IDP Education Limited Stock Forecast
IDP Education Limited stock price up 4.35% on Tuesday
(Updated on May 21, 2024)
The IDP Education Limited stock price gained 4.35% on the last trading day (Tuesday, 21st May 2024), rising from $16.54 to $17.26. During the last trading day the stock fluctuated 4.80% from a day low at $16.47 to a day high of $17.26. The price has fallen in 7 of the last 10 days but is still up by 3.85% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 1 million more shares were traded than the day before. In total, 3 million shares were bought and sold for approximately $44.95 million.
Given the current short-term trend, the stock is expected to fall -17.16% during the next 3 months and, with a 90% probability hold a price between $12.91 and $14.30 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.
IEL.AX Signals & Forecast
The IDP Education Limited stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $16.43 and $16.48. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, May 14, 2024, and so far it has risen 8.69%. 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). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for IDP Education Limited stock
IDP Education Limited finds support from accumulated volume at $17.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.790 between high and low, or 4.80%. For the last week the stock has had daily average volatility of 5.16%.
Our recommended stop-loss: $16.61 (-3.74%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 46 days ago.)
Trading Expectations (IEL.AX) For The Upcoming Trading Day Of Wednesday 22nd
For the upcoming trading day on Wednesday, 22nd we expect IDP Education Limited to open at $17.00, and during the day (based on 14 day Average True Range), to move between $16.62 and $17.90, which gives a possible trading interval of +/-$0.642 (+/-3.72%) up or down from last closing price. If IDP Education Limited takes out the full calculated possible swing range there will be an estimated 7.44% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $17.00 (1.51%) than the resistance at $18.55 (7.47%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is IDP Education Limited stock A Buy?
IDP Education Limited holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.731 Hold/Accumulate Unchanged
Predicted Opening Price for IDP Education Limited of Wednesday, May 22, 2024
| Fair opening price May 22, 2024 | Current price |
|---|---|
| $17.00 ( 1.53%) | $17.26 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IEL.AX
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 17.79 | 3.05 % | |
| R2 | 17.48 | 1.30 % | ||
| R1 | 17.30 | 0.223 % | ||
| Current price: | 17.26 | |||
| Support | S1 | 16.69 | -3.27 % | |
| S2 | 16.51 | -4.35 % | ||
| S3 | 16.21 | -6.10 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 19.06 | 10.43 % | |
| R2 | 18.76 | 8.69 % | ||
| R1 | 18.55 | 7.47 % | ||
| Current price | 17.26 | |||
| Support | S1 | 17.00 | -1.51% | |
| S2 | 16.25 | -5.85% | ||
| S3 | 16.10 | -6.72% |
IEL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 07, 2024 | Mar 07, 2024 | Mar 27, 2024 | $0.250 | 1.42% |
| 2 | Mar 09, 2023 | Mar 09, 2023 | Mar 09, 2023 | $0.210 | 0.740% |
| 3 | Sep 07, 2022 | Sep 07, 2022 | Sep 07, 2022 | $0.135 | 0.489% |
| 4 | Mar 03, 2022 | Mar 03, 2022 | Mar 03, 2022 | $0.135 | 0.479% |
| 5 | Mar 04, 2021 | Mar 04, 2021 | Mar 04, 2021 | $0.0800 | 0.332% |
FAQ
Click here for our free guide on how to buy IDP Education Limited Stock.
