International Money Express Inc. Stock Forecast
International Money Express Inc. stock upgraded to Hold/Accumulate.
(Updated on May 31, 2024)
The International Money Express Inc. stock price gained 0.433% on the last trading day (Friday, 31st May 2024), rising from $20.77 to $20.86. During the last trading day the stock fluctuated 1.77% from a day low at $20.58 to a day high of $20.94. The price has been going up and down for this period, and there has been a 0.19% gain for the last 2 weeks. Volume fell on the last day by -37 thousand shares and in total, 100 thousand shares were bought and sold for approximately $2.09 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
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 -3.45% during the next 3 months and, with a 90% probability hold a price between $18.46 and $21.50 at the end of this 3-month period.
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IMXI Signals & Forecast
The International Money Express Inc. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $20.82 and $20.84. 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). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. 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 Thursday, May 09, 2024, and so far it has fallen -1.23%. Further fall is indicated until a new bottom pivot has been found.
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.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.365 (1.77%) between high and low. For the last week, the stock has had daily average volatility of 1.60%.
Our recommended stop-loss: $20.13 (-3.49%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 18 days ago.)
Trading Expectations (IMXI) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect International Money Express Inc. to open at $20.79, and during the day (based on 14 day Average True Range), to move between $20.35 and $21.37, which gives a possible trading interval of +/-$0.515 (+/-2.47%) 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 4.93% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $21.00 (0.67%) than the support at $20.02 (4.03%), 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 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.473 Hold/Accumulate Upgraded
Predicted Opening Price for International Money Express Inc. of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| $20.79 ( 0.328%) | $20.86 |
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 | |||
|---|---|---|---|---|
| Resistance | R3 | 21.16 | 1.42 % | |
| R2 | 21.02 | 0.754 % | ||
| R1 | 20.93 | 0.341 % | ||
| Current price: | 20.86 | |||
| Support | S1 | 20.65 | -1.00 % | |
| S2 | 20.57 | -1.41 % | ||
| S3 | 20.43 | -2.08 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 21.36 | 2.40 % | |
| R2 | 21.12 | 1.25 % | ||
| R1 | 21.00 | 0.671 % | ||
| Current price | 20.86 | |||
| Support | S1 | 20.02 | -4.03% | |
| S2 | 19.59 | -6.09% | ||
| S3 | 19.35 | -7.24% |
FAQ
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