Immutep Limited Stock Forecast
Green day on Friday for Immutep Limited
(Updated on May 03, 2024)
The Immutep Limited stock price gained 3.57% on the last trading day (Friday, 3rd May 2024), rising from $0.420 to $0.435. During the last trading day the stock fluctuated 5.95% from a day low at $0.420 to a day high of $0.445. The price has risen in 5 of the last 10 days and is up by 24.29% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 141 thousand more shares were traded than the day before. In total, 3 million shares were bought and sold for approximately $1.21 million.
The stock lies in the middle of a very 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 14.15% during the next 3 months and, with a 90% probability hold a price between $0.410 and $0.520 at the end of this 3-month period.
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IMM.AX Signals & Forecast
The Immutep Limited 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 $0.431 and $0.387. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Immutep Limited has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, April 24, 2024, and so far it has fallen -3.33%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Immutep Limited stock
Immutep Limited finds support from accumulated volume at $0.420 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.0250 between high and low, or 5.95%. For the last week, the stock has had daily average volatility of 5.76%.
Our recommended stop-loss: $0.415 (-4.65%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 6 days ago.)
Trading Expectations (IMM.AX) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Immutep Limited to open at $0.433, and during the day (based on 14 day Average True Range), to move between $0.412 and $0.458, which gives a possible trading interval of +/-$0.0234 (+/-5.37%) up or down from last closing price. If Immutep Limited takes out the full calculated possible swing range there will be an estimated 10.74% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.445 (2.30%) than the support at $0.420 (3.45%), 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 Immutep Limited 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 Immutep Limited stock to perform well in the short-term.
Current score: 2.768 Buy Candidate Unchanged
Predicted Opening Price for Immutep Limited of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $0.433 ( 0.383%) | $0.435 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IMM.AX
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.458 | 5.36 % | |
| R2 | 0.449 | 3.17 % | ||
| R1 | 0.443 | 1.81 % | ||
| Current price: | 0.435 | |||
| Support | S1 | 0.424 | -2.58 % | |
| S2 | 0.418 | -3.93 % | ||
| S3 | 0.408 | -6.13 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0.450 | 3.45 % | ||
| R1 | 0.445 | 2.30 % | ||
| Current price | 0.435 | |||
| Support | S1 | 0.420 | -3.45% | |
| S2 | 0.400 | -8.05% | ||
| S3 | 0.355 | -18.39% |
FAQ
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