Investsmart Group Ltd Stock Forecast
Big movements in Investsmart Group Ltd stock price on Friday moving 11.70% between high and low
(Updated on Jun 28, 2024)
The Investsmart Group Ltd stock price fell by -13.04% on the last day (Friday, 28th Jun 2024) from A$0.115 to A$0.100. During the last trading day the stock fluctuated 11.70% from a day low at A$0.0940 to a day high of A$0.105. The price has been going up and down for this period, and there has been a -16.67% loss for the last 2 weeks. Volume has increased on the last day by 247 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 381 thousand shares were bought and sold for approximately A$38.06 thousand.
The stock has broken the falling short-term trend down. Firstly a stronger fallrate is indicated, but false breaks and "sell-off" may occur. However, a further fall is realistic and any reactions back to the breaking point (A$0.107) are considered to be a "second chance" to get out. According to the fan-theory A$0.0986 will represent the new bottom line of the next trend, but it is far too early to say this for certain.
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INV.AX Signals & Forecast
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 Investsmart Group Ltd stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at A$0.114 and A$0.133. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, June 27, 2024, and so far it has fallen -13.04%. Further fall is indicated until a new bottom pivot has been found. Investsmart Group Ltd gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Investsmart Group Ltd stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved A$0.0110 between high and low, or 11.70%. For the last week, the stock has had daily average volatility of 5.03%.
Investsmart Group Ltd is oversold on RSI14 (20). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (INV.AX) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Investsmart Group Ltd to open at A$0.0997, and during the day (based on 14 day Average True Range), to move between A$0.0951 and A$0.105, which gives a possible trading interval of +/-A$0.0049 (+/-4.90%) up or down from last closing price. If Investsmart Group Ltd takes out the full calculated possible swing range there will be an estimated 9.80% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ A$0.110, some A$0.0100 (10.00%) from the current price of A$0.100, our system finds the risk reward not very attractive.
Is Investsmart Group Ltd stock A Buy?
Investsmart Group Ltd holds several negative signals and is within a 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Sell candidate.
Current score: -7.281 Strong Sell Candidate Downgraded
Predicted Opening Price for Investsmart Group Ltd of Monday, July 1, 2024
Fair opening price July 1, 2024 | Current price |
---|---|
A$0.0997 ( 0.333%) | A$0.100 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for INV.AX
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.111 | 10.67% |
R2 | 0.106 | 6.46% |
R1 | 0.104 | 3.87% |
Price | 0.100 | |
S1 | 0.0955 | -4.54% |
S2 | 0.0929 | -7.13% |
S3 | 0.0887 | -11.33% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.120 | 20.00% |
R2 | 0.115 | 15.00% |
R1 | 0.110 | 10.00% |
Price | 0.100 | |
S1 | 0 | - |
S2 | 0 | - |
S3 | 0 | - |
INV Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Aug 03, 2001 | Aug 03, 2001 | Aug 03, 2001 | A$0.0050 | 3.03% |
2 | Feb 21, 2001 | Feb 21, 2001 | Feb 21, 2001 | A$0.0050 | 2.27% |
FAQ
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