Invion Limited Stock Forecast
Invion Limited stock downgraded from Hold/Accumulate to Sell Candidate after Friday trading session.
(Updated on May 17, 2024)
No changes to the price of Invion Limited stock on the last trading day (Friday, 17th May 2024). During the last trading day the stock fluctuated 0% from a day low at $0.0050 to a day high of $0.0050. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks.
The stock lies in the middle of a very wide and weak 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 9.64% during the next 3 months and, with a 90% probability hold a price between $0.0049 and $0.0071 at the end of this 3-month period.
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IVX.AX Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, May 14, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Invion Limited 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 $0.0051 and $0.0053. A break-up above any of these levels will issue buy signals. 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 Invion Limited stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.0040. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $ may give a huge drop in the stock price.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 4.00%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (IVX.AX) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Invion Limited to open at $0.0050, and during the day (based on 14 day Average True Range), to move between $0.0045 and $0.0055, which gives a possible trading interval of +/-$0.0005 (+/-10.04%) up or down from last closing price. If Invion Limited 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 $0.0060 (20.00%) than the support at $0.0040 (20.00%), 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 Invion Limited stock A Buy?
The Invion Limited stock holds several negative signals and despite the positive trend, we believe Invion Limited 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 Hold/Accumulate to a Sell candidate.
Current score: -2.720 Sell Candidate Downgraded
Predicted Opening Price for Invion Limited of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| $0.0050 ( 0%) | $0.0050 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IVX.AX
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0050 | . | |
| R2 | 0.0050 | . | ||
| R1 | 0.0050 | . | ||
| Current price: | 0.0050 | |||
| Support | S1 | 0.0050 | . | |
| S2 | 0.0050 | . | ||
| S3 | 0.0050 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0.0060 | 20.00 % | ||
| Current price | 0.0050 | |||
| Support | S1 | 0.0040 | -20.00% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
FAQ
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