Intevac Stock Forecast
Intevac stock upgraded to Hold/Accumulate.
(Updated on Apr 23, 2024)
The Intevac stock price gained 0.275% on the last trading day (Tuesday, 23rd Apr 2024), rising from $3.64 to $3.65. During the last trading day the stock fluctuated 3.06% from a day low at $3.60 to a day high of $3.71. The price has fallen in 5 of the last 10 days and is down by -4.2% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 3 thousand more shares were traded than the day before. In total, 58 thousand shares were bought and sold for approximately $211.19 thousand.
The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $3.57 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -9.69% during the next 3 months and, with a 90% probability hold a price between $3.22 and $3.67 at the end of this 3-month period.
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IVAC Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, April 15, 2024, and so far it has risen 1.11%. Further rise is indicated until a new top pivot has been found. Intevac has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Intevac 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 $3.81. On a fall, the stock will find some support from the short-term average at $3.64. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Intevac stock
Intevac finds support from accumulated volume at $3.64 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.110 (3.06%) between high and low. For the last week, the stock has had daily average volatility of 2.62%.
Our recommended stop-loss: $3.43 (-5.97%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 6 days ago.)
Trading Expectations (IVAC) For The Upcoming Trading Day Of Wednesday 24th
For the upcoming trading day on Wednesday, 24th we expect Intevac to open at $3.65, and during the day (based on 14 day Average True Range), to move between $3.51 and $3.79, which gives a possible trading interval of +/-$0.139 (+/-3.80%) up or down from last closing price. If Intevac takes out the full calculated possible swing range there will be an estimated 7.60% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $3.64 (0.27%) than the resistance at $3.80 (4.11%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Intevac will release earnings BMO on Wednesday, May 01, 2024.The consensus among the analysts for the expected earnings (EPS) is -$0.170. We will update the financials statements for Intevac, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 4.74% in the first trading day after earnings release.
Is Intevac stock A Buy?
Intevac 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: -0.622 Hold/Accumulate Upgraded
Predicted Opening Price for Intevac of Wednesday, April 24, 2024
| Fair opening price April 24, 2024 | Current price |
|---|---|
| $3.65 ( 0.0913%) | $3.65 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IVAC
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.76 | 3.11 % | |
| R2 | 3.72 | 1.95 % | ||
| R1 | 3.70 | 1.24 % | ||
| Current price: | 3.65 | |||
| Support | S1 | 3.61 | -1.06 % | |
| S2 | 3.59 | -1.77 % | ||
| S3 | 3.54 | -2.92 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.92 | 7.40 % | |
| R2 | 3.81 | 4.38 % | ||
| R1 | 3.80 | 4.11 % | ||
| Current price | 3.65 | |||
| Support | S1 | 3.64 | -0.274% | |
| S2 | 3.63 | -0.548% | ||
| S3 | 3.61 | -1.10% |
FAQ
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