ImpediMed Limited Stock Forecast

ImpediMed Limited stock price took a fall of -5.56% on Tuesday
(Updated on May 21, 2024)

IPD.AX Signals & Forecast

There are mixed signals in the stock today. The ImpediMed Limited 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 $0.0850 and $0.0870. A break-up above any of these levels will issue buy signals. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued. A buy signal was issued from a pivot bottom point on Wednesday, May 08, 2024, and so far it has risen 8.97%. 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).

Support, Risk & Stop-loss for ImpediMed Limited stock

ImpediMed Limited finds support from accumulated volume at $0.0840 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 $0.0050 between high and low, or 5.88%. For the last week the stock has had daily average volatility of 5.68%.

Our recommended stop-loss: $0.0818 (-3.76%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 49 days ago.)

Trading Expectations (IPD.AX) For The Upcoming Trading Day Of Wednesday 22nd

For the upcoming trading day on Wednesday, 22nd we expect ImpediMed Limited to open at $0.0867, and during the day (based on 14 day Average True Range), to move between $0.0804 and $0.0896, which gives a possible trading interval of +/-$0.0046 (+/-5.43%) up or down from last closing price. If ImpediMed Limited takes out the full calculated possible swing range there will be an estimated 10.85% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.0860 (1.18%) than the support at $0.0840 (1.18%), 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 ImpediMed Limited stock A Buy?

ImpediMed Limited holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: -0.792 Hold/Accumulate Downgraded

Predicted Opening Price for ImpediMed Limited of Wednesday, May 22, 2024

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