iPower Inc. Stock Forecast

Volatile ride for iPower Inc. stock price on Friday moving between $1.52 and $3.48
(Updated on May 17, 2024)

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 $1.21 and $0.632. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 622.50%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.

Support, Risk & Stop-loss for iPower Inc. stock

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

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 $1.96 between high and low, or 128.95%. For the last week, the stock has had daily average volatility of 51.25%.

The iPower Inc. stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs. Since the iPower Inc. has been rising for 9 days in a row, the risk over the next couple of days has increased. As we cannot be certain with regards to the size of the reaction, we urge caution.

Our recommended stop-loss: $2.74 (-5.04%) (This stock has very high daily movements and this gives very high risk. The RSI14 is 98 and this increases the risk substantially. There is a buy signal from a pivot bottom found 20 days ago.)

Trading Expectations (IPW) For The Upcoming Trading Day Of Monday 20th

For the upcoming trading day on Monday, 20th we expect iPower Inc. to open at $2.63, and during the day (based on 14 day Average True Range), to move between $2.62 and $3.16, which gives a possible trading interval of +/-$0.268 (+/-9.28%) up or down from last closing price. If iPower Inc. takes out the full calculated possible swing range there will be an estimated 18.55% move between the lowest and the highest trading price during the day.

Is iPower Inc. stock A Buy?

iPower 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Hold/Accumulate candidate.

Current score: 0.000 Hold/Accumulate Downgraded

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for iPower Inc. of Monday, May 20, 2024

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