Immutep Ltd Stock Forecast
Volatile ride for Immutep Ltd stock price on Monday moving between $2.20 and $2.46
(Updated on Apr 22, 2024)
The Immutep Ltd stock price gained 3.11% on the last trading day (Monday, 22nd Apr 2024), rising from $2.25 to $2.32. During the last trading day the stock fluctuated 11.82% from a day low at $2.20 to a day high of $2.46. The price has fallen in 6 of the last 10 days and is down by -16.55% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 81 thousand more shares were traded than the day before. In total, 171 thousand shares were bought and sold for approximately $395.72 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 $2.21 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 12.08% during the next 3 months and, with a 90% probability hold a price between $2.48 and $3.42 at the end of this 3-month period.
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IMMP Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 5.45%. Further rise is indicated until a new top pivot has been found. Immutep Ltd 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. The Immutep Ltd 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 $2.50. On a fall, the stock will find some support from the short-term average at $2.30. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Immutep Ltd stock
Immutep Ltd finds support from accumulated volume at $2.26 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 $0.260 between high and low, or 11.82%. For the last week, the stock has had daily average volatility of 8.94%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (IMMP) For The Upcoming Trading Day Of Tuesday 23rd
For the upcoming trading day on Tuesday, 23rd we expect Immutep Ltd to open at $2.33, and during the day (based on 14 day Average True Range), to move between $2.13 and $2.51, which gives a possible trading interval of +/-$0.186 (+/-8.03%) up or down from last closing price. If Immutep Ltd takes out the full calculated possible swing range there will be an estimated 16.06% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $2.26 (2.59%) than the resistance at $2.61 (12.50%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Immutep Ltd stock A Buy?
Immutep Ltd holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -2.754 Sell Candidate Unchanged
Predicted Opening Price for Immutep Ltd of Tuesday, April 23, 2024
| Fair opening price April 23, 2024 | Current price |
|---|---|
| $2.33 ( 0.287%) | $2.32 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IMMP
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.59 | 11.49 % | |
| R2 | 2.49 | 7.21 % | ||
| R1 | 2.43 | 4.57 % | ||
| Current price: | 2.32 | |||
| Support | S1 | 2.23 | -3.99 % | |
| S2 | 2.17 | -6.64 % | ||
| S3 | 2.07 | -10.92 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.89 | 24.57 % | |
| R2 | 2.73 | 17.67 % | ||
| R1 | 2.61 | 12.50 % | ||
| Current price | 2.32 | |||
| Support | S1 | 2.26 | -2.59% | |
| S2 | 2.20 | -5.17% | ||
| S3 | 2.14 | -7.76% |
FAQ
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