Immupharma Plc Stock Forecast
Immupharma Plc stock downgraded from Hold/Accumulate to Sell Candidate after Wednesday trading session.
(Updated on May 01, 2024)
The Immupharma Plc stock price fell by -4.24% on the last day (Wednesday, 1st May 2024) from £2.13 to £2.04. During the last trading day the stock fluctuated 9.07% from a day low at £2.02 to a day high of £2.20. The price has fallen in 6 of the last 10 days and is down by -11.33% for this period. Volume has increased on the last day by 68 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, 734 thousand shares were bought and sold for approximately £1.49 million.
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 £1.85 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 96.82% during the next 3 months and, with a 90% probability hold a price between £3.64 and £6.09 at the end of this 3-month period.
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IMM.L Signals & Forecast
There are few to no technical positive signals at the moment. The Immupharma Plc 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 £2.13 and £2.19. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, April 02, 2024, and so far it has fallen -20.82%. 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). Immupharma Plc 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 Immupharma Plc stock
Immupharma Plc finds support from accumulated volume at £2.00 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 £0.183 between high and low, or 9.07%. For the last week, the stock has had daily average volatility of 7.11%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (IMM.L) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect Immupharma Plc to open at £2.08, and during the day (based on 14 day Average True Range), to move between £1.79 and £2.28, which gives a possible trading interval of +/-£0.247 (+/-12.12%) up or down from last closing price. If Immupharma Plc takes out the full calculated possible swing range there will be an estimated 24.23% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £2.00 (1.97%) than the resistance at £2.24 (10.07%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Immupharma Plc will release earnings BMO on Thursday, May 09, 2024. We will update the financials statements for Immupharma Plc, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 20.45% in the first trading day after earnings release.
Is Immupharma Plc stock A Buy?
The Immupharma Plc stock holds several negative signals and despite the positive trend, we believe Immupharma Plc 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 Hold/Accumulate to a Sell candidate.
Current score: -3.093 Sell Candidate Downgraded
Predicted Opening Price for Immupharma Plc of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| £2.08 ( 2.41%) | £2.04 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IMM.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.27 | 11.40 % | |
| R2 | 2.20 | 7.97 % | ||
| R1 | 2.15 | 5.84 % | ||
| Current price: | 2.04 | |||
| Support | S1 | 2.01 | -1.03 % | |
| S2 | 1.97 | -3.15 % | ||
| S3 | 1.90 | -6.58 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.48 | 21.62 % | |
| R2 | 2.45 | 20.39 % | ||
| R1 | 2.24 | 10.07 % | ||
| Current price | 2.04 | |||
| Support | S1 | 2.00 | -1.97% | |
| S2 | 1.92 | -5.90% | ||
| S3 | 1.86 | -8.85% |
IMM Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 14, 2021 | Dec 14, 2021 | Dec 14, 2021 | £300.00 | 5,357.14% |
FAQ
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