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AI Analysis of IEM.L
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Stronger technical forecast for Impax Environmental Markets Plc stock price after Wednesday trading.
(Updated on Mar 27, 2024)

Buy or Hold candidate since Mar 15, 2024 Gain 1.92% PDF

The Impax Environmental Markets Plc stock price gained 0.631% on the last trading day (Wednesday, 27th Mar 2024), rising from £396.50 to £399.00. During the last trading day the stock fluctuated 1.28% from a day low at £393.95 to a day high of £399.00. The price has been going up and down for this period, and there has been a 1.27% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 499 thousand more shares were traded than the day before. In total, 1 million shares were bought and sold for approximately £469.28 million.

The stock lies in the upper part of a narrow and weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at £401.58 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 4.44% during the next 3 months and, with a 90% probability hold a price between £400.56 and £419.40 at the end of this 3-month period.

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IEM.L Signals & Forecast

The Impax Environmental Markets Plc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at £395.86 and £390.76. A breakdown below any of these levels will issue sell signals. 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Thursday, March 21, 2024, and so far it has fallen -0.375%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for Impax Environmental Markets Plc stock

Impax Environmental Markets Plc finds support from accumulated volume at £393.00 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 £5.05 between high and low, or 1.28%. For the last week the stock has had daily average volatility of 1.44%.

Our recommended stop-loss: £383.44 (-3.90%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 4 days ago.)

Trading Expectations (IEM.L) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Impax Environmental Markets Plc to open at £397.32, and during the day (based on 14 day Average True Range), to move between £393.13 and £404.87, which gives a possible trading interval of +/-£5.87 (+/-1.47%) up or down from last closing price. If Impax Environmental Markets Plc takes out the full calculated possible swing range there will be an estimated 2.94% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at £399.50 (0.13%) than the support at £393.00 (1.50%), 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 Impax Environmental Markets Plc stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Impax Environmental Markets Plc stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 2.616 Buy Candidate Upgraded

Predicted Opening Price for Impax Environmental Markets Plc of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
£397.32 ( 0.422%) £399.00

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

Trading levels for IEM.L

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 402.36 0.84 %
R2 400.44 0.360 %
R1 399.25 0.0615 %
Current price: 399.00
Support S1 395.39 -0.90 %
S2 394.20 -1.20 %
S3 392.27 -1.69 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 400.50 0.376 %
R2 400.00 0.251 %
R1 399.50 0.125 %
Current price 399.00
Support S1 393.00 -1.50%
S2 379.50 -4.89%
S3 371.00 -7.02%

IEM Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Feb 15, 2024 Feb 15, 2024 Mar 15, 2024 £2.90 0.741%
2 Aug 10, 2023 Aug 10, 2023 Aug 10, 2023 £0.0170 0.0042%
3 Feb 01, 2023 Feb 09, 2023 Mar 10, 2023 £2.50 0.592%
4 Jul 28, 2022 Aug 04, 2022 Aug 26, 2022 £1.50 0.326%
5 Dec 29, 2021 Jan 06, 2022 Jan 28, 2022 £1.50 0.343%

FAQ

What is the symbol for Impax Environmental Markets Plc Stock and on which exchange is it traded?
The symbol for Impax Environmental Markets Plc is IEM.L and it is traded on the XLON (London Stock Exchange).

Should I buy or sell Impax Environmental Markets Plc Stock?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Impax Environmental Markets Plc stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

How to buy Impax Environmental Markets Plc Stock?
Impax Environmental Markets Plc Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Impax Environmental Markets Plc Stock.

What's the current price of Impax Environmental Markets Plc Stock?
As of the end of day on the 2024-03-27, the price of an Impax Environmental Markets Plc (IEM.L) share was £399.00.

What is the 52-week high and low for Impax Environmental Markets Plc Stock?
The 52-week high for Impax Environmental Markets Plc Stock is £434.52 and the 52-week low is £331.13.

What is the market capitalization of Impax Environmental Markets Plc Stock?
As of the 2024-03-27, the market capitalization of Impax Environmental Markets Plc is 1.096B.

When is the next earnings date for Impax Environmental Markets Plc?
The upcoming earnings date for Impax Environmental Markets Plc is Apr 03, 2024.
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About Impax Environmental Markets Plc

Impax Environmental Markets Plc Impax Environmental Markets plc is a closed ended equity mutual fund launched and managed by Impax Asset Management (AIFM) Limited. The fund invests in public equity markets across the globe. It seeks to invest in stocks of companies which provide, utilize, implement or advise upon technology-based systems, products or services in environmental markets, particularly of those in the alternative energy and energy efficiency, water treatment and pol... IEM.L Profile

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