USA A1 Trading Advice (B) | 18-Sep-2024 | Expected Gain 5%-6%

 BUY   Interactive Brokers Group (NASDAQ: IBKR)

Interactive Brokers Group (NASDAQ: IBKR) STOCK RECOMMENDATION

Idea BUY
Buy Range 129 – 131
Target 137 – 139
StopLoss* below 126
Duration 12-14 Trading Days
Potential Returns 5% – 6%
Idea Buy Range Target StopLoss* Duration Potential Returns
BUY 129 – 131 137 – 139 below 126 12-14 Trading Days 5% – 6%

* Once the first target hit, reset the StopLoss at your buying price.

Our recommendations are authentic and transparent. Find this recommendation posted in Tradingview. Be assured such records are permanent and irreversible.

Interactive Brokers Group (NASDAQ: IBKR) STOCK OVERVIEW

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.

Stock Data
NASDAQ Symbol IBKR
Sectoral Index Investment Banking
52 Weeks High 130.907
52 Weeks Low 72.6

Interactive Brokers Group (NASDAQ: IBKR) - RELATIVE STRENGTH

IBKR-RELATIVE STRENGTH

Relative Performance - Last 1 Year

Interactive Brokers Group —     NASDAQ —

Interactive Brokers Group (NASDAQ: IBKR) - DAILY TECHNICAL ANALYSIS

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

IBKR-RSI
Interactive Brokers Group (NASDAQ: IBKR) - RSI
  • Current RSI of this stock is 66.73, which indicates the strength of buyers.

Interactive Brokers Group (NASDAQ: IBKR) - MACD

Interactive Brokers Group (NASDAQ: IBKR) - MACD
  • MACD line has just crossed the signal line from the below, generates bullish signal.

Interactive Brokers Group (NASDAQ: IBKR) - EMA Cross

Interactive Brokers Group (NASDAQ: IBKR) - EMA Cross
  • 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 dayโ€™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 stock trading advice in USA, Interactive Brokers Group stock price target will be USD 137 – USD 139 in the next 12-14 trading sessions.

Interactive Brokers Group (NASDAQ: IBKR) TRADINGVIEW POSITION UPDATE

MONEY MANAGEMENT AND TRADING RULES

1)ย  Itโ€™s advisable to enter/exit in the recommended range.
2)ย  Strictly follow the StopLoss as mentioned. Honour it.
3) ย Use trailing StopLoss to retain profits.
4)ย  Diversify trading capital into our other trading recommendations.
5)ย  Risk only the money what you can afford to lose. Hedge accordingly.

Advisor / ANALYST SUMMARY

The stock trading advice is prepared by the Naranj Capital team under the guidance ofย Arijit Banerjee, CMT, CFTe. Arijit is a veteran trader and an active investor having in-depth knowledge of financial market research, advanced technical analysis, market cycle, algorithmic trading, and portfolio management. He is a Chartered Market Technician (CMT) accredited by CMT Association USA, the global authority of Technical Analysis and also has been honored as aย Certified Financial Technician (CFTe)ย by the International Federation of Technical Analysts, USA.

Disclosure

The views expressed herein are based solely on information available publicly/internal data/other sources believed to be reliable, but is not necessarily all-inclusive and is not guaranteed as to accuracy. The recommendations provided herein is solely for informational purposes and are not intended to be and must not be taken alone as the basis for an investment/trading decision. Trading and investing are subject to market risk and the securities discussed and opinions expressed herein may not be suitable for all investors. To read the full disclosure, please click here.

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