Inspiration Healthcare Group Plc Stock Forecast
Big movements in Inspiration Healthcare Group Plc stock price on Wednesday moving 31.66% between high and low
(Updated on Jun 26, 2024)
The Inspiration Healthcare Group Plc stock price fell by -28.57% on the last day (Wednesday, 26th Jun 2024) from £24.50 to £17.50. It has now fallen 5 days in a row. During the last trading day the stock fluctuated 31.66% from a day low at £15.95 to a day high of £21.00. The price has fallen in 5 of the last 10 days and is down by -14.63% for this period. Volume has increased on the last day by 539 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, 630 thousand shares were bought and sold for approximately £11.02 million.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -27.03% during the next 3 months and, with a 90% probability hold a price between £8.03 and £19.11 at the end of this 3-month period.
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IHC.L 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 Inspiration Healthcare Group Plc 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 £24.75 and £19.46. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, June 19, 2024, and so far it has fallen -35.19%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Inspiration Healthcare Group Plc stock
Inspiration Healthcare Group Plc finds support from accumulated volume at £17.00 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 a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved £5.05 between high and low, or 31.66%. For the last week, the stock has had daily average volatility of 10.16%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (IHC.L) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Inspiration Healthcare Group Plc to open at £18.15, and during the day (based on 14 day Average True Range), to move between £15.43 and £19.57, which gives a possible trading interval of +/-£2.07 (+/-11.85%) up or down from last closing price. If Inspiration Healthcare Group Plc takes out the full calculated possible swing range there will be an estimated 23.69% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £17.00 (2.86%) than the resistance at £19.03 (8.71%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Inspiration Healthcare Group Plc stock A Buy?
Inspiration Healthcare Group Plc holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Sell candidate.
Current score: -5.765 Strong Sell Candidate Downgraded
Predicted Opening Price for Inspiration Healthcare Group Plc of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| £18.15 ( 3.71%) | £17.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IHC.L
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 23.20 | 32.57% |
| R2 | 21.27 | 21.55% |
| R1 | 20.08 | 14.74% |
| Price | 17.50 | |
| S1 | 16.22 | -7.31% |
| S2 | 15.03 | -14.12% |
| S3 | 13.10 | -25.14% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 20.50 | 17.14% |
| R2 | 20.00 | 14.29% |
| R1 | 19.03 | 8.71% |
| Price | 17.50 | |
| S1 | 17.00 | -2.86% |
| S2 | 16.75 | -4.29% |
| S3 | 16.10 | -8.00% |
IHC Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Nov 23, 2023 | Nov 23, 2023 | Dec 22, 2023 | £0.205 | 0.513% |
| 2 | Jun 29, 2023 | Jun 29, 2023 | Jun 29, 2023 | £0.410 | 0.752% |
| 3 | Oct 04, 2022 | Nov 24, 2022 | Dec 28, 2022 | £0.205 | 0.339% |
| 4 | May 04, 2022 | Jun 30, 2022 | Jul 29, 2022 | £0.410 | 0.488% |
| 5 | Oct 05, 2021 | Nov 25, 2021 | Dec 29, 2021 | £0.205 | 0.171% |
FAQ
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