International Money Express Inc. Stock Forecast
Red day on Monday for International Money Express Inc.
(Updated on Jun 17, 2024)
The International Money Express Inc. stock price fell by -0.81% on the last day (Monday, 17th Jun 2024) from $20.88 to $20.71. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 2.40% from a day low at $20.44 to a day high of $20.93. The price has fallen in 7 of the last 10 days and is down by -1.62% for this period. 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 -75 thousand shares and in total, 107 thousand shares were bought and sold for approximately $2.21 million.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -7.05% during the next 3 months and, with a 90% probability hold a price between $17.29 and $19.90 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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IMXI Signals & Forecast
There are few to no technical positive signals at the moment. The International Money Express Inc. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $21.17 and $20.72. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, June 12, 2024, and so far it has fallen -3.36%. 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). 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 International Money Express Inc. stock
International Money Express Inc. finds support from accumulated volume at $20.02 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 $0.490 between high and low, or 2.40%. For the last week the stock has had daily average volatility of 2.47%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (IMXI) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect International Money Express Inc. to open at $20.69, and during the day (based on 14 day Average True Range), to move between $20.19 and $21.23, which gives a possible trading interval of +/-$0.516 (+/-2.49%) up or down from last closing price. If International Money Express Inc. takes out the full calculated possible swing range there will be an estimated 4.99% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $20.81 (0.48%) than the support at $20.02 (3.33%), 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 International Money Express Inc. stock A Buy?
International Money Express Inc. holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -1.625 Sell Candidate Unchanged
Predicted Opening Price for International Money Express Inc. of Tuesday, June 18, 2024
| Fair opening price June 18, 2024 | Current price |
|---|---|
| $20.69 ( 0.0805%) | $20.71 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IMXI
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 21.18 | 2.29% |
| R2 | 21.00 | 1.38% |
| R1 | 20.88 | 0.82% |
| Price | 20.71 | |
| S1 | 20.51 | -0.98% |
| S2 | 20.39 | -1.54% |
| S3 | 20.20 | -2.45% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 21.12 | 1.98% |
| R2 | 20.86 | 0.724% |
| R1 | 20.81 | 0.483% |
| Price | 20.71 | |
| S1 | 20.02 | -3.33% |
| S2 | 19.59 | -5.41% |
| S3 | 19.35 | -6.57% |
FAQ
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