IQ-AI Limited Stock Forecast
Big movements in IQ-AI Limited stock price on Tuesday moving 16.43% between high and low
(Updated on Apr 23, 2024)
The IQ-AI Limited stock price gained 1.84% on the last trading day (Tuesday, 23rd Apr 2024), rising from £1.52 to £1.55. During the last trading day the stock fluctuated 16.43% from a day low at £1.40 to a day high of £1.63. The price has been going up and down for this period, and there has been a 2.58% gain for the last 2 weeks. Volume fell on the last day by -95 thousand shares and in total, 388 thousand shares were bought and sold for approximately £601.36 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at £1.57 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -52.74% during the next 3 months and, with a 90% probability hold a price between £0.397 and £0.743 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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IQAI.L Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, March 26, 2024, and so far it has risen 14.81%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The IQ-AI Limited stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at £1.59. On a fall, the stock will find some support from the short-term average at £1.52. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Support, Risk & Stop-loss for IQ-AI Limited stock
IQ-AI Limited finds support from accumulated volume at £1.50 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved £0.230 between high and low, or 16.43%. For the last week the stock has had daily average volatility of 9.35%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (IQAI.L) For The Upcoming Trading Day Of Wednesday 24th
For the upcoming trading day on Wednesday, 24th we expect IQ-AI Limited to open at £1.53, and during the day (based on 14 day Average True Range), to move between £1.39 and £1.71, which gives a possible trading interval of +/-£0.161 (+/-10.42%) up or down from last closing price. If IQ-AI Limited takes out the full calculated possible swing range there will be an estimated 20.83% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £1.50 (3.23%) than the resistance at £1.65 (6.45%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is IQ-AI Limited stock A Buy?
IQ-AI Limited 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.119 Sell Candidate Downgraded
Predicted Opening Price for IQ-AI Limited of Wednesday, April 24, 2024
| Fair opening price April 24, 2024 | Current price |
|---|---|
| £1.53 ( 1.51%) | £1.55 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IQAI.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.76 | 13.33 % | |
| R2 | 1.67 | 7.66 % | ||
| R1 | 1.61 | 4.16 % | ||
| Current price: | 1.55 | |||
| Support | S1 | 1.44 | -7.17 % | |
| S2 | 1.38 | -10.68 % | ||
| S3 | 1.30 | -16.34 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.80 | 16.13 % | |
| R2 | 1.70 | 9.68 % | ||
| R1 | 1.65 | 6.45 % | ||
| Current price | 1.55 | |||
| Support | S1 | 1.50 | -3.23% | |
| S2 | 1.45 | -6.45% | ||
| S3 | 1.35 | -12.90% |
IQAI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 10, 2011 | Apr 06, 2011 | May 05, 2011 | £0.80 | 2.94% |
| 2 | Aug 11, 2010 | Aug 18, 2010 | Sep 24, 2010 | £1.60 | 2.74% |
| 3 | Mar 14, 2008 | Apr 02, 2008 | May 01, 2008 | £3.00 | 2.78% |
| 4 | Jul 27, 2007 | Aug 15, 2007 | Sep 07, 2007 | £3.30 | 1.41% |
| 5 | Jan 23, 2007 | Mar 28, 2007 | Apr 25, 2007 | £6.30 | 2.37% |
FAQ
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