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\n\nInternational Media Acquisition Corp.\nStock Forecast
\n\n![](\"https://cdn.stockinvest.us/blog-stockinvest/assets/sparkles-blue.png\")
\n\nInternational Media Acquisition Corp. stock price ended on $11.32 on Tuesday after losing 0.352%
(Updated on Feb 27, 2024)\n
\n\nThe stock is moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect International Media Acquisition Corp. stock with a 90% probability to be traded between $11.38 and $11.61 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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\nIMAQ Signals & Forecast
\n Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The International Media Acquisition Corp. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $11.36 and $11.34. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, February 16, 2024, and so far it has fallen -0.96%. Further fall is indicated until a new bottom pivot has been found. 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. The very low volume increases the risk and reduces the other technical signals issued. The stock had a Golden Star Signal on Thursday, December 21, 2023 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
\nGolden Star 12 Months\n
\n\nThe stock had a Golden Star Signal on Thursday, December 21, 2023 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.\n\n
Support, Risk & Stop-loss for International Media Acquisition Corp. stock
\n\nInternational Media Acquisition Corp. finds support from accumulated volume at $11.27 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.\n
\n\nIn general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 0.171%\n
\n\n
\nOur recommended stop-loss:\n\n$10.84\n(-4.23%)\n (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 6 days ago.)\n
\n\nTrading Expectations (IMAQ) For The Upcoming Trading Day Of Wednesday 28th\n
\n\nFor the upcoming trading day on Wednesday, 28th we expect International Media Acquisition Corp. to open at $11.32, and during the day (based on 14 day Average True Range),\nto move between $11.28 and $11.36,\nwhich gives a possible trading interval of +/-$0.0440 (+/-0.39%) up or down from last closing price.\nIf International Media Acquisition Corp. takes out the full calculated possible swing range there will be an estimated 0.78% move between the lowest and the highest trading price during the day.\n
\n\nSince the stock is closer to the resistance from accumulated volume at $11.35\n(0.27%) than the support at $11.27\n(0.44%), our systems don't find the trading risk/reward intra-day\nattractive and any bets should be held until the stock is closer to the support level.\n
\nIs International Media Acquisition Corp. stock A Buy?
\n\nInternational Media Acquisition Corp. holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.\n
\n\n\nCurrent score:\n-0.726\n\n\n\nHold/Accumulate\n\n\nUnchanged\n\n\n
\nPredicted Opening Price for International Media Acquisition Corp. of Wednesday, February 28, 2024
\n| Fair opening price February 28, 2024 | \nCurrent price | \n
|---|---|
| \n\n$11.32\n( 0%)\n\n | \n\n$11.32\n | \n
The predicted opening price is based on yesterday's movements between high, low, and closing price.
News Digest
\nTrading levels for IMAQ
\nFibonacci Support & Resistance Levels
\n| \n | \n | Level | \nPrice | \n\n |
|---|---|---|---|---|
| \n\n\n\n | \nResistance | \nR3 | \n11.32 | \n\n.\n | \n
| R2 | \n11.32 | \n\n.\n | \n||
| R1 | \n11.32 | \n\n.\n | \n||
| Current price: | \n\n | \n | 11.32 | \n\n |
| \n\n\n\n | \nSupport | \nS1 | \n11.32 | \n\n.\n | \n
| S2 | \n11.32 | \n\n.\n | \n||
| S3 | \n11.32 | \n\n.\n | \n
Accumulated Volume Support & Resistance Levels
\n| \n | \n | Level | \nPrice | \n\n |
|---|---|---|---|---|
| \n\n\n\n | \nResistance | \nR3 | \n11.40 | \n\n 0.707\n%\n | \n
| R2 | \n11.36 | \n\n 0.353\n%\n | \n||
| R1 | \n11.35 | \n\n 0.265\n%\n | \n||
| Current price | \n\n | \n | 11.32 | \n\n |
| \n\n\n\n | \nSupport | \nS1 | \n11.27 | \n\n -0.442%\n | \n
| S2 | \n11.26 | \n\n -0.530%\n | \n||
| S3 | \n11.23 | \n\n -0.84%\n | \n
FAQ
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About International Media Acquisition Corp.
\n\n\n![\"International](\"/storage/logos/imac.org.in.png\")
\n\nInternational Media Acquisition Corp. does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses in the media and entertainment sector. The company was incorporated in 2021 and is based in North Brunswick, New Jersey.... IMAQ Profile\n
Golden Star
\n| \nTicker\n | \n\nDate\n | \n\nChange\n | \n\nPrice\n | \n
|---|---|---|---|
| \n\nMTCH \n\n | \n\n\nFeb 23\n\n | \n\n\n\n1.25%\n\n | \n\n\n$36.86\n\n | \n
| \n\nORI \n\n | \n\n\nFeb 23\n\n | \n\n\n\n0.87%\n\n | \n\n\n$28.74\n\n | \n
| \n\nLNC \n\n | \n\n\nFeb 23\n\n | \n\n\n\n1.28%\n\n | \n\n\n$27.34\n\n | \n
| \n\nVWOB \n\n | \n\n\nFeb 21\n\n | \n\n\n\n0.514%\n\n | \n\n\n$62.29\n\n | \n
| \n\nFALN \n\n | \n\n\nFeb 21\n\n | \n\n\n\n0.0378%\n\n | \n\n\n$26.48\n\n | \n
| \n\nPHM \n\n | \n\n\nFeb 21\n\n | \n\n\n\n3.13%\n\n | \n\n\n$103.62\n\n | \n
| \n\nAEL \n\n | \n\n\nFeb 21\n\n | \n\n\n\n0.163%\n\n | \n\n\n$55.24\n\n | \n
| \n\nTMUS \n\n | \n\n\nFeb 20\n\n | \n\n\n\n1.59%\n\n | \n\n\n$162.05\n\n | \n
| \n\nCHE \n\n | \n\n\nFeb 20\n\n | \n\n\n\n1.80%\n\n | \n\n\n$586.04\n\n | \n
| \n\nMTD \n\n | \n\n\nFeb 16\n\n | \n\n\n\n2.17%\n\n | \n\n\n$1,187.44\n\n | \n
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