoploss: $29.12 (-2.95%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 92 and this increases the risk substantially. There is a sell signal from pivot top found 5 days ago.)

Overall risk:

Very Low Low Medium High Very High

Evaluation

Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, for the wholesome period, we think that today's level holds a possible buying-opportunity and that the price will be higher during or at the end of this 3-month period.

ITG $30.00 $-0.10(-0.33%)
ITG is down $0.10 today, but where's it headed in 2019?
Zacks Investment Research is releasing its prediction for ITG based on the 1-3 month system that more than doubles the S&P 500.

Click here – the ITG analysis is free »

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