Imagination Park Technologies Inc. Stock Forecast
Big movements in Imagination Park Technologies Inc. stock price on Tuesday moving 16.67% between high and low
(Updated on Jul 02, 2024)
The Imagination Park Technologies Inc. stock price gained 16.67% on the last trading day (Tuesday, 2nd Jul 2024), rising from $0.0300 to $0.0350. During the last trading day the stock fluctuated 16.67% from a day low at $0.0300 to a day high of $0.0350. The price has been going up and down for this period, and there has been a 16.67% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 237 thousand more shares were traded than the day before. In total, 431 thousand shares were bought and sold for approximately $15.10 thousand.
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 -27.09% during the next 3 months and, with a 90% probability hold a price between $0.0202 and $0.0286 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
A buy signal was issued from a pivot bottom point on Friday, June 28, 2024, and so far it has risen 16.67%. 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). Imagination Park Technologies Inc. has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Imagination Park Technologies Inc. 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 $0.0369. On a fall, the stock will find some support from the short-term average at $0.0329. 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.
A buy signal from a double bottom formation was found on Friday, June 28, 2024 and based on theory for this formation the price should go up by 11.11% to $0.0389 within 9 trading days since signal was issued (Friday, July 12, 2024).
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 $0.0300. 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 a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.0050 between high and low, or 16.67%. For the last week, the stock has had daily average volatility of 13.33%.
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 Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Imagination Park Technologies Inc. to open at $0.0333, and during the day (based on 14 day Average True Range), to move between $0.0309 and $0.0391, which gives a possible trading interval of +/-$0.0041 (+/-11.79%) 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 23.58% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0400 (14.29%) than the support at $0.0300 (14.29%), 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 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -2.376 Sell Candidate Upgraded
Predicted Opening Price for Imagination Park Technologies Inc. of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $0.0333 ( 4.76%) | $0.0350 |
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 | |
|---|---|---|
| R3 | 0.0383 | 9.52% |
| R2 | 0.0364 | 4.07% |
| R1 | 0.0352 | 0.695% |
| Price | 0.0350 | |
| S1 | 0.0314 | -10.22% |
| S2 | 0.0302 | -13.59% |
| S3 | 0.0283 | -19.05% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0.0400 | 14.29% |
| Price | 0.0350 | |
| S1 | 0.0300 | -14.29% |
| S2 | 0 | - |
| S3 | 0 | - |
FAQ
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