Ironveld Plc Stock Forecast
Red day on Friday for Ironveld Plc
(Updated on Apr 19, 2024)
No changes to the price of Ironveld Plc stock on the last trading day (Friday, 19th Apr 2024). During the last trading day the stock fluctuated 2.63% from a day low at £0.0950 to a day high of £0.0975. The price has been going up and down for this period, and there has been a -6.25% loss for the last 2 weeks.
The stock 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 -31.77% during the next 3 months and, with a 90% probability hold a price between £0.0514 and £0.0949 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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IRON.L Signals & Forecast
There are mixed signals in the stock today. The Ironveld Plc stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell 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 £0.101 and £0.133. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Thursday, March 28, 2024, and so far it has risen 8.33%. 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). Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Ironveld Plc stock
Ironveld Plc finds support from accumulated volume at £0.0950 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved £0.0025 between high and low, or 2.63%. For the last week, the stock has had daily average volatility of 3.95%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (IRON.L) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect Ironveld Plc to open at £0.0967, and during the day (based on 14 day Average True Range), to move between £0.0876 and £0.107, which gives a possible trading interval of +/-£0.0099 (+/-10.13%) up or down from last closing price. If Ironveld Plc takes out the full calculated possible swing range there will be an estimated 20.27% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £0.0950 (2.56%) than the resistance at £0.104 (6.67%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Ironveld Plc stock A Buy?
Ironveld 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.
Current score: -4.439 Sell Candidate Unchanged
Predicted Opening Price for Ironveld Plc of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| £0.0967 ( 0.85%) | £0.0975 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IRON.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0992 | 1.71 % | |
| R2 | 0.0982 | 0.730 % | ||
| R1 | 0.0976 | 0.125 % | ||
| Current price: | 0.0975 | |||
| Support | S1 | 0.0957 | -1.83 % | |
| S2 | 0.0951 | -2.44 % | ||
| S3 | 0.0942 | -3.42 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.110 | 12.82 % | |
| R2 | 0.105 | 7.69 % | ||
| R1 | 0.104 | 6.67 % | ||
| Current price | 0.0975 | |||
| Support | S1 | 0.0950 | -2.56% | |
| S2 | 0.0900 | -7.69% | ||
| S3 | 0 | . |
FAQ
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