Trend

IAMGOLD Corp lies the upper part of a wide and falling trend in the short term, and this will normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at £553.81 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -23.11% during the next 3 months and, with 90% probability hold a price between £348.97 and £425.83 at the end of this period.

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Signals

There are few to none technical positive signals at the moment. IAMGOLD Corp holds sales signals from both short- and long-term moving averages. On corrections up there will be some resistance from the lines at £547.37 and £534.96. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Wednesday April 17, 2019, which indicates further falls until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

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Relative Strength Index (RSI)

RSI14 is 61 and the stock is currently not being overbought or oversold

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Support & Resistance

IAMGOLD Corp finds support from accumulated volume at £533.00.

Risk

This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved £7.80 (1.46%) between high and low. For the last week, the stock has had a daily average volatility of 2.95%.

Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.

Overall risk:

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