Ironveld Plc Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Red day on Thursday for Ironveld Plc stock after losing 0%
(Updated on May 02, 2024)
No changes to the price of Ironveld Plc stock on the last trading day (Thursday, 2nd May 2024). During the last trading day the stock fluctuated 0.746% from a day low at £0.0670 to a day high of £0.0675. The price has been going up and down for this period, and there has been a -30.77% loss for the last 2 weeks.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at £0.0582 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -41.20% during the next 3 months and, with a 90% probability hold a price between £0.0342 and £0.0706 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
IRON.L Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, April 24, 2024, and so far it has risen 1.50%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Ironveld Plc 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 £0.111. On a fall, the stock will find some support from the short-term average at £0.0674. 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. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Ironveld Plc stock
Ironveld Plc finds support from accumulated volume at £0.0665 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved £0.0005 between high and low, or 0.746%. For the last week the stock has had daily average volatility of 0.81%.
Ironveld Plc is oversold on RSI14 (9). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (IRON.L) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect Ironveld Plc to open at £0.0673, and during the day (based on 14 day Average True Range), to move between £0.0607 and £0.0743, which gives a possible trading interval of +/-£0.0068 (+/-10.04%) up or down from last closing price. If Ironveld Plc takes out the full calculated possible swing range there will be an estimated 20.09% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £0.0680 (0.74%) than the support at £0.0665 (1.48%), 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 Ironveld Plc stock A Buy?
Ironveld Plc holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -4.177 Sell Candidate Unchanged
Predicted Opening Price for Ironveld Plc of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| £0.0673 ( 0.247%) | £0.0675 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IRON.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0678 | 0.494 % | |
| R2 | 0.0676 | 0.211 % | ||
| R1 | 0.0675 | 0.0360 % | ||
| Current price: | 0.0675 | |||
| Support | S1 | 0.0671 | -0.530 % | |
| S2 | 0.0670 | -0.705 % | ||
| S3 | 0.0668 | -0.99 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0.0680 | 0.741 % | ||
| Current price | 0.0675 | |||
| Support | S1 | 0.0665 | -1.48% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
FAQ
Click here for our free guide on how to buy Ironveld Plc Stock.
