Imperalis Holding Corp. Stock Forecast
Volatile ride for Imperalis Holding Corp. stock price on Wednesday moving between $0.0089 and $0.0115
(Updated on May 08, 2024)
The Imperalis Holding Corp. stock price fell by -5.80% on the last day (Wednesday, 8th May 2024) from $0.0112 to $0.0106. During the last trading day the stock fluctuated 29.21% from a day low at $0.0089 to a day high of $0.0115. The price has fallen in 6 of the last 10 days and is down by -2.31% for this period. Volume has increased on the last day by 3 million 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, 4 million shares were bought and sold for approximately $38.31 thousand.
The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.0100 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 52.59% during the next 3 months and, with a 90% probability hold a price between $0.0153 and $0.0265 at the end of this 3-month period.
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IMHC Signals & Forecast
There are few to no technical positive signals at the moment. The Imperalis Holding Corp. 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 $0.0133 and $0.0123. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, May 01, 2024, and so far it has fallen -37.57%. 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). Imperalis Holding Corp. 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". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Imperalis Holding Corp. stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.0100 and $0.0096. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Imperalis Holding Corp. finds support just below today's level at $0.0100. If this is broken, then the next support from accumulated volume will be at $0.0096 and $0.0095.
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 $0.0026 between high and low, or 29.21%. For the last week, the stock has had daily average volatility of 30.10%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (IMHC) For The Upcoming Trading Day Of Thursday 9th
For the upcoming trading day on Thursday, 9th we expect Imperalis Holding Corp. to open at $0.0103, and during the day (based on 14 day Average True Range), to move between $0.0066 and $0.0145, which gives a possible trading interval of +/-$0.0039 (+/-37.39%) up or down from last closing price. If Imperalis Holding Corp. takes out the full calculated possible swing range there will be an estimated 74.79% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0100 (5.21%) than the resistance at $0.0112 (6.16%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Imperalis Holding Corp. stock A Buy?
The Imperalis Holding Corp. stock holds several negative signals and despite the positive trend, we believe Imperalis Holding Corp. will perform weakly in the next couple of days or weeks. Therefore, we 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: -6.029 Strong Sell Candidate Downgraded
Predicted Opening Price for Imperalis Holding Corp. of Thursday, May 9, 2024
| Fair opening price May 9, 2024 | Current price |
|---|---|
| $0.0103 ( 2.21%) | $0.0106 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IMHC
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0129 | 22.43 % | |
| R2 | 0.0119 | 13.02 % | ||
| R1 | 0.0113 | 7.20 % | ||
| Current price: | 0.0106 | |||
| Support | S1 | 0.0093 | -11.63 % | |
| S2 | 0.0087 | -17.44 % | ||
| S3 | 0.0077 | -26.86 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0124 | 17.54 % | |
| R2 | 0.0114 | 7.68 % | ||
| R1 | 0.0112 | 6.16 % | ||
| Current price | 0.0106 | |||
| Support | S1 | 0.0100 | -5.21% | |
| S2 | 0.0096 | -9.00% | ||
| S3 | 0.0095 | -9.95% |
FAQ
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