Impact Healthcare REIT PLC Stock Forecast
Impact Healthcare REIT PLC stock price up 1.20% on Thursday
(Updated on Apr 18, 2024)
The Impact Healthcare REIT PLC stock price gained 1.20% on the last trading day (Thursday, 18th Apr 2024), rising from £83.00 to £84.00. During the last trading day the stock fluctuated 1.82% from a day low at £82.50 to a day high of £84.00. The price has been going up and down for this period, and there has been a -0.12% loss for the last 2 weeks. Volume fell on the last day by -127 thousand shares and in total, 563 thousand shares were bought and sold for approximately £47.30 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stockis at the upper part of a horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at £85.33 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Impact Healthcare REIT PLC stock with a 90% probability to be traded between £77.52 and £84.49 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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IHR.L Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Thursday, April 11, 2024, and so far it has fallen -1.64%. 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). The Impact Healthcare REIT PLC 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 £83.87 and £82.80. A breakdown below any of these levels will issue sell signals. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. The stock had a Golden Star Signal on Monday, March 18, 2024 in the short-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star
The stock had a Golden Star Signal on Monday, March 18, 2024 in the short-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Impact Healthcare REIT PLC stock
Impact Healthcare REIT PLC finds support from accumulated volume at £83.60 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 £1.50 between high and low, or 1.82%. For the last week the stock has had daily average volatility of 2.86%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (IHR.L) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Impact Healthcare REIT PLC to open at £83.50, and during the day (based on 14 day Average True Range), to move between £81.97 and £86.03, which gives a possible trading interval of +/-£2.03 (+/-2.42%) up or down from last closing price. If Impact Healthcare REIT PLC takes out the full calculated possible swing range there will be an estimated 4.84% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £84.20 (0.24%) than the support at £83.60 (0.48%), 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 Impact Healthcare REIT PLC stock A Buy?
Impact Healthcare REIT PLC holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -1.592 Sell Candidate Unchanged
Predicted Opening Price for Impact Healthcare REIT PLC of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| £83.50 ( 0.595%) | £84.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IHR.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 85.00 | 1.19 % | |
| R2 | 84.43 | 0.508 % | ||
| R1 | 84.07 | 0.0869 % | ||
| Current price: | 84.00 | |||
| Support | S1 | 82.93 | -1.28 % | |
| S2 | 82.57 | -1.70 % | ||
| S3 | 82.00 | -2.38 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 85.80 | 2.14 % | |
| R2 | 84.50 | 0.595 % | ||
| R1 | 84.20 | 0.238 % | ||
| Current price | 84.00 | |||
| Support | S1 | 83.60 | -0.476% | |
| S2 | 81.00 | -3.57% | ||
| S3 | 80.90 | -3.69% |
IHR Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 08, 2024 | Feb 08, 2024 | Feb 23, 2024 | £1.69 | 2.05% |
| 2 | Nov 02, 2023 | Nov 02, 2023 | Nov 02, 2023 | £0.0169 | 0.0192% |
| 3 | May 04, 2023 | May 04, 2023 | May 04, 2023 | £1.69 | 1.76% |
| 4 | Jan 31, 2023 | Feb 09, 2023 | Feb 24, 2023 | £1.64 | 1.64% |
| 5 | Oct 21, 2022 | Nov 03, 2022 | Nov 25, 2022 | £1.64 | 1.57% |
FAQ
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