RSI low/high Values: [ 20 - 80 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of IKA.L
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Volatile ride for Ilika plc stock price on Wednesday moving between £27.06 and £31.00
(Updated on Mar 27, 2024)

Sell candidate since Mar 11, 2024 Loss -16.42% PDF

The Ilika plc stock price fell by -8.20% on the last day (Wednesday, 27th Mar 2024) from £30.50 to £28.00. During the last trading day the stock fluctuated 14.58% from a day low at £27.06 to a day high of £31.00. The price has fallen in 7 of the last 10 days and is down by -13.85% for this period. Volume has increased on the last day by 341 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, 481 thousand shares were bought and sold for approximately £13.46 million.

The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at £27.67 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -16.96% during the next 3 months and, with a 90% probability hold a price between £22.98 and £28.24 at the end of this 3-month period.

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IKA.L Signals & Forecast

A buy signal was issued from a pivot bottom point on Friday, March 22, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Ilika plc 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 £29.21 and £32.58. 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). 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 Ilika plc stock

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

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 £3.95 between high and low, or 14.58%. For the last week, the stock has had daily average volatility of 11.15%.

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

Trading Expectations (IKA.L) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Ilika plc to open at £28.69, and during the day (based on 14 day Average True Range), to move between £25.41 and £30.59, which gives a possible trading interval of +/-£2.59 (+/-9.25%) up or down from last closing price. If Ilika plc takes out the full calculated possible swing range there will be an estimated 18.49% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ £29.00, some £1.00 (3.57%) from the current price of £28.00, our system finds the risk reward not very attractive.

Is Ilika plc stock A Buy?

Ilika plc holds several negative signals and is within a wide and 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: -4.907 Sell Candidate Unchanged

Predicted Opening Price for Ilika plc of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
£28.69 ( 2.45%) £28.00

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

Trading levels for IKA.L

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 32.63 16.54 %
R2 31.12 11.15 %
R1 30.19 7.83 %
Current price: 28.00
Support S1 27.18 -2.94 %
S2 26.25 -6.26 %
S3 24.74 -11.64 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 34.00 21.43 %
R2 30.00 7.14 %
R1 29.00 3.57 %
Current price 28.00
Support S1 0 .
S2 0 .
S3 0 .

FAQ

What is the symbol for Ilika plc Stock and on which exchange is it traded?
The symbol for Ilika plc is IKA.L and it is traded on the XLON (London Stock Exchange).

Should I buy or sell Ilika plc Stock?
Ilika plc holds several negative signals and is within a wide and 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 Ilika plc Stock?
Ilika plc Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Ilika plc Stock.

What's the current price of Ilika plc Stock?
As of the end of day on the 2024-03-27, the price of an Ilika plc (IKA.L) share was £28.00.

What is the 52-week high and low for Ilika plc Stock?
The 52-week high for Ilika plc Stock is £67.00 and the 52-week low is £24.99.

What is the market capitalization of Ilika plc Stock?
As of the 2024-03-27, the market capitalization of Ilika plc is 44.513M.

When is the next earnings date for Ilika plc?
The upcoming earnings date for Ilika plc is Jul 11, 2024.
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About Ilika plc

Ilika plc Ilika plc engages in the design, development, and production of solid-state batteries under the Stereax name primarily in the United Kingdom, Asia, rest of Europe, and North America. It offers batteries for a range of applications in the industrial Internet of Things, electric vehicles, smart cities, consumer electronics, and medical sectors. The company was founded in 2004 and is headquartered in Romsey, the United Kingdom.... IKA.L Profile

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