Innofactor Plc Stock Forecast
Evaluation of Innofactor Plc stock downgraded after the last trading session.
(Updated on May 02, 2024)
The Innofactor Plc stock price fell by -0.760% on the last day (Thursday, 2nd May 2024) from 1.32€ to 1.31€. During the last trading day the stock fluctuated 2.33% from a day low at 1.29€ to a day high of 1.32€. The price has risen in 6 of the last 10 days and is up by 3.57% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -5 thousand shares and in total, 9 thousand shares were bought and sold for approximately 11.60€ thousand.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Innofactor Plc stock with a 90% probability to be traded between 1.23€ and 1.38€ at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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IFA1V.HE Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 3.98%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Innofactor Plc stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at 1.31€ and 1.31€. A break-up above any of these levels will issue buy signals. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Innofactor Plc stock
Innofactor Plc finds support from accumulated volume at 1.29€ 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 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 0.0300€ between high and low, or 2.33%. For the last week the stock has had daily average volatility of 2.09%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (IFA1V.HE) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect Innofactor Plc to open at 1.31€, and during the day (based on 14 day Average True Range), to move between 1.27€ and 1.34€, which gives a possible trading interval of +/-0.0352€ (+/-2.69%) up or down from last closing price. If Innofactor Plc takes out the full calculated possible swing range there will be an estimated 5.39% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 1.32€ (0.77%) than the support at 1.29€ (1.15%), 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 Innofactor Plc stock A Buy?
Innofactor Plc 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Sell candidate.
Current score: -1.027 Sell Candidate Downgraded
Predicted Opening Price for Innofactor Plc of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| 1.31€ ( 0%) | 1.31€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IFA1V.HE
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.34 | 2.30 % | |
| R2 | 1.32 | 1.42 % | ||
| R1 | 1.32 | 0.88 % | ||
| Current price: | 1.31 | |||
| Support | S1 | 1.29 | -0.88 % | |
| S2 | 1.29 | -1.42 % | ||
| S3 | 1.28 | -2.30 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.33 | 1.53 % | |
| R2 | 1.32 | 1.15 % | ||
| R1 | 1.32 | 0.766 % | ||
| Current price | 1.31 | |||
| Support | S1 | 1.29 | -1.15% | |
| S2 | 1.25 | -4.60% | ||
| S3 | 1.19 | -9.20% |
IFA1V Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 28, 2024 | Mar 28, 2024 | Apr 09, 2024 | 0.0700€ | 5.47% |
| 2 | Apr 04, 2023 | Apr 04, 2023 | Apr 04, 2023 | 0.0600€ | 5.04% |
| 3 | Apr 01, 2022 | Apr 01, 2022 | Apr 01, 2022 | 0.0800€ | 6.11% |
| 4 | Mar 31, 2021 | Mar 31, 2021 | Mar 31, 2021 | 0.0400€ | 2.16% |
FAQ
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