Stronger Sell Today IMTK.L ranks #2976 as SELL CANDIDATE. Weaker Sell
Today IMTK.L ranks #2976 as SELL CANDIDATE.

IMTK.L stock Imaginatik Plc

IMTK.L stock
Imaginatik Plc

Tue 11'th Dec 2018

PERIOD 2018-09-12 - 2018-12-11
CHANGE -12.90%
VOLUME
Sell
TREND
Sell

MV LONG
Sell

MV SHORT
Sell

PIVOT
Sell

MACD
Sell
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Imaginatik Plc Stock Analysis

Technical stock analysis for Tue 11'th Dec 2018

Sell candidate since 2018-12-07 Loss -12.90%

Imaginatik Plc fell by -12.90% in the last day from £1.55 to £1.35 The price has fallen in 5 of the last 10 days and is down by -10% for this period. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -3.18 million shares and in total 2.03 million shares bought and sold for approximately £2.74 million.

Trend

Imaginatik Plc lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -56.22% during the next 3 months and, with 90% probability hold a price between £-1.15 and £1.93 at the end of this period.

Click here for today's Top 5 Trending Companies

Signals

There are few to none technical positive signals at the moment. Imaginatik Plc holds sales signals from both short- and long-term moving averages. In addition, there is a general sales 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 £1.51 and £1.84. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Thursday December 06, 2018, which indicates further falls until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

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Relative Strength Index (RSI)

The stock currently holds a RSI14 at 29 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.

Access full RSI 14 and RSI 21 lists

Support & Resistance

On the downside, the stock finds support just below today's level from accumulated volume at £1.25.

With no support from accumulated volume below today's level the risk is increased, as a drop below the support at £0.00 may give a huge drop in the stock price.

Support: £1.25 Price: £1.35 Resistance: £1.55

Risk

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 £0.23 between high and low, or 16.98%. For the last week, the stock has had a daily average volatility of 20.61%.

Imaginatik Plc is oversold on RSI14 (29). 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.

Overall risk:

Very Low Low Medium High Very High

Evaluation

Imaginatik Plc holds several negative signals and is within a very 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.

Stronger Sell Today IMTK.L ranks #2976 as SELL CANDIDATE. Weaker Sell
Today IMTK.L ranks #2976 as SELL CANDIDATE.

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