IMPP Stock Price Today

IMPP Stock Price Today – 3.74 USD (30-April 2024). IMPP stock represents ownership in Imperial Petroleum Inc., a Greece-based international shipping company specializing in the transportation of various petroleum and petrochemical products. Here’s a breakdown of key details about IMPP stock: We discuss about in this article IMPP Stock Price Today, Forecast, Target Level Signals and many more important things.

IMPP Stock Price Today – 3.74 USD (30-April 2024)

Company: Imperial Petroleum Inc. Stock Symbol: IMPP Stock Exchange: NASDAQ

What They Do:

• Imperial Petroleum focuses on transporting liquid products like gasoline, diesel, fuel oil, and jet fuel via maritime routes.
• They also handle edible oils, chemicals, crude oil, iron ore, coal, grains, and other dry bulk cargo using specialized drybulk carriers.

Current Status (as of April 30, 2024):

• The stock price is around $3.74, which reflects a 4.76% increase from the opening price on April 29th, 2024.
• Limited analyst coverage makes future price predictions challenging. However, one source suggests a target price of $8.00, indicating a potential upside. CoinCodex, on the other hand, predicts a short-term decline.

Before Investing:

• Conduct your own research to understand Imperial Petroleum’s financial performance, past stock price movements, and industry trends.
• Consider the overall market conditions and potential risks involved in any stock investment.

Additional Resources:

• You can find more information about Imperial Petroleum on their investor relations page or financial news websites.
• Financial websites and investment tools can provide further details about IMPP stock price history, analysis, and potential future performance.

Imperial Petroleum stock downgraded to Buy Candidate

The Imperial Petroleum stock price gained 4.76% on the last trading day (Monday, 29th Apr 2024), rising from $3.57 to $3.74. It has now gained 5 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 6.23% from a day low at $3.53 to a day high of $3.75.

The price has risen in 6 of the last 10 days and is up by 10.32% 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, 143 thousand more shares were traded than the day before. In total, 421 thousand shares were bought and sold for approximately $1.57 million.

The stock lies in the upper part of a 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 $3.83 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 11.28% during the next 3 months and, with a 90% probability hold a price between $3.51 and $4.26 at the end of this 3-month period.

IMPP Signals & Forecast

The Imperial Petroleum 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 $3.44 and $3.31. A breakdown below any of these levels will issue sell signals.

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 Thursday, April 11, 2024, and so far it has fallen -0.267%. 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).

Support, Risk & Stop-loss for Imperial Petroleum stock

Imperial Petroleum finds support from accumulated volume at $3.63 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 and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.220 between high and low, or 6.23%. For the last week, the stock has had daily average volatility of 5.23%.

Our recommended stop-loss: $3.60 (-3.84%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 12 days ago.)

Trading Expectations (IMPP) For The Upcoming Trading Day Of Tuesday 30th

For the upcoming trading day on Tuesday, 30th we expect Imperial Petroleum Inc. to open at $3.67, and during the day (based on 14 day Average True Range), to move between $3.53 and $3.95, which gives a possible trading interval of +/-$0.214 (+/-5.72%) up or down from last closing price. If Imperial Petroleum Inc. takes out the full calculated possible swing range there will be an estimated 11.44% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $3.75 (0.27%) than the support at $3.63 (2.94%), 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.

Trading Levels for IMPP

Is Imperial Petroleum Inc. 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 Imperial Petroleum 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.