Imperium Group Global Stock Forecast
High volatility in Imperium Group Global stock price on Thursday which ended trading at $0.368
(Updated on Apr 18, 2024)
The Imperium Group Global stock price gained 47.04% on the last trading day (Thursday, 18th Apr 2024), rising from $0.250 to $0.368. During the last trading day the stock fluctuated 22.90% from a day low at $0.299 to a day high of $0.368. The price has been going up and down for this period, and there has been a -0.65% loss 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, 26 thousand more shares were traded than the day before. In total, 28 thousand shares were bought and sold for approximately $10.44 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 -42.78% during the next 3 months and, with a 90% probability hold a price between $0.140 and $0.266 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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IPGGF Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 47.04%. Further rise is indicated until a new top pivot has been found. Imperium Group Global 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 Imperium Group Global 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 $0.478. On a fall, the stock will find some support from the short-term average at $0.345. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Imperium Group Global stock
Imperium Group Global finds support from accumulated volume at $0.361 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.0685 between high and low, or 22.90%. For the last week, the stock has had daily average volatility of 18.85%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (IPGGF) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Imperium Group Global Holdings Limited to open at $0.345, and during the day (based on 14 day Average True Range), to move between $0.269 and $0.466, which gives a possible trading interval of +/-$0.0986 (+/-26.82%) up or down from last closing price. If Imperium Group Global Holdings Limited takes out the full calculated possible swing range there will be an estimated 53.64% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.370 (0.65%) than the support at $0.361 (1.82%), 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 Imperium Group Global Holdings Limited stock A Buy?
Imperium Group Global 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: -2.178 Sell Candidate Upgraded
Predicted Opening Price for Imperium Group Global Holdings Limited of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $0.345 ( 6.21%) | $0.368 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IPGGF
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.413 | 12.42 % | |
| R2 | 0.387 | 5.30 % | ||
| R1 | 0.371 | 0.91 % | ||
| Current price: | 0.368 | |||
| Support | S1 | 0.319 | -13.33 % | |
| S2 | 0.302 | -17.73 % | ||
| S3 | 0.276 | -24.85 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.409 | 11.35 % | |
| R2 | 0.400 | 8.81 % | ||
| R1 | 0.370 | 0.653 % | ||
| Current price | 0.368 | |||
| Support | S1 | 0.361 | -1.82% | |
| S2 | 0.305 | -17.03% | ||
| S3 | 0.300 | -18.39% |
FAQ
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