Integrated Electrical Services Stock Forecast
Integrated Electrical Services stock price ended at $128.71 on Wednesday, after gaining 0.83%.
(Updated on Apr 24, 2024)
The Integrated Electrical Services stock price gained 0.83% on the last trading day (Wednesday, 24th Apr 2024), rising from $127.65 to $128.71. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 3.52% from a day low at $126.48 to a day high of $130.94. The price has been going up and down for this period, and there has been a 4.03% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 18 thousand more shares were traded than the day before. In total, 184 thousand shares were bought and sold for approximately $23.71 million.
The stock 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 44.34% during the next 3 months and, with a 90% probability hold a price between $169.78 and $205.60 at the end of this 3-month period.
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IESC Signals & Forecast
The Integrated Electrical Services 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 $120.40 and $117.16. A breakdown below any of these levels will issue sell signals. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Monday, April 08, 2024, and so far it has fallen -3.93%. 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).
Support, Risk & Stop-loss for Integrated Electrical Services stock
On the downside, the stock finds support just below today's level from accumulated volume at $121.64 and $105.84. There is a 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, Integrated Electrical Services finds support just below today's level at $121.64. If this is broken, then the next support from accumulated volume will be at $105.84 and $102.79.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $4.46 between high and low, or 3.52%. For the last week, the stock has had daily average volatility of 4.33%.
Our recommended stop-loss: $122.83 (-4.57%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 12 days ago.)
Trading Expectations (IESC) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Integrated Electrical Services to open at $128.71, and during the day (based on 14 day Average True Range), to move between $122.95 and $134.47, which gives a possible trading interval of +/-$5.76 (+/-4.48%) up or down from last closing price. If Integrated Electrical Services takes out the full calculated possible swing range there will be an estimated 8.96% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $133.63 (3.82%) than the support at $121.64 (5.49%), 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 Integrated Electrical Services stock A Buy?
Integrated Electrical Services holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.
Current score: 5.414 Strong Buy Candidate Unchanged
Predicted Opening Price for Integrated Electrical Services of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| $128.71 ( 0.0013%) | $128.71 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IESC
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 133.16 | 3.46 % | |
| R2 | 131.46 | 2.14 % | ||
| R1 | 130.41 | 1.32 % | ||
| Current price: | 128.71 | |||
| Support | S1 | 127.01 | -1.32 % | |
| S2 | 125.96 | -2.14 % | ||
| S3 | 124.25 | -3.46 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 133.97 | 4.09 % | ||
| R1 | 133.63 | 3.82 % | ||
| Current price | 128.71 | |||
| Support | S1 | 121.64 | -5.49% | |
| S2 | 105.84 | -17.77% | ||
| S3 | 102.79 | -20.14% |
FAQ
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