Ib plc Stock Forecast
Red day on Friday for Ib plc stock after losing 1.88%
(Updated on Apr 19, 2024)
The Ib plc stock price fell by -1.88% on the last day (Friday, 19th Apr 2024) from £149.00 to £146.20. During the last trading day the stock fluctuated 4.12% from a day low at £145.60 to a day high of £151.60. The price has been going up and down for this period, and there has been a -0.54% loss for the last 2 weeks. Volume has increased on the last day by 170 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, 494 thousand shares were bought and sold for approximately £72.26 million.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -5.05% during the next 3 months and, with a 90% probability hold a price between £134.71 and £154.36 at the end of this 3-month period.
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IBST.L Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, March 19, 2024, and so far it has risen 0.97%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Ib plc 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 £148.69 and £150.59. A break-up above any of these levels will issue buy signals. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Ib plc stock
Ib plc finds support from accumulated volume at £144.80 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved £6.00 between high and low, or 4.12%. For the last week the stock has had daily average volatility of 3.25%.
Our recommended stop-loss: £138.60 (-5.20%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 21 days ago.)
Trading Expectations (IBST.L) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect Ibstock plc to open at £147.80, and during the day (based on 14 day Average True Range), to move between £141.70 and £150.70, which gives a possible trading interval of +/-£4.50 (+/-3.08%) up or down from last closing price. If Ibstock plc takes out the full calculated possible swing range there will be an estimated 6.15% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £144.80 (0.96%) than the resistance at £149.00 (1.92%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Ibstock plc stock A Buy?
Ib plc 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: -0.991 Hold/Accumulate Unchanged
Predicted Opening Price for Ibstock plc of Monday, April 22, 2024
Fair opening price April 22, 2024 | Current price |
---|---|
£147.80 ( 1.09%) | £146.20 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IBST.L
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 153.80 | 5.20 % | |
R2 | 151.51 | 3.63 % | ||
R1 | 150.09 | 2.66 % | ||
Current price: | 146.20 | |||
Support | S1 | 145.51 | -0.473 % | |
S2 | 144.09 | -1.44 % | ||
S3 | 141.80 | -3.01 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 150.40 | 2.87 % | |
R2 | 150.00 | 2.60 % | ||
R1 | 149.00 | 1.92 % | ||
Current price | 146.20 | |||
Support | S1 | 144.80 | -0.96% | |
S2 | 0 | . | ||
S3 | 0 | . |
IBST Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | May 09, 2024 | May 09, 2024 | May 31, 2024 | £3.60 | 2.46% |
2 | Mar 08, 2023 | Apr 20, 2023 | May 12, 2023 | £5.50 | 3.33% |
3 | Jul 27, 2022 | Aug 18, 2022 | Sep 13, 2022 | £3.30 | 1.69% |
4 | Mar 09, 2022 | Apr 14, 2022 | May 13, 2022 | £5.00 | 2.75% |
5 | Aug 04, 2021 | Aug 12, 2021 | Sep 17, 2021 | £2.50 | 1.16% |
FAQ
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