Innovative Payment Solutions, Inc. Stock Forecast

Volatile ride for Innovative Payment Solutions, Inc. stock price on Friday moving between $0.142 and $0.180
(Updated on May 03, 2024)

IPSI Signals & Forecast

The Innovative Payment Solutions, Inc. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $0.155 and $0.155. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Innovative Payment Solutions, 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. 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. A sell signal was issued from a pivot top point on Wednesday, April 10, 2024, and so far it has fallen -2.54%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for Innovative Payment Solutions, Inc. stock

On the downside, the stock finds support just below today's level from accumulated volume at $0.155 and $0.146. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Innovative Payment Solutions, Inc. finds support just below today's level at $0.155. If this is broken, then the next support from accumulated volume will be at $0.146 and $0.140.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.0379 between high and low, or 26.67%. For the last week, the stock has had daily average volatility of 7.33%.

The Innovative Payment Solutions, Inc. stock is extremely overbought on RSI14 (78). Normally this may pose a good selling opportunity but since the stock has broken the trend up, the chance for a major correction due to high RSI is very small as the stock will find support at the trend broken.

Our recommended stop-loss: $0.174 (-3.59%) (This stock has high daily movements and this gives high risk. The RSI14 is 78 and this increases the risk substantially. There is a sell signal from a pivot top found 17 days ago.)

Trading Expectations (IPSI) For The Upcoming Trading Day Of Monday 6th

For the upcoming trading day on Monday, 6th we expect Innovative Payment Solutions, Inc. to open at $0.167, and during the day (based on 14 day Average True Range), to move between $0.164 and $0.196, which gives a possible trading interval of +/-$0.0164 (+/-9.13%) up or down from last closing price. If Innovative Payment Solutions, Inc. takes out the full calculated possible swing range there will be an estimated 18.27% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.190 (5.56%) than the support at $0.155 (13.89%), 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 Innovative Payment Solutions, Inc. stock A Buy?

Innovative Payment Solutions, Inc. 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.

Current score: 0.713 Hold/Accumulate Unchanged

Predicted Opening Price for Innovative Payment Solutions, Inc. of Monday, May 6, 2024

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