i3 Energy Plc Stock Forecast

i3 Energy Plc stock price up 0.164% on Thursday
(Updated on Apr 18, 2024)

I3E.L Signals & Forecast

The i3 Energy Plc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at £11.99 and £10.44. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, February 19, 2024, and so far it has risen 41.96%. Further rise is indicated 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 it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for i3 Energy Plc stock

i3 Energy Plc finds support from accumulated volume at £12.16 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

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 £0.320 between high and low, or 2.63%. For the last week, the stock has had daily average volatility of 6.02%.

Our recommended stop-loss: £11.79 (-3.18%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 41 days ago.)

Trading Expectations (I3E.L) For The Upcoming Trading Day Of Friday 19th

For the upcoming trading day on Friday, 19th we expect i3 Energy Plc to open at £12.29, and during the day (based on 14 day Average True Range), to move between £11.50 and £12.86, which gives a possible trading interval of +/-£0.681 (+/-5.59%) up or down from last closing price. If i3 Energy Plc takes out the full calculated possible swing range there will be an estimated 11.18% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ £12.16, some £0.0200 (0.16%) from the current price of £12.18, our system finds the risk reward attractive.

Is i3 Energy Plc stock A Buy?

i3 Energy Plc holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.

Current score: 5.259 Strong Buy Candidate Unchanged

Predicted Opening Price for i3 Energy Plc of Friday, April 19, 2024

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