Intermolecular Inc Stock Forecast
Intermolecular Inc stock price ended at £1,765.00 on Friday, after gaining 0.341%.
(Updated on May 03, 2024)
The Intermolecular Inc stock price gained 0.341% on the last trading day (Friday, 3rd May 2024), rising from £1,759.00 to £1,765.00. During the last trading day the stock fluctuated 1.77% from a day low at £1,754.00 to a day high of £1,785.00. The price has risen in 5 of the last 10 days and is up by 2.08% over the past 2 weeks. Volume fell on the last day by -27 thousand shares and in total, 370 thousand shares were bought and sold for approximately £653.12 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 weak 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 2.39% during the next 3 months and, with a 90% probability hold a price between £1,767.62 and £1,891.64 at the end of this 3-month period.
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IMI.L Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 2.74%. 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). 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 Intermolecular Inc stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at £1,776.26. On a fall, the stock will find some support from the short-term average at £1,751.29. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal.
Support, Risk & Stop-loss for Intermolecular Inc stock
Intermolecular Inc finds support from accumulated volume at £1,759.00 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 £31.00 between high and low, or 1.77%. For the last week the stock has had daily average volatility of 1.41%.
Our recommended stop-loss: £1,672.12 (-5.26%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 12 days ago.)
Trading Expectations (IMI.L) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect Intermolecular Inc to open at £1,768.00, and during the day (based on 14 day Average True Range), to move between £1,734.03 and £1,795.97, which gives a possible trading interval of +/-£30.97 (+/-1.75%) up or down from last closing price. If Intermolecular Inc takes out the full calculated possible swing range there will be an estimated 3.51% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £1,767.00 (0.11%) than the support at £1,759.00 (0.34%), 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 Intermolecular Inc stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Intermolecular Inc stock to perform well in the short-term.
Current score: 1.464 Buy Candidate Unchanged
Predicted Opening Price for Intermolecular Inc of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| £1,768.00 ( 0.170%) | £1,765.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IMI.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,799.00 | 1.93 % | |
| R2 | 1,787.16 | 1.26 % | ||
| R1 | 1,779.84 | 0.84 % | ||
| Current price: | 1,765.00 | |||
| Support | S1 | 1,756.16 | -0.501 % | |
| S2 | 1,748.84 | -0.92 % | ||
| S3 | 1,737.00 | -1.59 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,810.00 | 2.55 % | |
| R2 | 1,795.00 | 1.70 % | ||
| R1 | 1,767.00 | 0.113 % | ||
| Current price | 1,765.00 | |||
| Support | S1 | 1,759.00 | -0.340% | |
| S2 | 1,740.00 | -1.42% | ||
| S3 | 1,723.00 | -2.38% |
IMI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 04, 2024 | Apr 04, 2024 | May 17, 2024 | £19.20 | 1.09% |
| 2 | Mar 03, 2023 | Apr 06, 2023 | May 12, 2023 | £17.40 | 1.09% |
| 3 | Jul 29, 2022 | Aug 11, 2022 | Sep 16, 2022 | £8.30 | 0.744% |
| 4 | Feb 25, 2022 | Apr 07, 2022 | May 13, 2022 | £15.80 | 1.21% |
| 5 | Jul 30, 2021 | Aug 12, 2021 | Sep 17, 2021 | £7.90 | 0.438% |
FAQ
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