iRadimed Corporation Stock Forecast
iRadimed Corporation stock upgraded to Buy Candidate.
(Updated on Mar 28, 2024)
The iRadimed Corporation stock price gained 1.43% on the last trading day (Thursday, 28th Mar 2024), rising from $43.37 to $43.99. During the last trading day the stock fluctuated 3.45% from a day low at $43.15 to a day high of $44.64. The price has risen in 6 of the last 10 days and is up by 1.03% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 25 thousand more shares were traded than the day before. In total, 61 thousand shares were bought and sold for approximately $2.68 million.
The stock lies in the middle of a 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 -5.01% during the next 3 months and, with a 90% probability hold a price between $37.84 and $43.33 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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IRMD Signals & Forecast
The iRadimed Corporation stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $43.62 and $43.77. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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. A sell signal was issued from a pivot top point on Wednesday, March 13, 2024, and so far it has fallen -2.24%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for iRadimed Corporation stock
iRadimed Corporation finds support from accumulated volume at $43.54 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 $1.49 (3.45%) between high and low. For the last week, the stock has had daily average volatility of 3.22%.
Our recommended stop-loss: $42.04 (-4.42%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 11 days ago.)
Trading Expectations (IRMD) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect iRadimed Corporation to open at $43.93, and during the day (based on 14 day Average True Range), to move between $42.59 and $45.39, which gives a possible trading interval of +/-$1.40 (+/-3.19%) up or down from last closing price. If iRadimed Corporation takes out the full calculated possible swing range there will be an estimated 6.38% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $43.54 (1.02%) than the resistance at $45.00 (2.30%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is iRadimed Corporation stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 1.039 Buy Candidate Upgraded
Predicted Opening Price for iRadimed Corporation of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$43.93 ( 0.144%) | $43.99 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IRMD
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 45.42 | 3.24 % | |
R2 | 44.85 | 1.95 % | ||
R1 | 44.50 | 1.15 % | ||
Current price: | 43.99 | |||
Support | S1 | 43.36 | -1.44 % | |
S2 | 43.01 | -2.24 % | ||
S3 | 42.44 | -3.53 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 46.55 | 5.82 % | |
R2 | 45.61 | 3.68 % | ||
R1 | 45.00 | 2.30 % | ||
Current price | 43.99 | |||
Support | S1 | 43.54 | -1.02% | |
S2 | 43.24 | -1.70% | ||
S3 | 42.20 | -4.07% |
IRMD Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Dec 12, 2023 | Dec 21, 2023 | Jan 12, 2024 | $0.630 | 1.39% |
2 | Feb 06, 2023 | Feb 10, 2023 | Feb 21, 2023 | $1.05 | 2.86% |
3 | Feb 07, 2022 | Feb 16, 2022 | Feb 24, 2022 | $1.00 | 2.11% |
FAQ
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