Recently, Imdex shares traded down in a longer term 'Oversold Trifecta' for only the 5th time in the past 15 years. Those metrics are a combination of when the share price simultaneously trades 2.5 standard deviations below its rolling weekly mean, (at least) down to or below its 200 week moving average and registers a weekly Oversold RSI (Relative Strength Indicator) reading. This was between $1.90 - $2.00 share price.
Im wanting to start a discussion, thoughts and beliefs about IMD as to what longer term shareholders might be feeling right now, with the company down 20% since September and I believe incredibly oversold.
What is IMD’s fair value? What does the future hold for the company?
IMD Share Price Discussion
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Last
$2.20 |
Change
-0.010(0.45%) |
Mkt cap ! $1.125B | |||
| Open | High | Low | Value | Volume |
| $2.19 | $2.22 | $2.18 | $501.4K | 227.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 2284 | $2.20 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.21 | 15052 | 37 |
View Market Depth
| Last trade - 12.43pm 26/06/2024 (20 minute delay) ? |
| IMD (ASX) Chart |