iPower Inc. Stock Forecast
iPower Inc. stock upgraded to Buy Candidate.
(Updated on May 07, 2024)
The iPower Inc. stock price gained 3.27% on the last trading day (Tuesday, 7th May 2024), rising from $0.520 to $0.537. During the last trading day the stock fluctuated 7.97% from a day low at $0.508 to a day high of $0.549. The price has risen in 6 of the last 10 days and is up by 18.86% over the past 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, 14 thousand shares were bought and sold for approximately $7.64 thousand.
The stock lies the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $0.553 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -32.53% during the next 3 months and, with a 90% probability hold a price between $0.235 and $0.373 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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IPW Signals & Forecast
The iPower 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 $0.526 and $0.497. 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). iPower 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, May 01, 2024, and so far it has fallen -5.79%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for iPower Inc. stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.480 and $0.469. 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, iPower Inc. finds support just below today's level at $0.480. If this is broken, then the next support from accumulated volume will be at $0.469 and $0.440.
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 $0.0405 between high and low, or 7.97%. For the last week, the stock has had daily average volatility of 9.11%.
Our recommended stop-loss: $0.507 (-5.57%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 4 days ago.)
Trading Expectations (IPW) For The Upcoming Trading Day Of Wednesday 8th
For the upcoming trading day on Wednesday, 8th we expect iPower Inc. to open at $0.531, and during the day (based on 14 day Average True Range), to move between $0.486 and $0.588, which gives a possible trading interval of +/-$0.0510 (+/-9.49%) up or down from last closing price. If iPower Inc. takes out the full calculated possible swing range there will be an estimated 18.98% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.537 (0.06%) than the support at $0.480 (10.61%), 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
iPower Inc. will release earnings AMC on Tuesday, May 14, 2024.The consensus among the analysts for the expected earnings (EPS) is -$0.0600. We will update the financials statements for iPower Inc., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 14.45% in the first trading day after earnings release.
Is iPower Inc. stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for 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: 1.581 Buy Candidate Upgraded
Predicted Opening Price for iPower Inc. of Wednesday, May 8, 2024
| Fair opening price May 8, 2024 | Current price |
|---|---|
| $0.531 ( 1.09%) | $0.537 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IPW
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.572 | 6.46 % | |
| R2 | 0.556 | 3.57 % | ||
| R1 | 0.547 | 1.79 % | ||
| Current price: | 0.537 | |||
| Support | S1 | 0.516 | -3.97 % | |
| S2 | 0.506 | -5.75 % | ||
| S3 | 0.491 | -8.63 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.645 | 20.11 % | |
| R2 | 0.558 | 3.91 % | ||
| R1 | 0.537 | 0.0559 % | ||
| Current price | 0.537 | |||
| Support | S1 | 0.480 | -10.61% | |
| S2 | 0.469 | -12.76% | ||
| S3 | 0.440 | -18.06% |
IPW Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 16, 2017 | Jun 16, 2017 | Jun 28, 2017 | $0.230 | 0% |
| 2 | Mar 17, 2017 | Mar 17, 2017 | Mar 29, 2017 | $0.140 | 0% |
| 3 | Dec 16, 2016 | Dec 16, 2016 | Dec 29, 2016 | $0.210 | 0% |
| 4 | Sep 16, 2016 | Sep 16, 2016 | Sep 28, 2016 | $0.140 | 0% |
| 5 | Jun 17, 2016 | Jun 17, 2016 | Jun 29, 2016 | $0.250 | 0% |
FAQ
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