Infomedia Ltd. Stock Forecast
Red day on Wednesday for Infomedia Ltd. stock after losing 2.46%
(Updated on May 15, 2024)
The Infomedia Ltd. stock price fell by -2.46% on the last day (Wednesday, 15th May 2024) from $1.63 to $1.59. During the last trading day the stock fluctuated 2.53% from a day low at $1.58 to a day high of $1.62. The price has fallen in 5 of the last 10 days and is down by -4.8% for this period. Volume has increased on the last day by 157 thousand 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, 245 thousand shares were bought and sold for approximately $387.96 thousand.
The stock lies in the lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $1.55 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 3.56% during the next 3 months and, with a 90% probability hold a price between $1.61 and $1.90 at the end of this 3-month period.
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IFM.AX Signals & Forecast
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 Infomedia Ltd. 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 $1.63 and $1.70. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, April 02, 2024, and so far it has fallen -11.94%. Further fall is indicated until a new bottom pivot has been found. Infomedia Ltd. 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".
Support, Risk & Stop-loss for Infomedia Ltd. stock
Infomedia Ltd. finds support from accumulated volume at $1.53 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 $0.0400 between high and low, or 2.53%. For the last week the stock has had daily average volatility of 2.12%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (IFM.AX) For The Upcoming Trading Day Of Thursday 16th
For the upcoming trading day on Thursday, 16th we expect Infomedia Ltd. to open at $1.60, and during the day (based on 14 day Average True Range), to move between $1.54 and $1.63, which gives a possible trading interval of +/-$0.0455 (+/-2.87%) up or down from last closing price. If Infomedia Ltd. takes out the full calculated possible swing range there will be an estimated 5.74% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $1.60 (0.95%) than the support at $1.53 (3.47%), 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 Infomedia Ltd. stock A Buy?
The Infomedia Ltd. stock holds several negative signals and despite the positive trend, we believe Infomedia Ltd. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -1.942 Sell Candidate Unchanged
Predicted Opening Price for Infomedia Ltd. of Thursday, May 16, 2024
| Fair opening price May 16, 2024 | Current price |
|---|---|
| $1.60 ( 0.631%) | $1.59 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IFM.AX
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.64 | 3.15 % | |
| R2 | 1.62 | 2.19 % | ||
| R1 | 1.61 | 1.59 % | ||
| Current price: | 1.59 | |||
| Support | S1 | 1.58 | -0.333 % | |
| S2 | 1.57 | -0.93 % | ||
| S3 | 1.56 | -1.89 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.78 | 11.99 % | |
| R2 | 1.62 | 2.21 % | ||
| R1 | 1.60 | 0.95 % | ||
| Current price | 1.59 | |||
| Support | S1 | 1.53 | -3.47% | |
| S2 | 1.53 | -3.79% | ||
| S3 | 1.49 | -5.99% |
IFM Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 26, 2024 | Feb 26, 2024 | Mar 11, 2024 | $0.0220 | 1.33% |
| 2 | Mar 02, 2023 | Mar 02, 2023 | Mar 02, 2023 | $0.0220 | 1.55% |
| 3 | Sep 02, 2022 | Sep 02, 2022 | Sep 02, 2022 | $0.0300 | 2.05% |
| 4 | Mar 03, 2022 | Mar 03, 2022 | Mar 03, 2022 | $0.0260 | 1.79% |
| 5 | Aug 30, 2021 | Aug 30, 2021 | Aug 30, 2021 | $0.0230 | 1.33% |
FAQ
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