illumin Holdings Inc. Stock Forecast
illumin Holdings Inc. stock price down 2.67% on Friday
(Updated on Jun 14, 2024)
The illumin Holdings Inc. stock price fell by -2.67% on the last day (Friday, 14th Jun 2024) from $1.50 to $1.46. During the last trading day the stock fluctuated 2.74% from a day low at $1.46 to a day high of $1.50. The price has fallen in 6 of the last 10 days and is down by -1.35% for this period. Volume has increased on the last day by 54 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, 114 thousand shares were bought and sold for approximately $166.16 thousand.
The stock lies in the middle of a 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 -6.53% during the next 3 months and, with a 90% probability hold a price between $1.30 and $1.54 at the end of this 3-month period.
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ILLM.TO Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, June 04, 2024, and so far it has risen 3.55%. Further rise is indicated until a new top pivot has been found. 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 illumin Holdings Inc. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $1.48 and $1.56. A break-up above any of these levels will issue buy signals. illumin Holdings Inc. gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
Support, Risk & Stop-loss for illumin Holdings Inc. stock
illumin Holdings Inc. finds support from accumulated volume at $1.45 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.0400 between high and low, or 2.74%. For the last week, the stock has had daily average volatility of 4.28%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ILLM.TO) For The Upcoming Trading Day Of Monday 17th
For the upcoming trading day on Monday, 17th we expect illumin Holdings Inc. to open at $1.47, and during the day (based on 14 day Average True Range), to move between $1.40 and $1.52, which gives a possible trading interval of +/-$0.0604 (+/-4.14%) up or down from last closing price. If illumin Holdings Inc. takes out the full calculated possible swing range there will be an estimated 8.27% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $1.45 (0.68%) than the resistance at $1.50 (2.74%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is illumin Holdings Inc. stock A Buy?
illumin Holdings Inc. holds several negative signals and is within a 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.
Current score: -1.196 Sell Candidate Unchanged
Predicted Opening Price for illumin Holdings Inc. of Monday, June 17, 2024
| Fair opening price June 17, 2024 | Current price |
|---|---|
| $1.47 ( 0.91%) | $1.46 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ILLM.TO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.51 | 3.65% |
| R2 | 1.50 | 2.61% |
| R1 | 1.49 | 1.96% |
| Price | 1.46 | |
| S1 | 1.46 | -0.133% |
| S2 | 1.45 | -0.780% |
| S3 | 1.43 | -1.83% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.61 | 10.27% |
| R2 | 1.60 | 9.59% |
| R1 | 1.50 | 2.74% |
| Price | 1.46 | |
| S1 | 1.45 | -0.685% |
| S2 | 1.42 | -2.74% |
| S3 | 1.41 | -3.42% |
FAQ
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