i3 Energy Plc Stock Forecast
i3 Energy Plc stock upgraded from Strong Sell Candidate to Sell Candidate after Wednesday trading session.
(Updated on May 01, 2024)
The i3 Energy Plc stock price fell by -1.65% on the last day (Wednesday, 1st May 2024) from £10.90 to £10.72. During the last trading day the stock fluctuated 9.13% from a day low at £10.52 to a day high of £11.48. The price has fallen in 6 of the last 10 days and is down by -11.84% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -832 thousand shares and in total, 3 million shares were bought and sold for approximately £34.56 million.
Given the current short-term trend, the stock is expected to rise 42.64% during the next 3 months and, with a 90% probability hold a price between £15.29 and £19.15 at the end of this 3-month period.
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I3E.L Signals & Forecast
There are few to no technical positive signals at the moment. The i3 Energy Plc 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 £11.38 and £11.07. 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 19, 2024, and so far it has fallen -16.90%. 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 i3 Energy Plc stock
On the downside, the stock finds support just below today's level from accumulated volume at £9.32 and £9.00. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, i3 Energy Plc finds support just below today's level at £9.32. If this is broken, then the next support from accumulated volume will be at £9.00 and £8.89.
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 £0.96 between high and low, or 9.13%. For the last week, the stock has had daily average volatility of 8.62%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (I3E.L) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect i3 Energy Plc to open at £10.91, and during the day (based on 14 day Average True Range), to move between £9.97 and £11.47, which gives a possible trading interval of +/-£0.752 (+/-7.02%) up or down from last closing price. If i3 Energy Plc takes out the full calculated possible swing range there will be an estimated 14.03% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £11.00 (2.61%) than the support at £9.32 (13.06%), 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.
Is i3 Energy Plc stock A Buy?
The i3 Energy Plc stock holds several negative signals and despite the positive trend, we believe i3 Energy Plc will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -4.194 Sell Candidate Upgraded
Predicted Opening Price for i3 Energy Plc of Thursday, May 2, 2024
Fair opening price May 2, 2024 | Current price |
---|---|
£10.91 ( 1.74%) | £10.72 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for I3E.L
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 11.87 | 10.70 % | |
R2 | 11.50 | 7.28 % | ||
R1 | 11.27 | 5.16 % | ||
Current price: | 10.72 | |||
Support | S1 | 10.54 | -1.68 % | |
S2 | 10.31 | -3.79 % | ||
S3 | 9.95 | -7.21 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 12.16 | 13.43 % | |
R2 | 11.10 | 3.54 % | ||
R1 | 11.00 | 2.61 % | ||
Current price | 10.72 | |||
Support | S1 | 9.32 | -13.06% | |
S2 | 9.00 | -16.04% | ||
S3 | 8.89 | -17.07% |
I3E Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Apr 11, 2024 | Apr 11, 2024 | May 03, 2024 | £0.257 | 2.39% |
2 | Jan 18, 2024 | Jan 18, 2024 | Feb 09, 2024 | £0.0026 | 0.0286% |
3 | Oct 12, 2023 | Oct 12, 2023 | Oct 12, 2023 | £0.257 | 1.95% |
4 | May 25, 2023 | May 25, 2023 | May 25, 2023 | £0.171 | 0.93% |
5 | Apr 20, 2023 | Apr 20, 2023 | Apr 20, 2023 | £0.171 | 0.87% |
FAQ
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