Imagination Park Technologies Inc. Stock Forecast
Imagination Park Technologies Inc. stock price down 0% on Friday
(Updated on May 10, 2024)
No changes to the price of Imagination Park Technologies Inc. stock on the last trading day (Friday, 10th May 2024). During the last trading day the stock fluctuated 0% from a day low at $0.0400 to a day high of $0.0400. The price has been going up and down for this period, and there has been a -11.11% loss for the last 2 weeks.
The stock lies in the middle of a very 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 -32.08% during the next 3 months and, with a 90% probability hold a price between $0.0160 and $0.0320 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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IP.CN Signals & Forecast
There are few to no technical positive signals at the moment. The Imagination Park Technologies 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 $0.0436 and $0.0430. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, April 30, 2024, and so far it has fallen -20.00%. 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 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 Imagination Park Technologies Inc. stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.0350. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $ may give a huge drop in the stock price.
This stock may move much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 7.22%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (IP.CN) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect Imagination Park Technologies Inc. to open at $0.0400, and during the day (based on 14 day Average True Range), to move between $0.0354 and $0.0446, which gives a possible trading interval of +/-$0.0046 (+/-11.59%) up or down from last closing price. If Imagination Park Technologies Inc. takes out the full calculated possible swing range there will be an estimated 23.17% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0450 (12.50%) than the support at $0.0350 (12.50%), 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 Imagination Park Technologies Inc. stock A Buy?
Imagination Park Technologies Inc. holds several negative signals and is within a very 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: -3.987 Sell Candidate Unchanged
Predicted Opening Price for Imagination Park Technologies Inc. of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| $0.0400 ( 0%) | $0.0400 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IP.CN
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0400 | . | |
| R2 | 0.0400 | . | ||
| R1 | 0.0400 | . | ||
| Current price: | 0.0400 | |||
| Support | S1 | 0.0400 | . | |
| S2 | 0.0400 | . | ||
| S3 | 0.0400 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0.0450 | 12.50 % | ||
| Current price | 0.0400 | |||
| Support | S1 | 0.0350 | -12.50% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
FAQ
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