IRSA Inversiones Y Representaciones SA Stock Forecast
Green day on Thursday for IRSA Inversiones Y Representaciones SA
(Updated on Apr 25, 2024)
The IRSA Inversiones Y Representaciones SA stock price gained 0.424% on the last trading day (Thursday, 25th Apr 2024), rising from $9.43 to $9.47. During the last trading day the stock fluctuated 3.68% from a day low at $9.18 to a day high of $9.52. The price has risen in 6 of the last 10 days but is still down by -3.96% for this period. Volume fell on the last day by -28 thousand shares and in total, 75 thousand shares were bought and sold for approximately $705.70 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 lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 19.16% during the next 3 months and, with a 90% probability hold a price between $10.08 and $12.64 at the end of this 3-month period.
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IRS Signals & Forecast
A sell signal was issued from a pivot top point on Monday, April 22, 2024, and so far it has fallen -6.24%. 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. Some positive signals were issued as well, and these may have some influence on the near short-term development. The IRSA Inversiones Y Representaciones SA stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $9.58. On a fall, the stock will find some support from the long-term average at approximately $9.06. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal.
Support, Risk & Stop-loss for IRSA Inversiones Y Representaciones SA stock
IRSA Inversiones Y Representaciones SA finds support from accumulated volume at $9.18 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.338 between high and low, or 3.68%. For the last week the stock has had daily average volatility of 4.40%.
Our recommended stop-loss: $8.94 (-5.56%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 3 days ago.)
Trading Expectations (IRS) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect IRSA Inversiones Y Representaciones SA to open at $9.39, and during the day (based on 14 day Average True Range), to move between $9.07 and $9.87, which gives a possible trading interval of +/-$0.399 (+/-4.22%) up or down from last closing price. If IRSA Inversiones Y Representaciones SA takes out the full calculated possible swing range there will be an estimated 8.43% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $9.70 (2.43%) than the support at $9.18 (3.06%), 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 IRSA Inversiones Y Representaciones SA stock A Buy?
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period.
Current score: 1.718 Buy Candidate Unchanged
Predicted Opening Price for IRSA Inversiones Y Representaciones SA of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $9.39 ( 0.84%) | $9.47 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IRS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 9.73 | 2.73 % | |
| R2 | 9.60 | 1.36 % | ||
| R1 | 9.52 | 0.523 % | ||
| Current price: | 9.47 | |||
| Support | S1 | 9.26 | -2.20 % | |
| S2 | 9.18 | -3.04 % | ||
| S3 | 9.05 | -4.40 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 10.25 | 8.24 % | |
| R2 | 10.10 | 6.65 % | ||
| R1 | 9.70 | 2.43 % | ||
| Current price | 9.47 | |||
| Support | S1 | 9.18 | -3.06% | |
| S2 | 7.83 | -17.32% | ||
| S3 | 7.74 | -18.27% |
IRS Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 01, 2023 | Dec 06, 2023 | Dec 06, 2023 | $0.787 | 8.87% |
| 2 | May 10, 2023 | Nov 25, 2022 | Dec 05, 2022 | $0.187 | 3.78% |
| 3 | Nov 01, 2017 | Nov 10, 2017 | Nov 13, 2017 | $1.37 | 4.83% |
| 4 | Jul 03, 2014 | Jul 10, 2014 | Jul 25, 2014 | $0.121 | 0.772% |
| 5 | Nov 18, 2013 | Nov 18, 2013 | Nov 18, 2013 | $0.726 | 5.93% |
FAQ
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