Infratil Limited Stock Forecast
Infratil Limited stock price ended at $11.15 on Tuesday, after losing 0%.
(Updated on Jul 02, 2024)
No changes to the price of Infratil Limited stock on the last trading day (Tuesday, 2nd Jul 2024). During the last trading day the stock fluctuated 1.73% from a day low at $10.96 to a day high of $11.15. The price has risen in 5 of the last 10 days and is up by 2.39% over the past 2 weeks.
The stock is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Infratil Limited stock with a 90% probability to be traded between $10.54 and $11.58 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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IFT.NZ Signals & Forecast
The Infratil Limited 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 $11.03 and $10.90. 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). 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, June 27, 2024, and so far it has fallen -0.446%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while price remained unchanged. This may be an early warning, but it may also not. We still recommend that you pay attention over the next couple of days.
Support, Risk & Stop-loss for Infratil Limited stock
Infratil Limited finds support from accumulated volume at $11.08 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.190 (1.73%) between high and low. For the last week, the stock has had daily average volatility of 1.84%.
Our recommended stop-loss: $10.71 (-3.96%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 6 days ago.)
Trading Expectations (IFT.NZ) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Infratil Limited to open at $11.09, and during the day (based on 14 day Average True Range), to move between $10.89 and $11.41, which gives a possible trading interval of +/-$0.265 (+/-2.37%) up or down from last closing price. If Infratil Limited takes out the full calculated possible swing range there will be an estimated 4.75% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $11.18 (0.27%) than the support at $11.08 (0.63%), 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?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Infratil Limited stock to perform well in the short-term period.
Current score: 1.986 Buy Candidate Unchanged
Predicted Opening Price for Infratil Limited of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $11.09 ( 0.568%) | $11.15 |
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 | |
|---|---|---|
| R3 | 11.28 | 1.14% |
| R2 | 11.20 | 0.485% |
| R1 | 11.16 | 0.0829% |
| Price | 11.15 | |
| S1 | 11.01 | -1.22% |
| S2 | 10.97 | -1.62% |
| S3 | 10.90 | -2.27% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 11.31 | 1.43% |
| R2 | 11.20 | 0.448% |
| R1 | 11.18 | 0.269% |
| Price | 11.15 | |
| S1 | 11.08 | -0.628% |
| S2 | 11.00 | -1.35% |
| S3 | 10.64 | -4.57% |
IFT Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 05, 2024 | Jun 05, 2024 | Jun 25, 2024 | $0.138 | 1.25% |
| 2 | Nov 29, 2023 | Nov 29, 2023 | Dec 19, 2023 | $0.0700 | 0.701% |
| 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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