Investors Title Company Stock Forecast
Stronger technical forecast for Investors Title Company stock price after Wednesday trading.
(Updated on Mar 27, 2024)
The Investors Title Company stock price gained 3.43% on the last trading day (Wednesday, 27th Mar 2024), rising from $157.60 to $163.00. During the last trading day the stock fluctuated 2.52% from a day low at $159.00 to a day high of $163.00. The price has been going up and down for this period, and there has been a 3.49% gain for the last 2 weeks. Volume fell on the last day by -2 thousand shares and in total, 1 thousand shares were bought and sold for approximately $237.82 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies the upper part of a wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $165.90 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -4.02% during the next 3 months and, with a 90% probability hold a price between $140.65 and $159.24 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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ITIC Signals & Forecast
The Investors Title Company stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $159.28 and $158.16. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, February 13, 2024, and so far it has risen 7.88%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Support, Risk & Stop-loss for Investors Title Company stock
Investors Title Company finds support from accumulated volume at $162.80 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $4.00 between high and low, or 2.52%. For the last week the stock has had daily average volatility of 1.57%
Our recommended stop-loss: $156.87 (-3.76%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 30 days ago.)
Trading Expectations (ITIC) For The Upcoming Trading Day Of Thursday 28th
For the upcoming trading day on Thursday, 28th we expect Investors Title Company to open at $161.67, and during the day (based on 14 day Average True Range), to move between $159.94 and $166.06, which gives a possible trading interval of +/-$3.06 (+/-1.88%) up or down from last closing price. If Investors Title Company takes out the full calculated possible swing range there will be an estimated 3.76% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $162.80 (0.12%) than the resistance at $168.43 (3.33%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Investors Title Company stock A Buy?
Investors Title Company holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.211 Hold/Accumulate Upgraded
Predicted Opening Price for Investors Title Company of Thursday, March 28, 2024
Fair opening price March 28, 2024 | Current price |
---|---|
$161.67 ( 0.82%) | $163.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ITIC
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 165.67 | 1.64 % | |
R2 | 164.14 | 0.699 % | ||
R1 | 163.19 | 0.119 % | ||
Current price: | 163.00 | |||
Support | S1 | 160.14 | -1.76 % | |
S2 | 159.19 | -2.33 % | ||
S3 | 157.67 | -3.27 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 169.60 | 4.05 % | |
R2 | 168.48 | 3.36 % | ||
R1 | 168.43 | 3.33 % | ||
Current price | 163.00 | |||
Support | S1 | 162.80 | -0.123% | |
S2 | 157.60 | -3.31% | ||
S3 | 156.99 | -3.69% |
ITIC Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 04, 2024 | Mar 15, 2024 | Mar 29, 2024 | $0.460 | 0.282% |
2 | Nov 06, 2023 | Nov 30, 2023 | Dec 15, 2023 | $1.84 | 1.20% |
3 | Aug 14, 2023 | Aug 31, 2023 | Sep 15, 2023 | $0.460 | 0.302% |
4 | May 17, 2023 | Jun 14, 2023 | Jun 30, 2023 | $0.460 | 0.315% |
5 | Mar 06, 2023 | Mar 20, 2023 | Jun 30, 2023 | $0.460 | 0.315% |
FAQ
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