International Public Partnerships Ltd Stock Forecast

Stronger technical forecast for International Public Partnerships Ltd stock price after Monday trading.
(Updated on Apr 29, 2024)

INPP.L Signals & Forecast

The International Public Partnerships Ltd 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 £123.80 and £123.95. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 5.32%. Further rise is indicated until a new top pivot has been found. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for International Public Partnerships Ltd stock

International Public Partnerships Ltd finds support from accumulated volume at £126.00 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 £2.80 between high and low, or 2.25%. For the last week the stock has had daily average volatility of 2.28%.

Our recommended stop-loss: £121.44 (-4.23%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 9 days ago.)

Trading Expectations (INPP.L) For The Upcoming Trading Day Of Tuesday 30th

For the upcoming trading day on Tuesday, 30th we expect International Public Partnerships Limited to open at £126.13, and during the day (based on 14 day Average True Range), to move between £124.60 and £129.00, which gives a possible trading interval of +/-£2.20 (+/-1.73%) up or down from last closing price. If International Public Partnerships Limited takes out the full calculated possible swing range there will be an estimated 3.47% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at £127.40 (0.47%) than the support at £126.00 (0.63%), 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 Public Partnerships Limited stock A Buy?

Several short-term signals are positive and the break-up from the falling trend indicates a possible shift for a trend. We believe that the prices around the breaking point will indicate particularly good levels, but we also believe that the current level will hold a possible good buy level for the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 1.003 Buy Candidate Upgraded

Predicted Opening Price for International Public Partnerships Limited of Tuesday, April 30, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.