Impax Environmental Markets Plc Stock Forecast
Weaker technical forecast for Impax Environmental Markets Plc as stock downgraded to Sell Candidate.
(Updated on Apr 15, 2024)
The Impax Environmental Markets Plc stock price fell by -1.38% on the last day (Monday, 15th Apr 2024) from £397.50 to £392.00. During the last trading day the stock fluctuated 3.07% from a day low at £388.10 to a day high of £400.00. The price has fallen in 5 of the last 10 days and is down by -2.61% for this period. Volume has increased on the last day by 431 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 1 million shares were bought and sold for approximately £422.12 million.
Given the current short-term trend, the stock is expected to rise 6.81% during the next 3 months and, with a 90% probability hold a price between £418.70 and £433.93 at the end of this 3-month period.
IEM.L Signals & Forecast
There are few to no technical positive signals at the moment. The Impax Environmental Markets Plc stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at £397.07 and £393.94. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, April 02, 2024, and so far it has fallen -2.61%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Impax Environmental Markets Plc stock
Impax Environmental Markets Plc finds support from accumulated volume at £377.50 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved £11.90 between high and low, or 3.07%. For the last week the stock has had daily average volatility of 1.92%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (IEM.L) For The Upcoming Trading Day Of Tuesday 16th
For the upcoming trading day on Tuesday, 16th we expect Impax Environmental Markets Plc to open at £393.37, and during the day (based on 14 day Average True Range), to move between £385.40 and £398.60, which gives a possible trading interval of +/-£6.60 (+/-1.68%) up or down from last closing price. If Impax Environmental Markets Plc takes out the full calculated possible swing range there will be an estimated 3.37% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £394.50 (0.64%) than the support at £377.50 (3.70%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Impax Environmental Markets Plc stock A Buy?
The Impax Environmental Markets Plc stock holds several negative signals and despite the positive trend, we believe Impax Environmental Markets Plc will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Sell candidate.
Current score: -2.533 Sell Candidate Downgraded
Predicted Opening Price for Impax Environmental Markets Plc of Tuesday, April 16, 2024
| Fair opening price April 16, 2024 | Current price |
|---|---|
| £393.37 ( 0.349%) | £392.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IEM.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 405.27 | 3.38 % | |
| R2 | 400.72 | 2.22 % | ||
| R1 | 397.91 | 1.51 % | ||
| Current price: | 392.00 | |||
| Support | S1 | 388.82 | -0.81 % | |
| S2 | 386.01 | -1.53 % | ||
| S3 | 381.47 | -2.69 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 399.50 | 1.91 % | |
| R2 | 399.00 | 1.79 % | ||
| R1 | 394.50 | 0.638 % | ||
| Current price | 392.00 | |||
| Support | S1 | 377.50 | -3.70% | |
| S2 | 371.50 | -5.23% | ||
| S3 | 371.00 | -5.36% |
IEM Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 15, 2024 | Feb 15, 2024 | Mar 15, 2024 | £2.90 | 0.741% |
| 2 | Aug 10, 2023 | Aug 10, 2023 | Aug 10, 2023 | £0.0170 | 0.0042% |
| 3 | Feb 01, 2023 | Feb 09, 2023 | Mar 10, 2023 | £2.50 | 0.592% |
| 4 | Jul 28, 2022 | Aug 04, 2022 | Aug 26, 2022 | £1.50 | 0.326% |
| 5 | Dec 29, 2021 | Jan 06, 2022 | Jan 28, 2022 | £1.50 | 0.343% |
FAQ
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