Imperial Brands Plc Forecast and Stock Analysis
Technical IMB.L stock analysis for Friday May 17, 2019.
Imperial Brands Plc gained 1.50% in the last trading day ( Friday, 17th May 2019 ), rising from £2 130.00 to £2 162.00 , 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 day the stock fluctuated 2.34% from a day low at £2 112.50 to a day high of £2 162.00. The price has fallen in 6 of the last 10 days and is down by -8.33% for this period. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 0.64 million more shares were traded than the day before. In total, 3.96 million shares bought and sold for approximately £8 554.38 million.
- 30 day high of the IMB.L stock price was £2 553.00 and low was £2 095.00.
- 90 day high was £2 713.50 and low was £2 095.00.
- 52 week high for the Imperial Brands Plc - £3 009.00 and low - £2 095.00.
Imperial Brands Plc lies in the lower of a wide and falling trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trend line at £2 115.14 will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -14.87% during the next 3 months and, with 90% probability hold a price between £1 800.62 and £2 060.20 at the end of this period.
A buy signal was issued from a pivot bottom point on Wednesday May 15, 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. Imperial Brands Plc holds a buysignal from the short-term moving average; at the same time, however, a sales signal from the long-term average. Since the longterm average is above the short-term average there is a general sales signal in the stock. On further gains, the stock will meet resistance from the long-term moving average at £2 421.40. On a fall, the stock will find some support from the short-term average at £2 161.57. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sales signal and strengthen the general signal.
Relative Strength Index (RSI)
The stock currently holds a RSI14 at 22 and is oversold on RSI14. The stock being oversold is no guarantee for instant reaction up as some stocks may be oversold for a long time. It is important to review the previous RSI-history to get an indication of the RSI-sensitiveness.
Support & Resistance
Imperial Brands Plc finds support from accumulated volume at £2 146.50.
This stock may move much during a 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 £49.50 between high and low, or 2.34%. For the last week, the stock has had a daily average volatility of 1.65%.
Imperial Brands Plc is oversold on RSI14 (22). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
1.65 %Average volatility
Very Low Low Medium High Very High
Imperial Brands Plc holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
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