RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of IGM.TO
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IGM Financial Inc. stock price ended at $34.95 on Wednesday, after gaining 0.402%.
(Updated on Mar 27, 2024)

Sell candidate since Mar 25, 2024 Gain 0.43% PDF

The IGM Financial Inc. stock price gained 0.402% on the last trading day (Wednesday, 27th Mar 2024), rising from $34.81 to $34.95. During the last trading day the stock fluctuated 1.68% from a day low at $34.44 to a day high of $35.02. The price has risen in 6 of the last 10 days but is still down by -0.85% for this period. Volume fell on the last day by -48 thousand shares and in total, 131 thousand shares were bought and sold for approximately $4.58 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock is at the lower part of a horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $34.72 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect IGM Financial Inc. stock with a 90% probability to be traded between $34.59 and $36.59 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.

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IGM.TO Signals & Forecast

A buy signal was issued from a pivot bottom point on Friday, March 15, 2024, and so far it has risen 0.604%. 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. The IGM Financial Inc. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $34.99 and $35.49. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The stock had a Golden Star Signal on Friday, January 05, 2024 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Buy
Special Signal Notification

Golden Star 12 Months

The stock had a Golden Star Signal on Friday, January 05, 2024 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for IGM Financial Inc. stock

IGM Financial Inc. finds support from accumulated volume at $34.93 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 $0.580 between high and low, or 1.68%. For the last week the stock has had daily average volatility of 1.36%.

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

Trading Expectations (IGM.TO) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect IGM Financial Inc. to open at $34.80, and during the day (based on 14 day Average True Range), to move between $34.37 and $35.53, which gives a possible trading interval of +/-$0.577 (+/-1.65%) up or down from last closing price. If IGM Financial Inc. takes out the full calculated possible swing range there will be an estimated 3.30% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $34.93 (0.06%) than the resistance at $35.57 (1.77%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is IGM Financial Inc. stock A Buy?

IGM Financial Inc. holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

Current score: -1.469 Sell Candidate Unchanged

Predicted Opening Price for IGM Financial Inc. of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$34.80 ( 0.420%) $34.95

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

Trading levels for IGM.TO

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 35.38 1.24 %
R2 35.16 0.606 %
R1 35.02 0.214 %
Current price: 34.95
Support S1 34.58 -1.05 %
S2 34.44 -1.45 %
S3 34.22 -2.08 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 36.37 4.06 %
R2 35.65 2.00 %
R1 35.57 1.77 %
Current price 34.95
Support S1 34.93 -0.0572%
S2 34.76 -0.544%
S3 34.74 -0.601%

IGM Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Feb 15, 2024 Mar 27, 2024 Apr 30, 2024 $0.563 1.61%
2 Nov 01, 2023 Dec 28, 2023 Jan 31, 2024 $0.563 1.55%
3 Aug 02, 2023 Sep 28, 2023 Oct 31, 2023 $0.563 1.80%
4 May 03, 2023 Jun 29, 2023 Oct 31, 2023 $0.563 1.80%
5 Mar 30, 2023 Mar 30, 2023 Apr 28, 2023 $0.563 1.35%

FAQ

What is the symbol for IGM Financial Inc. Stock and on which exchange is it traded?
The symbol for IGM Financial Inc. is IGM.TO and it is traded on the TSX (Toronto Stock Exchange).

Should I buy or sell IGM Financial Inc. Stock?
IGM Financial Inc. holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

How to buy IGM Financial Inc. Stock?
IGM Financial Inc. Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy IGM Financial Inc. Stock.

What's the current price of IGM Financial Inc. Stock?
As of the end of day on the 2024-03-27, the price of an IGM Financial Inc. (IGM.TO) share was $34.95.

What is the 52-week high and low for IGM Financial Inc. Stock?
The 52-week high for IGM Financial Inc. Stock is $42.02 and the 52-week low is $30.34.

What is the market capitalization of IGM Financial Inc. Stock?
As of the 2024-03-27, the market capitalization of IGM Financial Inc. is 8.323B.

When is the next earnings date for IGM Financial Inc.?
The upcoming earnings date for IGM Financial Inc. is May 02, 2024.
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About IGM Financial Inc.

IGM Financial. IGM Financial Inc. operates as a wealth and asset management company in Canada. It operates through Wealth Management, Asset Management, and Strategic Investments and Other segments. The company offers financial advisory services; IG Living Plan that provides financial planning services, such as investment vehicles, insurance products, mortgage and banking solutions, and charitable giving program; IG Wealth Management Advisor Portal, a customer r... IGM.TO Profile

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