i3 Energy Plc Stock Forecast

Red day on Friday for i3 Energy Plc stock after losing 0%
(Updated on Jun 14, 2024)

ITE.TO Signals & Forecast

There are few to no technical positive signals at the moment. The i3 Energy Plc stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $0.184 and $0.189. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, April 19, 2024, and so far it has fallen -18.18%. 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 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 i3 Energy Plc stock

On the downside, the stock finds support just below today's level from accumulated volume at $0.170 and $0.165. 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, i3 Energy Plc finds support just below today's level at $0.170. If this is broken, then the next support from accumulated volume will be at $0.165 and $0.160.

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 $0.0050 between high and low, or 2.86%. For the last week the stock has had daily average volatility of 3.37%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (ITE.TO) For The Upcoming Trading Day Of Monday 17th

For the upcoming trading day on Monday, 17th we expect i3 Energy Plc to open at $0.178, and during the day (based on 14 day Average True Range), to move between $0.173 and $0.187, which gives a possible trading interval of +/-$0.0066 (+/-3.65%) up or down from last closing price. If i3 Energy Plc takes out the full calculated possible swing range there will be an estimated 7.31% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.170 (5.56%) than the resistance at $0.190 (5.56%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is i3 Energy Plc stock A Buy?

i3 Energy Plc holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

Current score: -2.357 Sell Candidate Unchanged

Predicted Opening Price for i3 Energy Plc of Monday, June 17, 2024

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