Best risk/reward improves on either (1) a pullback toward ~24.81 (pivot) or (2) a clean breakout and hold above ~25.45–25.85 with confirmation.
Technical Analysis
Trend: Bullish structure with SMA_5 > SMA_20 > SMA_200, indicating a sustained uptrend.
Momentum: MACD histogram +0.107 and expanding → bullish momentum is building.
Overbought/heat: RSI_6 = 73.54 (elevated) → near-term upside may be limited and prone to a quick pullback.
Levels: Pivot 24.81; Resistance R1 25.451 and R2 25.848; Support S1 24.168.
Price context: Close 25.38 is sitting just below R1, implying near-term upside is fighting overhead resistance.
Options Data
Bullish
Open Interest Put-Call Ratio
Bullish
Option Volume Put-Call Ratio
Positioning: Put/Call OI ratio 0.46 suggests relatively more call positioning (mildly bullish sentiment).
Activity: Total option volume is small (calls 26, puts 0) despite volume vs 30D avg being high; sentiment read is directionally bullish but based on thin trading.
Volatility: IV 30D ~50.84% vs historical vol ~20.85% → options are pricing elevated uncertainty (likely earnings-related), which often coincides with choppier price action.
IV metrics: IV percentile ~47 and IV rank ~18 → elevated vs realized vol, but not at extreme historical highs.
Technical Summary
Sell
4
Buy
9
Positive Catalysts
can act as a catalyst if results/guide surprise to the upside.
Overall: Mixed-to-soft growth trend (stable EPS, but declining revenue and net income).
Growth
Profitability
Efficiency
Analyst Ratings and Price Target Trends
No analyst rating changes or price target updates were provided in the dataset.
Wall Street pros/cons view based on available data only:
Pros: technically strong uptrend; earnings event ahead could re-rate the stock.
Cons: recent YoY revenue/net income decline and no recent positive news catalysts; entry is near resistance with short-term momentum stretched.
Wall Street analysts forecast IGIC stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for IGIC is 28 USD with a low forecast of 28 USD and a high forecast of 28 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
1 Analyst Rating
Wall Street analysts forecast IGIC stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for IGIC is 28 USD with a low forecast of 28 USD and a high forecast of 28 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
