Intrepid Potash Inc Stock Forecast
Stronger technical forecast for Intrepid Potash Inc stock price after Friday trading.
(Updated on May 03, 2024)
The Intrepid Potash Inc stock price gained 1.32% on the last trading day (Friday, 3rd May 2024), rising from $20.51 to $20.78. During the last trading day the stock fluctuated 1.88% from a day low at $20.76 to a day high of $21.15. The price has been going up and down for this period, and there has been a 5.7% 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, 4 thousand more shares were traded than the day before. In total, 71 thousand shares were bought and sold for approximately $1.47 million.
The stock lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 3.13% during the next 3 months and, with a 90% probability hold a price between $19.50 and $23.83 at the end of this 3-month period.
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IPI Signals & Forecast
The Intrepid Potash Inc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $20.12 and $20.04. A breakdown below any of these levels will issue sell signals. Intrepid Potash 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. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Friday, April 05, 2024, and so far it has fallen -3.21%. 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 Intrepid Potash Inc stock
Intrepid Potash Inc finds support from accumulated volume at $20.21 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 and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.390 between high and low, or 1.88%. For the last week, the stock has had daily average volatility of 2.68%.
Our recommended stop-loss: $20.06 (-3.46%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 77 and this increases the risk substantially. There is a sell signal from a pivot top found 20 days ago.)
Trading Expectations (IPI) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Intrepid Potash Inc to open at $20.90, and during the day (based on 14 day Average True Range), to move between $20.16 and $21.40, which gives a possible trading interval of +/-$0.623 (+/-3.00%) up or down from last closing price. If Intrepid Potash Inc takes out the full calculated possible swing range there will be an estimated 6.00% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $21.07 (1.40%) than the support at $20.21 (2.74%), 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.
Earnings coming up
Intrepid Potash Inc will release earnings AMC on Wednesday, May 08, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.0400. We will update the financials statements for Intrepid Potash Inc, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 9.45% in the first trading day after earnings release.
Is Intrepid Potash Inc stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Intrepid Potash Inc stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 4.431 Buy Candidate Upgraded
Predicted Opening Price for Intrepid Potash Inc of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $20.90 ( 0.561%) | $20.78 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IPI
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 21.29 | 2.44 % | |
| R2 | 21.14 | 1.72 % | ||
| R1 | 21.05 | 1.28 % | ||
| Current price: | 20.78 | |||
| Support | S1 | 20.75 | -0.156 % | |
| S2 | 20.66 | -0.598 % | ||
| S3 | 20.51 | -1.32 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 22.65 | 9.00 % | |
| R2 | 21.16 | 1.83 % | ||
| R1 | 21.07 | 1.40 % | ||
| Current price | 20.78 | |||
| Support | S1 | 20.21 | -2.74% | |
| S2 | 19.37 | -6.79% | ||
| S3 | 19.05 | -8.33% |
IPI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 04, 2012 | Dec 13, 2012 | Aug 14, 2020 | $7.50 | 57.12% |
FAQ
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