Invion Limited Stock Forecast
High volatility in Invion Limited stock price on Friday which ended trading at $0.0050
(Updated on May 31, 2024)
The Invion Limited stock price gained 25.00% on the last trading day (Friday, 31st May 2024), rising from $0.0040 to $0.0050. During the last trading day the stock fluctuated 25.00% from a day low at $0.0040 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. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 122 thousand more shares were traded than the day before. In total, 814 thousand shares were bought and sold for approximately $4.07 thousand.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -6.56% during the next 3 months and, with a 90% probability hold a price between $0.0037 and $0.0055 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 Thursday, May 30, 2024, and so far it has risen 25.00%. Further rise is indicated until a new top pivot has been found. Invion Limited has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Invion Limited stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $0.0051. On a fall, the stock will find some support from the short-term average at $0.0046. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
A buy signal from a double bottom formation was found on Thursday, May 30, 2024 and based on theory for this formation the price should go up by 6.67% to $0.0053 within 3 trading days since signal was issued (Monday, June 03, 2024).
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.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.0010 between high and low, or 25.00%. For the last week, the stock has had daily average volatility of 20.00%.
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 3rd
For the upcoming trading day on Monday, 3rd we expect Invion Limited to open at $0.0047, and during the day (based on 14 day Average True Range), to move between $0.0044 and $0.0056, which gives a possible trading interval of +/-$0.0006 (+/-12.50%) up or down from last closing price. If Invion Limited takes out the full calculated possible swing range there will be an estimated 25.00% 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?
Invion Limited holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -1.613 Sell Candidate Upgraded
Predicted Opening Price for Invion Limited of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| $0.0047 ( 6.67%) | $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 | 0.0057 | 13.33 % | |
| R2 | 0.0053 | 5.69 % | ||
| R1 | 0.0050 | 0.97 % | ||
| Current price: | 0.0050 | |||
| Support | S1 | 0.0043 | -14.31 % | |
| S2 | 0.0040 | -19.03 % | ||
| S3 | 0.0037 | -26.67 % |
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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