IMB.L Forecast and Technical Stock Analysis
Buy candidate since 2019-08-13 Gain 0.57%
Imperial Brands Plc gained 1.05% in the last trading day ( Monday, 19th Aug 2019 ), rising from £20.89 to £21.11 , and has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the day the stock fluctuated 1.00% from a day low at £20.98 to a day high of £21.19. The price has been going up and down for this period, and there has been a 2.03% gain for the last 2 weeks. Volume fell in the last day by -409 657 shares and in total, 895 398 shares bought and sold for approximately £18.90 million. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.
- 30 day high of the IMB.L stock price was £21.99 and low was £20.29.
- 90 day high was £22.11 and low was £18.21.
- 52 week high for Imperial Brands Plc - £2 746.00 and low - £17.71.
Imperial Brands Plc 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 6.85% during the next 3 months and, with 90% probability hold a price between £20.59 and £23.76 at the end of this period.
Only positive signals in the chart today. Imperial Brands Plc 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 £20.95 and £20.76. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday August 12, 2019, which indicates further gains 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.
Relative Strength Index (RSI)
RSImin/max Values: [ 15 - 85 ]
RSI14 is 53 and the stock is currently not being overbought or oversold
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.
Support & Resistance
Imperial Brands Plc finds support from accumulated volume at £20.73.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved £0.21 (1.00%) between high and low. For the last week, the stock has had daily average volatility of 2.17%.
Our recommended stop-loss: £20.01 (-5.23%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 5 days ago.)
2.17 %Average volatility
Very Low Low Medium High Very High
Golden Star Signal
This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star.
This signal is rare and, in most cases, gives substantial returns. From 8.000 stocks usually only a few will trigger a Golden Star Signal per day!