IRSA Inversiones Y Representaciones SA Stock Forecast
IRSA Inversiones Y Representaciones SA stock price ended at $9.83 on Friday, after gaining 3.53%.
(Updated on May 03, 2024)
The IRSA Inversiones Y Representaciones SA stock price gained 3.53% on the last trading day (Friday, 3rd May 2024), rising from $9.49 to $9.83. During the last trading day the stock fluctuated 3.24% from a day low at $9.58 to a day high of $9.89. The price has been going up and down for this period, and there has been a 2.66% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 92 thousand more shares were traded than the day before. In total, 210 thousand shares were bought and sold for approximately $2.07 million.
The stock lies in the middle of a 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 24.60% during the next 3 months and, with a 90% probability hold a price between $11.07 and $13.59 at the end of this 3-month period.
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IRS Signals & Forecast
The IRSA Inversiones Y Representaciones SA 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 $9.53 and $9.36. A breakdown below any of these levels will issue sell signals. Volume is rising along with the price. This is considered to be a good technical signal. 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 Monday, April 08, 2024, and so far it has fallen -4.15%. 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).
Support, Risk & Stop-loss for IRSA Inversiones Y Representaciones SA stock
On the downside, the stock finds support just below today's level from accumulated volume at $9.18 and $7.83. 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, IRSA Inversiones Y Representaciones SA finds support just below today's level at $9.18. If this is broken, then the next support from accumulated volume will be at $7.83 and $7.74.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.310 between high and low, or 3.24%. For the last week, the stock has had daily average volatility of 3.21%.
Our recommended stop-loss: $9.44 (-3.92%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 19 days ago.)
Trading Expectations (IRS) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect IRSA Inversiones Y Representaciones SA to open at $9.77, and during the day (based on 14 day Average True Range), to move between $9.46 and $10.19, which gives a possible trading interval of +/-$0.369 (+/-3.75%) 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 7.51% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $9.91 (0.87%) than the support at $9.18 (6.56%), 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
IRSA Inversiones Y Representaciones SA will release earnings BMO on Wednesday, May 08, 2024. We will update the financials statements for IRSA Inversiones Y Representaciones SA, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 6.70% in the first trading day after earnings release.
Is IRSA Inversiones Y Representaciones SA stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for IRSA Inversiones Y Representaciones SA stock to perform well in the short-term.
Current score: 3.357 Buy Candidate Unchanged
Predicted Opening Price for IRSA Inversiones Y Representaciones SA of Monday, May 6, 2024
Fair opening price May 6, 2024 | Current price |
---|---|
$9.77 ( 0.611%) | $9.83 |
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 | 10.08 | 2.54 % | |
R2 | 9.96 | 1.34 % | ||
R1 | 9.88 | 0.595 % | ||
Current price: | 9.83 | |||
Support | S1 | 9.65 | -1.82 % | |
S2 | 9.57 | -2.56 % | ||
S3 | 9.46 | -3.77 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 10.25 | 4.33 % | |
R2 | 10.10 | 2.80 % | ||
R1 | 9.91 | 0.87 % | ||
Current price | 9.83 | |||
Support | S1 | 9.18 | -6.56% | |
S2 | 7.83 | -20.31% | ||
S3 | 7.74 | -21.22% |
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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