NASDAQ trade advice (B): US investment banking stock | 5-6% gain | USA stock trading idea on 18 Sep 2024

Date
September 18, 2024
Analysed By
Naranj Capital Research Desk
Stock Market
NASDAQ, United States of America

Swing Trading Signals in US Stocks

  • Buy
  • Buy
    Range
  • Target
  • Stoploss
  • Upside
    Potential
  • Trade
    Duration
  • Interactive Brokers Group
  • 129 – 131
  • 137 – 139
  • Below 126
  • 5% – 6%
  • 12 - 14 Days
  • Buy
    Interactive Brokers Group
  • Buy
    Range
    129 – 131
  • Target
    137 – 139
  • Stoploss
    Below 126
  • Upside
    Potential
    5% – 6%
  • Trade
    Duration
    12 - 14 Days
  • * Once the first target hit, reset the StopLoss at your buying price.

    Interactive Brokers Group (NASDAQ: IBKR) - Stock Overview

  • NASDAQ code
  • Stock Name
  • Sector
  • 52 Weeks High
  • 52 Weeks Low
  • IBKR
  • Interactive Brokers Group
  • Investment Banking
  • 130.907
  • 72.6
  • NASDAQ code IBKR
  • Stock Name Interactive Brokers Group
  • Sector Investment Banking
  • 52 Weeks High 130.907
  • 52 Weeks Low 72.6
  • Interactive Brokers Group (NASDAQ: IBKR) vs NASDAQ  - Relative Strength Comparison

    The image compares Interactive Brokers Group's 1-year performance to NASDAQ.
    Relative Performance - Last 1 Year
    IBKR —   NASDAQ —

  • Interactive Brokers Group (NASDAQ: IBKR) - Technical Analysis (Daily)

    Interactive Brokers Group - Technical Analysis chart on Daily Price and Volume
    Interactive Brokers Group - Technical Analysis chart on Daily Price and Volume

    • The daily chart indicates that the stock price is exhibiting a general upward trend.
    • During this upward movement, the price encountered resistance near the $95 mark, subsequently entered a phase of consolidation that resulted in the formation of a Rounding Bottom pattern.
    • After breaking out, the stock price experienced a significant increase; however, it met another considerable resistance around the $129 level, lea to a subsequent decline.
    • This drop brought the price down to the $106 level, where it found support and began to recover.
    • Following a period of consolidation, the stock price ultimately developed an Inverted Head & Shoulders pattern.
    • Recently, with a new breakout, the price is poised for further upward movement.
  • Interactive Brokers Group (NASDAQ: IBKR) - RSI Indicator

    Interactive Brokers Group stock analysis based on RSI indicator
    Interactive Brokers Group - RSI indicator

    • Current RSI of this stock is 66.73, which indicates the strength of buyers.

  • Interactive Brokers Group (NASDAQ: IBKR) - MACD Indicator

    Interactive Brokers Group stock analysis based on MACD indicator
    Interactive Brokers Group - MACD indicator

    • MACD line has just crossed the signal line from the below, generates bullish signal.

  • Interactive Brokers Group (NASDAQ: IBKR) - EMA Crossover

    Interactive Brokers Group stock analysis based on EMA Crossover
    Interactive Brokers Group - EMA Crossover

    • The short length exponential moving average (10 EMA) has crossed the long length exponential moving average (20 EMA) from the below, generates bullish signal. Last day’s candle has closed above all these moving averages. This suggests buyers are taking interest in this stock.

  • Conclusion - Interactive Brokers Group (NASDAQ: IBKR) Stock Price Forecast

    Based on our short term trading plan in US stocks, Interactive Brokers Group stock price target will be USD 137 - USD 139 in the next 12-14 trading sessions.

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    Target hit. Trade closed.

    NASDAQ: IBKR

    18 Sep 2024
    25 Sep 2024
    30 Sep 2024
    9 days
    Loss per
    100,000 SAR
    Stop-loss
    126
    Buy Advice
    18 Sep 2024
    129 – 131
    Target 1
    25 Sep 2024
    137
    Target 2
    30 Sep 2024
    139
    Profit per
    100,000 SAR
    9 days
    7,502
    126
    129 – 131
    137
    139
    7,502
    18 Sep 2024
    25 Sep 2024
    30 Sep 2024
    9 days
    Loss per
    100,000 SAR
    Stop-loss
    126
    Buy Advice
    18 Sep 2024
    129 – 131
    Target 1
    25 Sep 2024
    137
    Target 2
    30 Sep 2024
    139
    Profit per
    100,000 SAR
    9 days
    7,502
    126
    129 – 131
    137
    139
    7,502
  • Buy
  • Buy
    Range
  • Target
  • Stoploss
  • Upside
    Potential
  • Trade
    Duration
  • Interactive Brokers Group
  • 129 – 131
  • 137 – 139
  • Below 126
  • 5% – 6%
  • 12 - 14 Days
  • Buy Interactive Brokers Group
  • Buy
    Range
    129 – 131
  • Target 137 – 139
  • Stoploss Below 126
  • Upside
    Potential
    5% – 6%
  • Trade
    Duration
    12 - 14 Days
  • Buy
  • Buy
    Range
  • Target
  • Stoploss
  • Upside
    Potential
  • Trade
    Duration
  • Interactive Brokers Group
  • 129 – 131
  • 137 – 139
  • Below 126
  • 5% – 6%
  • 12 - 14 Days
  • Buy
    Interactive Brokers Group
  • Buy
    Range
    129 – 131
  • Target
    137 – 139
  • Stoploss
    Below 126
  • Upside
    Potential
    5% – 6%
  • Trade
    Duration
    12 - 14 Days
  • * Once the first target hit, reset the StopLoss at your buying price.
    * Trade durations are approximate; actual holding period may vary.

