iFAST Corporation Ltd. Stock Forecast

iFAST Corporation Ltd. stock upgraded from Sell Candidate to Hold/Accumulate after Friday trading session.
(Updated on May 24, 2024)

AIY.SI Signals & Forecast

There are few to no technical positive signals at the moment. The iFAST Corporation Ltd. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at S$7.05 and S$7.04. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, April 29, 2024, and so far it has fallen -8.87%. 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). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss for iFAST Corporation Ltd. stock

iFAST Corporation Ltd. finds support from accumulated volume at S$6.85 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 S$0.110 between high and low, or 1.61%. For the last week, the stock has had daily average volatility of 1.64%.

iFAST Corporation Ltd. is oversold on RSI14 (15). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.

Our recommended stop-loss: S$6.50 (-5.59%) (This stock has medium daily movements and this gives medium risk. Low RSI14 is 15 which reduces the risk some. There is a sell signal from a pivot top found 25 days ago.)

Trading Expectations (AIY.SI) For The Upcoming Trading Day Of Tuesday 28th

For the upcoming trading day on Tuesday, 28th we expect iFAST Corporation Ltd. to open at S$6.88, and during the day (based on 14 day Average True Range), to move between S$6.71 and S$7.05, which gives a possible trading interval of +/-S$0.168 (+/-2.44%) up or down from last closing price. If iFAST Corporation Ltd. takes out the full calculated possible swing range there will be an estimated 4.87% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at S$6.85 (0.44%) than the resistance at S$7.10 (3.20%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is iFAST Corporation Ltd. stock A Buy?

iFAST Corporation Ltd. 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: -0.202 Hold/Accumulate Upgraded

Predicted Opening Price for iFAST Corporation Ltd. of Tuesday, May 28, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.