Itissalat Al-Maghrib (IAM) S.A. Stock Forecast
Red day on Tuesday for Itissalat Al-Maghrib (IAM) S.A.
(Updated on May 21, 2024)
No changes to the price of Itissalat Al-Maghrib (IAM) S.A. stock on the last trading day (Tuesday, 21st May 2024). During the last trading day the stock fluctuated 1.25% from a day low at 8.00€ to a day high of 8.10€. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks.
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 -15.05% during the next 3 months and, with a 90% probability hold a price between 6.44€ and 7.18€ at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
IAM.PA Signals & Forecast
There are mixed signals in the stock today. The Itissalat Al-Maghrib (IAM) S.A. 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 8.00€ and 8.27€. A break-up above any of these levels will issue buy signals. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued. A buy signal was issued from a pivot bottom point on Thursday, April 25, 2024, and so far it has fallen 0%. 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).
Support, Risk & Stop-loss for Itissalat Al-Maghrib (IAM) S.A. stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved 0.1000€ between high and low, or 1.25%. For the last week the stock has had daily average volatility of 0.376%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (IAM.PA) For The Upcoming Trading Day Of Wednesday 22nd
For the upcoming trading day on Wednesday, 22nd we expect Itissalat Al-Maghrib (IAM) S.A. to open at 8.03€, and during the day (based on 14 day Average True Range), to move between 7.92€ and 8.08€, which gives a possible trading interval of +/-0.0762€ (+/-0.95%) up or down from last closing price. If Itissalat Al-Maghrib (IAM) S.A. takes out the full calculated possible swing range there will be an estimated 1.90% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ 8.15€, some 0.150€ (1.88%) from the current price of 8.00€, our system finds the risk reward not very attractive.
Is Itissalat Al-Maghrib (IAM) S.A. stock A Buy?
Itissalat Al-Maghrib (IAM) S.A. 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.
Current score: -1.648 Sell Candidate Unchanged
Predicted Opening Price for Itissalat Al-Maghrib (IAM) S.A. of Wednesday, May 22, 2024
| Fair opening price May 22, 2024 | Current price |
|---|---|
| 8.03€ ( 0.417%) | 8.00€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IAM.PA
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 8.13 | 1.67 % | |
| R2 | 8.10 | 1.19 % | ||
| R1 | 8.07 | 0.89 % | ||
| Current price: | 8.00 | |||
| Support | S1 | 8.00 | -0.0608 % | |
| S2 | 7.97 | -0.356 % | ||
| S3 | 7.93 | -0.83 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 9.00 | 12.50 % | |
| R2 | 8.95 | 11.88 % | ||
| R1 | 8.15 | 1.88 % | ||
| Current price | 8.00 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
IAM Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 23, 2024 | May 23, 2024 | Jun 03, 2024 | 0.383€ | 4.79% |
| 2 | Sep 02, 2022 | Sep 02, 2022 | Sep 02, 2022 | 4.78€ | 41.39% |
| 3 | Sep 02, 2021 | Sep 02, 2021 | Sep 02, 2021 | 4.01€ | 30.49% |
| 4 | Feb 17, 2020 | Aug 03, 2020 | Aug 12, 2020 | 5.54€ | 44.68% |
| 5 | Feb 17, 2020 | Jul 28, 2020 | Aug 12, 2020 | 5.54€ | 44.68% |
FAQ
Click here for our free guide on how to buy Itissalat Al-Maghrib (IAM) S.A. Stock.
