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Ivanhoe Capital Acquisition Corp. Stock Forecast NYSE:IVAN

$10.25 (-0.97%)

Volume: 440k

Closed: Nov 26, 2021

Hollow Logo Score: -2.504

Ivanhoe Capital Acquisition Corp. Stock Forecast

$10.25 (-0.97%)

Volume: 440k

Closed: Nov 26, 2021

Score Hollow Logo -2.504
Which way will IVAN go? Request

IVAN Stock Risk

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 $0.12 between high and low, or 1.18%. For the last week, the stock has had a daily average volatility of 3.01%.

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

Overall risk:

Very Low Low Medium High Very High

* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 20 - 75 ] RSI14 is 46 and the stock is currently not being overbought or oversold

Ivanhoe Capital Acquisition Corp. stock downgraded to Sell Candidate
(Updated on Nov 26, 2021)


Sell candidate since 2021-11-24 Loss -0.97%

The Ivanhoe Capital Acquisition Corp. stock price fell by -0.97% on the last day (Friday, 26th Nov 2021) from $10.35 to $10.25. During the day the stock fluctuated 1.18% from a day low at $10.16 to a day high of $10.28. The price has been going up and down for this period, and there has been a -0.87% loss for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -281 thousand shares and in total, 440 thousand shares were bought and sold for approximately $4.51 million.

Given the current short-term trend, the stock is expected to rise 7.99% during the next 3 months and, with a 90% probability hold a price between $11.07 and $12.13 at the end of this 3-month period.

Signals & Forecast

There are few to no technical positive signals at the moment. The Ivanhoe Capital Acquisition Corp. stock holds sell signals from both short and long-term moving averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $10.46 and $10.31. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, November 16, 2021, and so far it has fallen -7.99%. 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 together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. The stock had a Golden Star Signal on Thursday, June 24, 2021 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Buy
Special Signal Notification

Golden Star 12 Months

The stock had a Golden Star Signal on Thursday, June 24, 2021 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss

Ivanhoe Capital Acquisition Corp. finds support from accumulated volume at $10.12 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 and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.12 between high and low, or 1.18%. For the last week, the stock has had a daily average volatility of 3.01%.

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

Is Ivanhoe Capital Acquisition Corp. stock A Buy?

The Ivanhoe Capital Acquisition Corp. stock holds several negative signals and despite the positive trend, we believe Ivanhoe Capital Acquisition Corp. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Sell candidate.

Current score: -2.504

Predicted Opening Price for Ivanhoe Capital Acquisition Corp. of Monday, November 29, 2021

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

Fair opening price November 29, 2021 Current price
$10.23 $10.25 (Overvalued)
Sell Candidate Downgraded

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Analyst Ratings

On Sep 10, 2021 "Wolfe Research" gave "" rating for IVAN. The price target was set to $9.90+0.1%.

Volatility and Risk
Daily Average Volatility: 3.01 %
Overall Risk: Very High High Medium Low Very Low
Volatility
3.01 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $10.27
Price: $10.25
Support: $10.12

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 10.35 0.98 %
10.30 0.53 %
10.28 0.25 %
Current price: 10.25
Support 10.18 -0.64 %
10.16 -0.92 %
10.11 -1.37 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 10.92 6.54 %
10.90 6.34 %
10.27 0.20 %
Current price 10.25
Support 10.12 -1.27%
10.06 -1.85%
9.92 -3.22%

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Golden Star Signal

This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star.

This signal is rare and, in most cases, gives substantial returns. From 10 000+ stocks usually only a few will trigger a Golden Star Signal per day!

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