I3E.L Forecast and Technical Stock Analysis
Hold candidate since 2019-08-19
i3 Energy Plc gained 4.00% in the last trading day ( Monday, 19th Aug 2019 ), rising from £0.50 to £0.52 , 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. During the day the stock fluctuated 7.44% from a day low at £0.49 to a day high of £0.53. The price has been going up and down for this period, and there has been a 2.97% gain for the last 2 weeks. Volume fell in the last day by -0.00 million shares and in total, 1.04 million shares bought and sold for approximately £540 320.00. 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.
- 30 day high of the I3E.L stock price was £0.59 and low was £0.46.
- 90 day high was £0.59 and low was £0.35.
- 52 week high for i3 Energy Plc - £111.00 and low - £0.33.
i3 Energy Plc lies in the middle of a very wide and strong 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 27.74% during the next 3 months and, with 90% probability hold a price between £0.61 and £0.78 at the end of this period.
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 £0.50 and £0.52. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday August 15, 2019, which indicates further gains 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. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Relative Strength Index (RSI)
RSImin/max Values: [ 15 - 85 ]
RSI14 is 40 and the stock is currently not being overbought or oversold
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.
Support & Resistance
i3 Energy Plc finds support from accumulated volume at £0.51.
This stock may move much during a day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved £0.04 between high and low, or 7.44%. For the last week the stock has had a daily average volatility of 9.94%.
Our recommended stop-loss: £0.50 (-4.35%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 2 days ago.)
9.94 %Average volatility
Very Low Low Medium High Very High
i3 Energy Plc holds several positive signals, but we still don't find these to be enough for a buy-recommendation. At the current level, we recommend to hold or accumulate in this position whilst awaiting further development. We have upgraded our recommendation for this stock since last evaluation from a Sell Candidate to a Hold/Accumulate.
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 8.000 stocks usually only a few will trigger a Golden Star Signal per day!