    Interactive Brokers Group (NASDAQ: IBKR) - Stock Overview

  • NASDAQ code
  • Stock Name
  • Sector
  • 52 Weeks High
  • 52 Weeks Low
  • IBKR
  • Interactive Brokers Group
  • Investment Banking
  • 130.907
  • 72.6
  • NASDAQ code IBKR
  • Stock Name Interactive Brokers Group
  • Sector Investment Banking
  • 52 Weeks High 130.907
  • 52 Weeks Low 72.6
  • Company profile

    Interactive Brokers Group, Inc. stands out as a leading automated electronic broker on a global scale. The firm specializes in the execution, clearance, and settlement of a diverse range of trades, including stocks, options, futures, foreign exchange, bonds, mutual funds, exchange-traded funds (ETFs), precious metals, and cryptocurrencies. Additionally, it provides custodial and servicing solutions for hedge funds, mutual funds, ETFs, registered investment advisors, proprietary trading groups, introducing brokers, and individual investors. The company also extends its offerings to include custody, prime brokerage, securities, and margin lending services. With a commitment to serving both institutional and individual clients, Interactive Brokers operates through electronic exchanges and market centers. Established in 1977, the company is proudly headquartered in Greenwich, Connecticut.

  • Interactive Brokers Group (NASDAQ: IBKR) vs NASDAQ  - Relative Strength Comparison

    The image compares Interactive Brokers Group's 1-year performance to NASDAQ.
    Relative Performance - Last 1 Year
    IBKR —   NASDAQ —

  • Interactive Brokers Group (NASDAQ: IBKR) - Technical Analysis (Daily)

    Interactive Brokers Group - Technical Analysis chart on Daily Price and Volume
    Interactive Brokers Group - Technical Analysis chart on Daily Price and Volume

    • The daily chart indicates that the stock price is exhibiting a general upward trend.
    • During this upward movement, the price encountered resistance near the $95 mark, subsequently entered a phase of consolidation that resulted in the formation of a Rounding Bottom pattern.
    • After breaking out, the stock price experienced a significant increase; however, it met another considerable resistance around the $129 level, lea to a subsequent decline.
    • This drop brought the price down to the $106 level, where it found support and began to recover.
    • Following a period of consolidation, the stock price ultimately developed an Inverted Head & Shoulders pattern.
    • Recently, with a new breakout, the price is poised for further upward movement.
  • Interactive Brokers Group (NASDAQ: IBKR) - RSI Indicator

    Interactive Brokers Group stock analysis based on RSI indicator
    Interactive Brokers Group - RSI indicator

    • Current RSI of this stock is 66.73, which indicates the strength of buyers.

  • Interactive Brokers Group (NASDAQ: IBKR) - MACD Indicator

    Interactive Brokers Group stock analysis based on MACD indicator
    Interactive Brokers Group - MACD indicator

    • MACD line has just crossed the signal line from the below, generates bullish signal.

  • Interactive Brokers Group (NASDAQ: IBKR) - EMA Crossover

    Interactive Brokers Group stock analysis based on EMA Crossover
    Interactive Brokers Group - EMA Crossover

    • The short length exponential moving average (10 EMA) has crossed the long length exponential moving average (20 EMA) from the below, generates bullish signal. Last day’s candle has closed above all these moving averages. This suggests buyers are taking interest in this stock.

  • Conclusion - Interactive Brokers Group (NASDAQ: IBKR) Stock Price Forecast

    Based on our short term trading plan in US stocks, Interactive Brokers Group stock price target will be USD 137 - USD 139 in the next 12-14 trading sessions.

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    Details of Arijit Banerjee

    Arijit Banerjee CMT CFTe is a seasoned expert in the financial industry, boasting decades of experience in trading, investment, and wealth management. As the founder and chief strategist of Naranj Capital, he’s built a reputation for providing insightful research analysis to guide investment decisions.

    Arijit’s credentials are impressive, holding both the Chartered Market Technician (CMT) and Certified Financial Technician (CFTe) designations. These certifications demonstrate his expertise in technical analysis and financial markets.

    Through Naranj Capital, Arijit shares his market insights and research analysis, offering actionable advice for investors. His work is featured on platforms like TradingView, where he publishes detailed analysis and recommendations.

    If you’re interested in learning more about Arijit’s work or Naranj Capital’s services, you can reach out to them directly through their website