Weaker Buy Today I3E.L ranks #1667 as BUY CANDIDATE. Stronger Buy
Today I3E.L ranks #1667 as BUY CANDIDATE.

I3E.L stock i3 Energy Plc

I3E.L stock
i3 Energy Plc

April 24, 2019
Change 0.62%
Chart period: 2019-01-25 - 2019-04-24
VOLUME
Sell
TREND
Sell

MV LONG
Buy

MV SHORT
Buy

PIVOT
Buy

MACD
Sell

Will I3E.L stock price go up or down on Fri, 26 Apr 2019?

i3 Energy Plc Forecast and Stock Analysis

Technical I3E.L stock analysis for April 24, 2019.

Buy candidate since 2019-04-24

i3 Energy Plc gained 0.62% in the last trading day, rising from £40.50 to £40.75 , and has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. The price has fallen in 4 of the last 10 days and is down by -5.23% for this period. Volume fell in the last day by -1.17 million shares, and in total, 1.12 million shares bought and sold for approximately £45.69 million. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.

Close price at the end of the last trading day (Wednesday, 24th Apr 2019) of the I3E.L stock was £40.75. This is 0.62% more than the trading day before Tuesday, 23rd Apr 2019.

During day the stock fluctuated 2.52% from a day low at £39.75 to a day high of £40.75.

30 day high of the I3E.L stock price was £46.00 and low was £37.50.
90 day high was £62.00 and low was £37.50.
52 week high for the i3 Energy Plc - £127.50 and low - £35.50.

Trend

i3 Energy Plc 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 -27.13% during the next 3 months and, with 90% probability hold a price between £22.20 and £35.11 at the end of this period.

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Signals

Only positive signals in the chart today. i3 Energy Plc holds buy signals from both short- and long-term moving averages, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down there will be some support from the lines at £40.29 and £40.68. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday April 18, 2019, which indicates further gains until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and may be an early warning. The stock should be watched closely.

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Relative Strength Index (RSI)

RSI14 is 47 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

i3 Energy Plc finds support from accumulated volume at £40.50.

Support: £40.50 Price: £40.75 Resistance: £41.50

Risk

This stock may move much during a 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 £1.00 between high and low, or 2.52%. For the last week, the stock has had a daily average volatility of 2.28%.

Our recommended stoploss: £38.79 (-4.81%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 2 days ago.)

Overall risk:

Very Low Low Medium High Very High

Evaluation: Buy Candidate

Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for this stock to perform well in the short-term. We have upgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Buy Candidate.

Weaker Buy Today I3E.L ranks #1667 as BUY CANDIDATE. Stronger Buy
Today I3E.L ranks #1667 as BUY CANDIDATE.