i3 Verticals Inc. Class A Stock Forecast
i3 Verticals Inc. Class A stock price ended at $22.40 on Friday, after gaining 0.629%.
(Updated on May 03, 2024)
The i3 Verticals Inc. Class A stock price gained 0.629% on the last trading day (Friday, 3rd May 2024), rising from $22.26 to $22.40. During the last trading day the stock fluctuated 1.70% from a day low at $22.36 to a day high of $22.74. The price has been going up and down for this period, and there has been a 0.31% gain for the last 2 weeks. Volume fell on the last day by -6 thousand shares and in total, 120 thousand shares were bought and sold for approximately $2.69 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 stock lies in the middle of a wide and strong 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 16.29% during the next 3 months and, with a 90% probability hold a price between $25.37 and $28.70 at the end of this 3-month period.
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IIIV Signals & Forecast
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. Some negative signals were issued as well, and these may have some influence on the near short-term development. The i3 Verticals Inc. Class A 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 $22.71 and $22.64. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, April 11, 2024, and so far it has fallen -5.84%. 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).
Support, Risk & Stop-loss for i3 Verticals Inc. Class A stock
i3 Verticals Inc. Class A finds support from accumulated volume at $22.35 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 $0.380 (1.70%) between high and low. For the last week, the stock has had daily average volatility of 2.28%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (IIIV) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect i3 Verticals Inc. Class A to open at $22.50, and during the day (based on 14 day Average True Range), to move between $21.77 and $23.03, which gives a possible trading interval of +/-$0.625 (+/-2.79%) up or down from last closing price. If i3 Verticals Inc. Class A takes out the full calculated possible swing range there will be an estimated 5.58% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $22.35 (0.22%) than the resistance at $22.47 (0.31%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is i3 Verticals Inc. Class A stock A Buy?
The i3 Verticals Inc. Class A stock holds several negative signals and despite the positive trend, we believe i3 Verticals Inc. Class A will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -3.424 Sell Candidate Unchanged
Predicted Opening Price for i3 Verticals Inc. Class A of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $22.50 ( 0.446%) | $22.40 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IIIV
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 22.88 | 2.14 % | |
| R2 | 22.73 | 1.49 % | ||
| R1 | 22.65 | 1.09 % | ||
| Current price: | 22.40 | |||
| Support | S1 | 22.35 | -0.202 % | |
| S2 | 22.27 | -0.602 % | ||
| S3 | 22.12 | -1.25 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 22.97 | 2.54 % | |
| R2 | 22.63 | 1.03 % | ||
| R1 | 22.47 | 0.313 % | ||
| Current price | 22.40 | |||
| Support | S1 | 22.35 | -0.223% | |
| S2 | 22.21 | -0.85% | ||
| S3 | 21.31 | -4.87% |
FAQ
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