IRSA Inversiones Y Representaciones SA Stock Forecast
Red day on Tuesday for IRSA Inversiones Y Representaciones SA
(Updated on Apr 23, 2024)
The IRSA Inversiones Y Representaciones SA stock price fell by -2.08% on the last day (Tuesday, 23rd Apr 2024) from $10.10 to $9.89. During the last trading day the stock fluctuated 3.06% from a day low at $9.80 to a day high of $10.10. The price has been going up and down for this period, and there has been a -3.42% loss for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -59 thousand shares and in total, 104 thousand shares were bought and sold for approximately $1.03 million.
The stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 17.40% during the next 3 months and, with a 90% probability hold a price between $9.78 and $12.36 at the end of this 3-month period.
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IRS Signals & Forecast
The IRSA Inversiones Y Representaciones SA stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $9.53 and $8.96. A breakdown below any of these levels will issue sell signals. 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 Monday, April 08, 2024, and so far it has fallen -3.51%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss for IRSA Inversiones Y Representaciones SA stock
On the downside, the stock finds support just below today's level from accumulated volume at $9.18 and $7.83. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, IRSA Inversiones Y Representaciones SA finds support just below today's level at $9.18. If this is broken, then the next support from accumulated volume will be at $7.83 and $7.74.
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 $0.300 between high and low, or 3.06%. For the last week the stock has had daily average volatility of 3.80%.
Our recommended stop-loss: $9.45 (-4.45%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 11 days ago.)
Trading Expectations (IRS) For The Upcoming Trading Day Of Wednesday 24th
For the upcoming trading day on Wednesday, 24th we expect IRSA Inversiones Y Representaciones SA to open at $9.93, and during the day (based on 14 day Average True Range), to move between $9.50 and $10.28, which gives a possible trading interval of +/-$0.395 (+/-3.99%) up or down from last closing price. If IRSA Inversiones Y Representaciones SA takes out the full calculated possible swing range there will be an estimated 7.98% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $9.91 (0.20%) than the support at $9.18 (7.18%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is IRSA Inversiones Y Representaciones SA stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for IRSA Inversiones Y Representaciones SA stock to perform well in the short-term.
Current score: 2.013 Buy Candidate Unchanged
Predicted Opening Price for IRSA Inversiones Y Representaciones SA of Wednesday, April 24, 2024
| Fair opening price April 24, 2024 | Current price |
|---|---|
| $9.93 ( 0.404%) | $9.89 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IRS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 10.23 | 3.44 % | |
| R2 | 10.12 | 2.28 % | ||
| R1 | 10.04 | 1.56 % | ||
| Current price: | 9.89 | |||
| Support | S1 | 9.82 | -0.754 % | |
| S2 | 9.74 | -1.47 % | ||
| S3 | 9.63 | -2.63 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 10.25 | 3.64 % | |
| R2 | 10.10 | 2.12 % | ||
| R1 | 9.91 | 0.202 % | ||
| Current price | 9.89 | |||
| Support | S1 | 9.18 | -7.18% | |
| S2 | 7.83 | -20.83% | ||
| S3 | 7.74 | -21.74% |
IRS Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 01, 2023 | Dec 06, 2023 | Dec 06, 2023 | $0.787 | 8.87% |
| 2 | May 10, 2023 | Nov 25, 2022 | Dec 05, 2022 | $0.187 | 3.78% |
| 3 | Nov 01, 2017 | Nov 10, 2017 | Nov 13, 2017 | $1.37 | 4.83% |
| 4 | Jul 03, 2014 | Jul 10, 2014 | Jul 25, 2014 | $0.121 | 0.772% |
| 5 | Nov 18, 2013 | Nov 18, 2013 | Nov 18, 2013 | $0.726 | 5.93% |
FAQ
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