iMD Companies, Inc. Stock Forecast
High volatility in iMD Companies, Inc. stock price on Friday which ended trading at $0.0004
(Updated on May 17, 2024)
The iMD Companies, Inc. stock price fell by -20.00% on the last day (Friday, 17th May 2024) from $0.0005 to $0.0004. During the last trading day the stock fluctuated 25.00% from a day low at $0.0004 to a day high of $0.0005. The price has risen in 4 of the last 10 days but is still down by -11.11% for this period. Volume has increased on the last day by 5 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 6 million shares were bought and sold for approximately $2.23 thousand.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.0004 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -7.07% during the next 3 months and, with a 90% probability hold a price between $0.0003 and $0.0005 at the end of this 3-month period.
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ICBU Signals & Forecast
There are few to no technical positive signals at the moment. The iMD Companies, Inc. 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 $0.0004 and $0.0005. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, May 16, 2024, and so far it has fallen -20.00%. 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). iMD Companies, Inc. gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for iMD Companies, Inc. 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.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.0001 between high and low, or 25.00%. For the last week, the stock has had daily average volatility of 22.50%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ICBU) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect iMD Companies, Inc. to open at $0.0004, and during the day (based on 14 day Average True Range), to move between $0.0003 and $0.0005, which gives a possible trading interval of +/-$0.00009041 (+/-22.60%) up or down from last closing price. If iMD Companies, Inc. takes out the full calculated possible swing range there will be an estimated 45.20% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $0.0004, some $0.00004 (10.00%) from the current price of $0.0004, our system finds the risk reward not very attractive.
Is iMD Companies, Inc. stock A Buy?
iMD Companies, Inc. holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -4.350 Sell Candidate Unchanged
Predicted Opening Price for iMD Companies, Inc. of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| $0.0004 ( 8.33%) | $0.0004 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ICBU
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0005 | 33.33 % | |
| R2 | 0.0005 | 23.78 % | ||
| R1 | 0.0005 | 17.88 % | ||
| Current price: | 0.0004 | |||
| Support | S1 | 0.0004 | -1.22 % | |
| S2 | 0.0004 | -7.12 % | ||
| S3 | 0.0003 | -16.67 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0.0005 | 12.50 % | ||
| R1 | 0.0004 | 10.00 % | ||
| Current price | 0.0004 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
FAQ
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