i3 Energy Plc Stock Forecast
i3 Energy Plc stock downgraded to Buy Candidate
(Updated on Apr 22, 2024)
The i3 Energy Plc stock price fell by -2.48% on the last day (Monday, 22nd Apr 2024) from £12.90 to £12.58. During the last trading day the stock fluctuated 7.99% from a day low at £12.02 to a day high of £12.98. The price has risen in 6 of the last 10 days and is up by 3.8% over the past 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 -443 thousand shares and in total, 2 million shares were bought and sold for approximately £20.26 million.
The stock lies in the upper part of a very wide and strong rising 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 £12.96 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 37.41% during the next 3 months and, with a 90% probability hold a price between £14.17 and £17.80 at the end of this 3-month period.
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I3E.L Signals & Forecast
The i3 Energy Plc 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 £12.24 and £10.64. 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 Friday, April 19, 2024, and so far it has fallen -2.48%. 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 together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for i3 Energy Plc stock
i3 Energy Plc finds support from accumulated volume at £12.16 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 much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved £0.96 between high and low, or 7.99%. For the last week, the stock has had daily average volatility of 6.92%.
Our recommended stop-loss: £11.99 (-4.68%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (I3E.L) For The Upcoming Trading Day Of Tuesday 23rd
For the upcoming trading day on Tuesday, 23rd we expect i3 Energy Plc to open at £12.53, and during the day (based on 14 day Average True Range), to move between £11.87 and £13.29, which gives a possible trading interval of +/-£0.710 (+/-5.64%) up or down from last closing price. If i3 Energy Plc takes out the full calculated possible swing range there will be an estimated 11.28% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £12.90 (2.54%) than the support at £12.16 (3.34%), 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 i3 Energy Plc 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 i3 Energy Plc stock to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.
Current score: 2.366 Buy Candidate Downgraded
Predicted Opening Price for i3 Energy Plc of Tuesday, April 23, 2024
| Fair opening price April 23, 2024 | Current price |
|---|---|
| £12.53 ( 0.424%) | £12.58 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for I3E.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 13.49 | 7.21 % | |
| R2 | 13.12 | 4.29 % | ||
| R1 | 12.89 | 2.49 % | ||
| Current price: | 12.58 | |||
| Support | S1 | 12.16 | -3.34 % | |
| S2 | 11.93 | -5.14 % | ||
| S3 | 11.57 | -8.06 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 12.90 | 2.54 % | ||
| Current price | 12.58 | |||
| Support | S1 | 12.16 | -3.34% | |
| S2 | 11.64 | -7.47% | ||
| S3 | 10.80 | -14.15% |
I3E Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 11, 2024 | Apr 11, 2024 | May 03, 2024 | £0.257 | 2.04% |
| 2 | Jan 18, 2024 | Jan 18, 2024 | Feb 09, 2024 | £0.0026 | 0.0286% |
| 3 | Oct 12, 2023 | Oct 12, 2023 | Oct 12, 2023 | £0.257 | 1.95% |
| 4 | May 25, 2023 | May 25, 2023 | May 25, 2023 | £0.171 | 0.93% |
| 5 | Apr 20, 2023 | Apr 20, 2023 | Apr 20, 2023 | £0.171 | 0.87% |
FAQ
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