Inception Growth Acquisition Limited Stock Forecast

Strong day for Inception Growth Acquisition Limited stock price on Tuesday rising 36.13% to $0.0893
(Updated on Jul 02, 2024)

IGTAW Signals & Forecast

A sell signal was issued from a pivot top point on Thursday, April 11, 2024, and so far it has fallen -44.19%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued. Some positive signals were issued as well, and these may have some influence on the near short-term development. The Inception Growth Acquisition Limited stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $0.0744 and $0.0787. A breakdown below any of these levels will issue sell signals.

Support, Risk & Stop-loss for Inception Growth Acquisition Limited stock

Inception Growth Acquisition Limited finds support from accumulated volume at $0.0860 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved $0.0059 between high and low, or 7.02%. For the last week the stock has had daily average volatility of 64.81%.

Our recommended stop-loss: $0.0846 (-5.26%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 54 days ago.)

Trading Expectations (IGTAW) For The Upcoming Trading Day Of Wednesday 3rd

For the upcoming trading day on Wednesday, 3rd we expect Inception Growth Acquisition Limited to open at $0.0878, and during the day (based on 14 day Average True Range), to move between $0.0607 and $0.118, which gives a possible trading interval of +/-$0.0286 (+/-32.07%) up or down from last closing price. If Inception Growth Acquisition Limited takes out the full calculated possible swing range there will be an estimated 64.15% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.0900 (0.78%) than the support at $0.0860 (3.70%), 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 Inception Growth Acquisition Limited stock A Buy?

The stock is within a very wide and falling trend and holds several negative signals that may affect the stock in the short-term. However, we believe that today's you should hold a possible buying opportunity and expect the price to be higher at the end of the 3-month period. The careful investor would await further signals. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.

Current score: 2.671 Buy Candidate Upgraded

Predicted Opening Price for Inception Growth Acquisition Limited of Wednesday, July 3, 2024

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