Investore Property Limited Stock Forecast
Investore Property Limited stock price ended at $1.13 on Friday, after gaining 2.73%.
(Updated on May 03, 2024)
The Investore Property Limited stock price gained 2.73% on the last trading day (Friday, 3rd May 2024), rising from $1.10 to $1.13. During the last trading day the stock fluctuated 3.67% from a day low at $1.09 to a day high of $1.13. The price has been going up and down for this period, and there has been a -0.88% loss for the last 2 weeks. Volume fell on the last day by -83 thousand shares and in total, 109 thousand shares were bought and sold for approximately $122.92 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Investore Property Limited stock with a 90% probability to be traded between $1.04 and $1.15 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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IPL.NZ Signals & Forecast
There are few to no technical positive signals at the moment. The Investore Property Limited 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 $1.13. On a fall, the stock will find some support from the short-term average at $1.12. 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 sell signal was issued from a pivot top point on Thursday, April 11, 2024, and so far it has fallen -2.59%. 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). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Support, Risk & Stop-loss for Investore Property Limited stock
Investore Property Limited finds support from accumulated volume at $1.12 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have controlled movements and therefore the general risk is considered low. However, be aware of low or falling volume and make sure to keep an eye on the stock. During the last day, the stock moved $0.0400 between high and low, or 3.67%. For the last week the stock has had daily average volatility of 2.00%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (IPL.NZ) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Investore Property Limited to open at $1.12, and during the day (based on 14 day Average True Range), to move between $1.11 and $1.15, which gives a possible trading interval of +/-$0.0237 (+/-2.10%) up or down from last closing price. If Investore Property Limited takes out the full calculated possible swing range there will be an estimated 4.19% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $1.12 (0.88%) than the resistance at $1.14 (0.88%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Investore Property Limited stock A Buy?
Investore Property Limited holds several negative signals and is within a 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.
Current score: -2.535 Sell Candidate Unchanged
Predicted Opening Price for Investore Property Limited of Monday, May 6, 2024
Fair opening price May 6, 2024 | Current price |
---|---|
$1.12 ( 1.18%) | $1.13 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IPL.NZ
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 1.16 | 2.36 % | |
R2 | 1.14 | 1.01 % | ||
R1 | 1.13 | 0.172 % | ||
Current price: | 1.13 | |||
Support | S1 | 1.10 | -2.53 % | |
S2 | 1.09 | -3.37 % | ||
S3 | 1.08 | -4.72 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 1.16 | 2.65 % | |
R2 | 1.15 | 1.77 % | ||
R1 | 1.14 | 0.88 % | ||
Current price | 1.13 | |||
Support | S1 | 1.12 | -0.88% | |
S2 | 1.11 | -1.77% | ||
S3 | 1.08 | -4.42% |
IPL Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 28, 2024 | Feb 28, 2024 | Mar 18, 2024 | $0.0179 | 1.60% |
2 | Nov 23, 2023 | Nov 23, 2023 | Nov 23, 2023 | $0.0198 | 1.85% |
3 | Sep 06, 2023 | Sep 06, 2023 | Sep 06, 2023 | $0.0198 | 1.56% |
4 | May 26, 2023 | May 26, 2023 | May 26, 2023 | $0.0198 | 1.40% |
5 | Feb 27, 2023 | Feb 27, 2023 | Feb 27, 2023 | $0.0198 | 1.35% |
FAQ
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