How did IBEX's Q3 2025 forecast compare to past trends?

IBEX's Q3 2025 forecast indicates a bearish trend, which is inconsistent with the past bullish trend observed over the same period last year. Here's a detailed comparison:

1. **Current Trend**: The forecast for Q3 2025 is bearish, suggesting a reversal from the recent bullish trend. The current trend is described as "Between Narrow Resistance Level And Wide Resistance Level," whereas the previous trend was "Between Narrow Support Level And Wide Support Level." This indicates a shift from a period of support-based stability to a resistance-based decline.
2. **Historical Context**: Last year, IBEX experienced a bullish trend from August to September 2024, with a peak closing price of $27.95. This was followed by a slight dip in October 2024 but then recovered to reach a high of $24.98 by March 2025. The forecast for Q3 2025 does not reflect this historical momentum.

|code|Ticker|Name|Date|Closing Price|market_code|
|---|---|---|---|---|---|
|IBEX|IBEX.O|IBEX|20200807|15.4|185|
|IBEX|IBEX.O|IBEX|20200810|17.15|185|
|IBEX|IBEX.O|IBEX|20200811|15.6|185|
|IBEX|IBEX.O|IBEX|20200812|15.2|185|
|IBEX|IBEX.O|IBEX|20200813|15.1|185|
|IBEX|IBEX.O|IBEX|20200814|14.66|185|
|IBEX|IBEX.O|IBEX|20200817|16.03|185|
|IBEX|IBEX.O|IBEX|20200818|16.8|185|
|IBEX|IBEX.O|IBEX|20200819|17|185|
|IBEX|IBEX.O|IBEX|20200820|16.1|185|

3. **Probability of Continuation**: The continuation probability for the current trend is 44%, with a clearer trend expected for the next 6 days. This implies that while there is a chance the bearish trend could persist, there is also a significant probability of a reversal in the near term.
4. **Support and Resistance Levels**: The narrow resistance level for Q3 2025 is $25.46, and the narrow support level is $24.44. The current price is positioned between these levels, which suggests that the bearish trend could gain strength as it approaches the resistance level.
5. **Forecast Advice**: The forecast advises selling, with a historical win rate of 66.13% for this type of forecast. This indicates that the forecast has a strong track record of accuracy, making it a reliable indicator for investors to consider.

In conclusion, the Q3 2025 forecast for IBEX represents a significant shift from the recent past, with a bearish trend expected despite the previous bullish momentum. Investors should consider the forecast as a bearish signal, with the potential for further declines towards the resistance level of $25.46.