Intrepid Potash Inc Stock Forecast
Red day on Thursday for Intrepid Potash Inc
(Updated on Apr 25, 2024)
The Intrepid Potash Inc stock price fell by -0.659% on the last day (Thursday, 25th Apr 2024) from $19.73 to $19.60. During the last trading day the stock fluctuated 1.60% from a day low at $19.34 to a day high of $19.65. The price has been going up and down for this period, and there has been a -6.35% loss for the last 2 weeks. Volume has increased on the last day by 10 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 67 thousand shares were bought and sold for approximately $1.31 million.
The stock lies in the lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $18.96 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 4.38% during the next 3 months and, with a 90% probability hold a price between $19.79 and $24.20 at the end of this 3-month period.
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IPI Signals & Forecast
There are few to no technical positive signals at the moment. The Intrepid Potash Inc stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $19.61 and $20.03. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, April 05, 2024, and so far it has fallen -8.71%. 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). Intrepid Potash Inc gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
Support, Risk & Stop-loss for Intrepid Potash Inc stock
Intrepid Potash Inc finds support from accumulated volume at $19.37 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 $0.310 between high and low, or 1.60%. For the last week, the stock has had daily average volatility of 2.06%.
Our recommended stop-loss: $18.72 (-4.49%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 14 days ago.)
Trading Expectations (IPI) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Intrepid Potash Inc to open at $19.53, and during the day (based on 14 day Average True Range), to move between $18.95 and $20.25, which gives a possible trading interval of +/-$0.649 (+/-3.31%) up or down from last closing price. If Intrepid Potash Inc takes out the full calculated possible swing range there will be an estimated 6.63% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $19.37 (1.17%) than the resistance at $19.98 (1.94%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Intrepid Potash Inc will release earnings BMO on Wednesday, May 01, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.0400. We will update the financials statements for Intrepid Potash Inc, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 9.45% in the first trading day after earnings release.
Is Intrepid Potash Inc stock A Buy?
Intrepid Potash Inc holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.140 Hold/Accumulate Unchanged
Predicted Opening Price for Intrepid Potash Inc of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $19.53 ( 0.357%) | $19.60 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IPI
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 19.84 | 1.22 % | |
| R2 | 19.72 | 0.620 % | ||
| R1 | 19.65 | 0.247 % | ||
| Current price: | 19.60 | |||
| Support | S1 | 19.41 | -0.96 % | |
| S2 | 19.34 | -1.33 % | ||
| S3 | 19.22 | -1.94 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 22.65 | 15.56 % | |
| R2 | 20.21 | 3.11 % | ||
| R1 | 19.98 | 1.94 % | ||
| Current price | 19.60 | |||
| Support | S1 | 19.37 | -1.17% | |
| S2 | 19.05 | -2.81% | ||
| S3 | 18.62 | -5.00% |
IPI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 04, 2012 | Dec 13, 2012 | Aug 14, 2020 | $7.50 | 57.12% |
FAQ
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