Impala Platinum Holdings Limited Stock Forecast
Red day on Tuesday for Impala Platinum Holdings Limited
(Updated on Jun 25, 2024)
The Impala Platinum Holdings Limited stock price fell by -3.56% on the last day (Tuesday, 25th Jun 2024) from $9,440.00 to $9,104.00. During the last trading day the stock fluctuated 5.98% from a day low at $8,975.00 to a day high of $9,512.00. The price has risen in 6 of the last 10 days and is up by 4.52% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -2 million shares and in total, 3 million shares were bought and sold for approximately $27.67 billion.
The stock lies in the middle of a very wide and 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 5.38% during the next 3 months and, with a 90% probability hold a price between $8,923.92 and $12,106.12 at the end of this 3-month period.
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IMP.JO Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has risen 8.25%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Impala Platinum Holdings Limited 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 $9,584.23. On a fall, the stock will find some support from the short-term average at $8,998.71. 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. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Impala Platinum Holdings Limited stock
Impala Platinum Holdings Limited finds support from accumulated volume at $9,059.00 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 $537.00 between high and low, or 5.98%. For the last week, the stock has had daily average volatility of 5.93%.
Our recommended stop-loss: $8,625.14 (-5.26%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 24 days ago.)
Trading Expectations (IMP.JO) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Impala Platinum Holdings Limited to open at $9,197.00, and during the day (based on 14 day Average True Range), to move between $8,614.39 and $9,593.61, which gives a possible trading interval of +/-$489.61 (+/-5.38%) up or down from last closing price. If Impala Platinum Holdings Limited takes out the full calculated possible swing range there will be an estimated 10.76% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $9,059.00 (0.49%) than the resistance at $9,174.00 (0.77%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Impala Platinum Holdings Limited stock A Buy?
Impala Platinum Holdings Limited holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.207 Hold/Accumulate Unchanged
Predicted Opening Price for Impala Platinum Holdings Limited of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $9,197.00 ( 1.02%) | $9,104.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IMP.JO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 9,734.00 | 6.92% |
| R2 | 9,528.87 | 4.67% |
| R1 | 9,402.13 | 3.27% |
| Price | 9,104.00 | |
| S1 | 8,991.87 | -1.23% |
| S2 | 8,865.13 | -2.62% |
| S3 | 8,660.00 | -4.88% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 9,900.00 | 8.74% |
| R2 | 9,634.00 | 5.82% |
| R1 | 9,174.00 | 0.769% |
| Price | 9,104.00 | |
| S1 | 9,059.00 | -0.494% |
| S2 | 9,011.00 | -1.02% |
| S3 | 8,474.00 | -6.92% |
IMP Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 20, 2023 | Sep 20, 2023 | Sep 20, 2023 | $165.00 | 1.63% |
| 2 | Mar 22, 2023 | Mar 22, 2023 | Mar 22, 2023 | $420.00 | 2.42% |
| 3 | Sep 21, 2022 | Sep 21, 2022 | Sep 21, 2022 | $1,050.00 | 5.82% |
| 4 | Mar 16, 2022 | Mar 16, 2022 | Mar 16, 2022 | $525.00 | 2.28% |
| 5 | Sep 21, 2021 | Sep 21, 2021 | Sep 21, 2021 | $1,200.00 | 7.14% |
FAQ
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