Imaginatik Plc Forecast and Stock Analysis
Technical IMTK.L stock analysis for February 18, 2019.
No changes to the price of Imaginatik Plc in the last trading day. The price has been going up and down for this period, and there has been a 4.42% gain for the last 2 weeks.
Close price at the end of the last trading day (Monday, 18th Feb 2019) of the IMTK.L stock was £0.95.
During day the stock fluctuated 0.00% from a day low at £0.95 to a day high of £0.95.
30 day high of the IMTK.L stock price was £1.11 and low was £0.84.
90 day high was £4.13 and low was £0.84.
52 week high for the Imaginatik Plc - £12.25 and low - £0.46.
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 -38.40% during the next 3 months and, with 90% probability hold a price between £0.23 and £1.20 at the end of this period.
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 £0.95 and £1.11. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Friday February 15, 2019, which indicates further falls until a new bottom pivot has been found. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Relative Strength Index (RSI)
RSI14 is 59 and the stock is currently not being overbought or oversold
Support & Resistance
Imaginatik Plc finds support from accumulated volume at £0.93.
This stock may move much during a day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved £0.00 between high and low, or 0.00%. For the last week the stock has had a daily average volatility of 0.00%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
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Evaluation: Sell Candidate
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.