Ironbark Capital Ltd- Fund Forecast

Red day on Friday for Ironbark Capital Ltd- fund after losing 0%
(Updated on Jun 28, 2024)

IBC.AX Signals & Forecast

There are mixed signals in the fund today. The Ironbark Capital Ltd- fund 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 A$0.441 and A$0.445. 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, June 27, 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 Ironbark Capital Ltd- fund

There is no support from accumulated volume below today's level and given the right condition the fund may perform very badly in the next couple of days.

In general the fund 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 fund During the last day, the fund moved A$0.0200 between high and low, or 4.65%. For the last week the fund has had daily average volatility of 2.54%

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (IBC.AX) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Ironbark Capital Ltd-fund to open at A$0.437, and during the day (based on 14 day Average True Range), to move between A$0.424 and A$0.436, which gives a possible trading interval of +/-A$0.0065 (+/-1.51%) up or down from last closing price. If Ironbark Capital Ltd-fund takes out the full calculated possible swing range there will be an estimated 3.02% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ A$0.435, some A$0.0050 (1.16%) from the current price of A$0.430, our system finds the risk reward not very attractive.

Is Ironbark Capital Ltd-fund fund A Buy?

Ironbark Capital Ltd- 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 fund.

Current score: -2.808 Sell Candidate Unchanged

Predicted Opening Price for Ironbark Capital Ltd-fund of Monday, July 1, 2024

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