Infratil Limited Stock Forecast
Red day on Tuesday for Infratil Limited stock after losing 0.553%
(Updated on May 28, 2024)
The Infratil Limited stock price fell by -0.553% on the last day (Tuesday, 28th May 2024) from $10.85 to $10.79. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 1.58% from a day low at $10.79 to a day high of $10.96. The price has risen in 6 of the last 10 days and is up by 4.35% 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 -544 thousand shares and in total, 263 thousand shares were bought and sold for approximately $2.84 million.
The stock lies in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 3.40% during the next 3 months and, with a 90% probability hold a price between $10.76 and $11.67 at the end of this 3-month period.
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IFT.NZ Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, May 21, 2024, and so far it has risen 0.84%. 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 Infratil Limited 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 $10.91 and $10.84. A break-up above any of these levels will issue buy signals. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Infratil Limited stock
Infratil Limited finds support from accumulated volume at $10.70 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 $0.170 between high and low, or 1.58%. For the last week the stock has had daily average volatility of 1.72%.
Our recommended stop-loss: $10.17 (-5.78%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 6 days ago.)
Trading Expectations (IFT.NZ) For The Upcoming Trading Day Of Wednesday 29th
For the upcoming trading day on Wednesday, 29th we expect Infratil Limited to open at $10.85, and during the day (based on 14 day Average True Range), to move between $10.57 and $11.01, which gives a possible trading interval of +/-$0.218 (+/-2.02%) up or down from last closing price. If Infratil Limited takes out the full calculated possible swing range there will be an estimated 4.05% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $10.81 (0.19%) than the support at $10.70 (0.83%), 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 Infratil Limited stock A Buy?
Infratil 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: -0.595 Hold/Accumulate Unchanged
Predicted Opening Price for Infratil Limited of Wednesday, May 29, 2024
| Fair opening price May 29, 2024 | Current price |
|---|---|
| $10.85 ( 0.525%) | $10.79 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IFT.NZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 11.02 | 2.10 % | |
| R2 | 10.95 | 1.50 % | ||
| R1 | 10.91 | 1.13 % | ||
| Current price: | 10.79 | |||
| Support | S1 | 10.78 | -0.0767 % | |
| S2 | 10.74 | -0.449 % | ||
| S3 | 10.68 | -1.05 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 10.95 | 1.48 % | |
| R2 | 10.89 | 0.93 % | ||
| R1 | 10.81 | 0.185 % | ||
| Current price | 10.79 | |||
| Support | S1 | 10.70 | -0.83% | |
| S2 | 10.58 | -1.95% | ||
| S3 | 10.50 | -2.69% |
IFT Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 05, 2024 | Jun 05, 2024 | Jun 25, 2024 | $0.138 | 1.28% |
| 2 | Nov 29, 2023 | Nov 29, 2023 | Nov 29, 2023 | $0 | 0% |
| 3 | May 29, 2023 | May 29, 2023 | May 29, 2023 | $0.125 | 1.25% |
| 4 | Nov 29, 2022 | Nov 29, 2022 | Nov 29, 2022 | $0.0675 | 0.764% |
| 5 | May 31, 2022 | May 31, 2022 | May 31, 2022 | $0.120 | 1.55% |
FAQ
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