Ideal Power Inc. Stock Forecast
Ideal Power Inc. stock downgraded from Sell Candidate to Strong Sell Candidate after Thursday trading session.
(Updated on Apr 25, 2024)
The Ideal Power Inc. stock price gained 0.402% on the last trading day (Thursday, 25th Apr 2024), rising from $7.47 to $7.50. During the last trading day the stock fluctuated 7.04% from a day low at $7.32 to a day high of $7.84. The price has fallen in 6 of the last 10 days and is down by -7.86% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 17 thousand more shares were traded than the day before. In total, 24 thousand shares were bought and sold for approximately $177.10 thousand.
The stock is at the lower part of a very wide and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $6.77 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Ideal Power Inc. stock with a 90% probability to be traded between $6.74 and $13.31 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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IPWR Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Ideal Power Inc. has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Ideal Power Inc. stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $9.18. On a fall, the stock will find some support from the short-term average at $7.46. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Thursday, March 07, 2024, and so far it has fallen -43.95%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Ideal Power Inc. stock
Ideal Power Inc. finds support from accumulated volume at $7.25 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 $0.515 between high and low, or 7.04%. For the last week, the stock has had daily average volatility of 6.45%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (IPWR) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Ideal Power Inc. to open at $7.55, and during the day (based on 14 day Average True Range), to move between $6.85 and $8.15, which gives a possible trading interval of +/-$0.654 (+/-8.72%) up or down from last closing price. If Ideal Power Inc. takes out the full calculated possible swing range there will be an estimated 17.44% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $7.70 (2.67%) than the support at $7.25 (3.33%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Earnings coming up
Ideal Power Inc. will release earnings BMO on Thursday, May 02, 2024.The consensus among the analysts for the expected earnings (EPS) is -$0.410. We will update the financials statements for Ideal Power Inc., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 11.26% in the first trading day after earnings release.
Is Ideal Power Inc. stock A Buy?
Ideal Power Inc. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Sell candidate.
Current score: -5.333 Strong Sell Candidate Downgraded
Predicted Opening Price for Ideal Power Inc. of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $7.55 ( 0.689%) | $7.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IPWR
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 8.07 | 7.56 % | |
| R2 | 7.87 | 4.93 % | ||
| R1 | 7.75 | 3.31 % | ||
| Current price: | 7.50 | |||
| Support | S1 | 7.35 | -1.93 % | |
| S2 | 7.23 | -3.55 % | ||
| S3 | 7.04 | -6.18 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 8.86 | 18.13 % | |
| R2 | 7.75 | 3.33 % | ||
| R1 | 7.70 | 2.67 % | ||
| Current price | 7.50 | |||
| Support | S1 | 7.25 | -3.33% | |
| S2 | 7.22 | -3.73% | ||
| S3 | 6.95 | -7.33% |
FAQ
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