Informa Plc Stock Forecast

Red day on Friday for Informa Plc
(Updated on Jun 28, 2024)

IFJPY Signals & Forecast

The Informa Plc stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $22.00. On a fall, the stock will find some support from the long-term average at approximately $21.62. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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. A sell signal was issued from a pivot top point on Friday, June 21, 2024, and so far it has fallen -0.363%. Further fall is indicated until a new bottom pivot has been found. 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.

Support, Risk & Stop-loss for Informa Plc stock

Informa Plc finds support from accumulated volume at $21.39 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 between high and low, or 0%. For the last week the stock has had daily average volatility of 0.0635%

The Informa Plc stock is extremely overbought on RSI14 (85). This increases the short-term risk substantially.

Our recommended stop-loss: $21.22 (-3.40%) (This stock has low daily movements and this gives low risk. The RSI14 is 85 and this increases the risk substantially. There is a sell signal from a pivot top found 6 days ago.)

Trading Expectations (IFJPY) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Informa Plc to open at $21.97, and during the day (based on 14 day Average True Range), to move between $21.83 and $22.11, which gives a possible trading interval of +/-$0.141 (+/-0.64%) up or down from last closing price. If Informa Plc takes out the full calculated possible swing range there will be an estimated 1.29% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $22.03 (0.27%) than the support at $21.39 (2.64%), 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 Informa Plc stock A Buy?

Informa Plc 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: 0.000 Hold/Accumulate Unchanged

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for Informa Plc of Monday, July 1, 2024

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