IAMGOLD Corp Forecast and Stock Analysis
Technical IAG.L stock analysis for February 15, 2019.
| Shorts | 0.93% ( 2019-01-31 ) |
| Cash | n/a |
| Loans | n/a |
| Beta | -0.32 |
| ROA | -0.29 |
IAMGOLD Corp gained 2.15% in the last trading day, rising from £649.80 to £663.80 The price has risen in 6 of the last 10 days and is up by 1.62% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 4.14 million more shares were traded than the day before. In total, 9.05 million shares bought and sold for approximately £6 006.93 million.
Close price at the end of the last trading day (Friday, 15th Feb 2019) of the IAG.L stock was £663.80. This is 2.15% more than the trading day before Thursday, 14th Feb 2019.
During day the stock fluctuated 2.87% from a day low at £648.20 to a day high of £666.80.
30 day high of the IAG.L stock price was £667.80 and low was £597.40.
90 day high was £669.40 and low was £580.40.
52 week high for the IAMGOLD Corp - £727.00 and low - £547.00.
Trend
IAMGOLD Corp lies in the middle of a wide and weak 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 4.18% during the next 3 months and, with 90% probability hold a price between £619.98 and £713.25 at the end of this period.
Signals
Only positive signals in the chart today. IAMGOLD Corp holds buy signals from both short- and long-term moving averages. In addition, 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 £658.11 and £628.62. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday February 14, 2019, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal.
Relative Strength Index (RSI)
RSI14 is 68 and the stock is currently not being overbought or oversold
Support & Resistance
IAMGOLD Corp finds support from accumulated volume at £659.80.
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 £18.60 (2.87%) between high and low. For the last week, the stock has had a daily average volatility of 1.97%.
Our recommended stoploss: £629.80 (-5.12%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 1 days ago.)
Overall risk:
Very Low Low Medium High Very High
Evaluation: Buy Candidate
Several short-term signals, along with a general good trend, are positive and 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.
