Inovalis Real Estate Investment Trust Stock Forecast
Red day on Thursday for Inovalis Real Estate Investment Trust
(Updated on May 02, 2024)
No changes to the price of Inovalis Real Estate Investment Trust stock on the last trading day (Thursday, 2nd May 2024). During the last trading day the stock fluctuated 2.68% from a day low at $1.12 to a day high of $1.15. The price has fallen in 4 of the last 10 days but is still up by 3.7% over the past 2 weeks.
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 -16.72% during the next 3 months and, with a 90% probability hold a price between $0.82 and $1.00 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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INO-UN.TO Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 8.74%. 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 Inovalis Real Estate Investment Trust 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 $1.17. On a fall, the stock will find some support from the short-term average at $1.12. 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 on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Inovalis Real Estate Investment Trust stock
Inovalis Real Estate Investment Trust finds support from accumulated volume at $1.07 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.0300 between high and low, or 2.68%. For the last week the stock has had daily average volatility of 4.80%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (INO-UN.TO) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect Inovalis Real Estate Investment Trust to open at $1.13, and during the day (based on 14 day Average True Range), to move between $1.06 and $1.18, which gives a possible trading interval of +/-$0.0612 (+/-5.46%) up or down from last closing price. If Inovalis Real Estate Investment Trust takes out the full calculated possible swing range there will be an estimated 10.92% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $1.07 (4.46%) than the resistance at $1.25 (11.61%), 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
Inovalis Real Estate Investment Trust will release earnings BMO on Tuesday, May 07, 2024. We will update the financials statements for Inovalis Real Estate Investment Trust, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 21.80% in the first trading day after earnings release.
Is Inovalis Real Estate Investment Trust stock A Buy?
Inovalis Real Estate Investment Trust 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: -2.291 Sell Candidate Unchanged
Predicted Opening Price for Inovalis Real Estate Investment Trust of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| $1.13 ( 0.89%) | $1.12 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for INO-UN.TO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.16 | 3.57 % | |
| R2 | 1.15 | 2.55 % | ||
| R1 | 1.14 | 1.92 % | ||
| Current price: | 1.12 | |||
| Support | S1 | 1.12 | -0.130 % | |
| S2 | 1.11 | -0.762 % | ||
| S3 | 1.10 | -1.79 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.29 | 15.18 % | |
| R2 | 1.27 | 13.39 % | ||
| R1 | 1.25 | 11.61 % | ||
| Current price | 1.12 | |||
| Support | S1 | 1.07 | -4.46% | |
| S2 | 1.05 | -6.25% | ||
| S3 | 1.03 | -8.04% |
INO-UN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Nov 29, 2023 | Nov 29, 2023 | Nov 29, 2023 | $0 | 0% |
| 2 | Sep 28, 2023 | Sep 28, 2023 | Sep 28, 2023 | $0.0340 | 1.14% |
| 3 | Jul 28, 2023 | Jul 28, 2023 | Aug 15, 2023 | $0.0340 | 1.00% |
| 4 | Jun 29, 2023 | Jun 29, 2023 | Jul 16, 2023 | $0.0340 | 0.98% |
| 5 | May 30, 2023 | May 30, 2023 | Jun 15, 2023 | $0.0340 | 1.04% |
FAQ
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