Imperium Group Global Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Strong day for Imperium Group Global stock price on Tuesday rising 11.85% to $0.320
(Updated on Jul 02, 2024)
The Imperium Group Global stock price gained 11.85% on the last trading day (Tuesday, 2nd Jul 2024), rising from $0.286 to $0.320. During the last trading day the stock fluctuated 4.69% from a day low at $0.320 to a day high of $0.335. The price has been going up and down for this period, and there has been a -11.11% 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, 2 thousand more shares were traded than the day before. In total, 12 thousand shares were bought and sold for approximately $3.89 thousand.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.181 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -7.05% during the next 3 months and, with a 90% probability hold a price between $0.168 and $1.02 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
IPGGF Signals & Forecast
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 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 $0.322 and $0.463. 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 -72.17%. 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).
Support, Risk & Stop-loss for Imperium Group Global stock
Imperium Group Global finds support from accumulated volume at $0.305 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 $0.0150 between high and low, or 4.69%. For the last week, the stock has had daily average volatility of 13.45%.
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 Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Imperium Group Global Holdings Limited to open at $0.325, and during the day (based on 14 day Average True Range), to move between $0.261 and $0.379, which gives a possible trading interval of +/-$0.0589 (+/-18.41%) 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 36.81% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.305 (4.69%) than the resistance at $0.361 (12.78%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Imperium Group Global Holdings Limited stock A Buy?
Imperium Group Global 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -4.464 Sell Candidate Downgraded
Predicted Opening Price for Imperium Group Global Holdings Limited of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $0.325 ( 1.56%) | $0.320 |
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 | |
|---|---|---|
| R3 | 0.340 | 6.25% |
| R2 | 0.334 | 4.46% |
| R1 | 0.331 | 3.35% |
| Price | 0.320 | |
| S1 | 0.319 | -0.228% |
| S2 | 0.316 | -1.33% |
| S3 | 0.310 | -3.13% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.370 | 15.63% |
| R2 | 0.368 | 14.88% |
| R1 | 0.361 | 12.78% |
| Price | 0.320 | |
| S1 | 0.305 | -4.69% |
| S2 | 0.286 | -10.59% |
| S3 | 0.256 | -20.00% |
FAQ
Click here for our free guide on how to buy Imperium Group Global Stock.
