Million

Resistance

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>IMTE stock price surged 3.83% in the last trading session and is currently trading at $0.30.</a> </li> 
 <li> <span>2</span> <a>Integrated Media Technology share (NYSE: IMTE) has a total of 18.648 Million shares in free float which contributes about 90.14% of the total shares.</a> </li> 
</ul> 
<p>Integrated Media Technology Limited (NYSE: IMTE) is a company that specializes in glasses-free 3D display technology. It develops and sells products that create 3D effects without needing glasses. Its products, such as digital signage and video walls, are used for industrial purposes. It also provides 3D conversion equipment and software for film and video production.</p> 
<p>Integrated Media Technology’s share price currently trades at $0.30, inclining 3.83% in the last trading session. IMTE&nbsp; stock holds a market cap of $6.25 Million. It has a total of 9.3 Million shares outstanding. The PE ratio for the stock is negative as the company has reported its quarterly results to be in a net loss. The price-to-sales ratio of the stock is 14.43.</p> 
<h2 class="wp-block-heading" id="strong-imte-stock-price-prediction-using-price-action-strategy-strong"><strong>IMTE&nbsp; Stock Price Prediction Using Price Action Strategy</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large"> 
  <img decoding="async" loading="lazy" width="1024" height="483" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/08/IMTE-Stock-Price-Prediction-Using-Price-Action-Strategy-1024x483.webp" alt="IMTE&nbsp; Stock Price Prediction Using Price Action Strategy" class="wp-image-157407" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/08/IMTE-Stock-Price-Prediction-Using-Price-Action-Strategy-1024x483.webp 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/08/IMTE-Stock-Price-Prediction-Using-Price-Action-Strategy-300x142.webp 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/08/IMTE-Stock-Price-Prediction-Using-Price-Action-Strategy-768x362.webp 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/08/IMTE-Stock-Price-Prediction-Using-Price-Action-Strategy-1536x725.webp 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2023/08/IMTE-Stock-Price-Prediction-Using-Price-Action-Strategy-750x354.webp 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/08/IMTE-Stock-Price-Prediction-Using-Price-Action-Strategy-1140x538.webp 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2023/08/IMTE-Stock-Price-Prediction-Using-Price-Action-Strategy.webp 1600w" sizes="(max-width: 1024px) 100vw, 1024px"> 
  <figcaption class="wp-element-caption">
    Source: Integrated Media Technology. 1D. NYSE By TradingView 
  </figcaption> 
 </figure> 
</div> 
<p>IMTE share price analysis reveals that the stock price has been in a free fall condition since July 2023, after a pullback followed by a breakdown. The price slid nearly 33% in the past 3 months but declined by more than 65% over the past 6 months.</p> 
<p>Currently, the price is observed to be taking a pullback and trying to recover the freefall. However, the price seems to be losing momentum, indicating the lack of buyer interest, and the pullback looks like the peace before another storm.</p> 
<p>Also, the price is trying a Rising wedge pattern after the breakdown of which the price may continue its free fall again to create a new swing low.</p> 
<h3 class="wp-block-heading" id="strong-imte-share-price-forecast-from-indicators-point-of-view-strong"><strong>IMTE&nbsp; Share Price Forecast from Indicators’ point of view</strong></h3> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large"> 
  <img decoding="async" loading="lazy" width="1024" height="483" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/08/IMTE-Share-Price-Forecast-from-Indicators-point-of-view-1024x483.webp" alt="IMTE&nbsp; Share Price Forecast from Indicators' point of view" class="wp-image-157406" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/08/IMTE-Share-Price-Forecast-from-Indicators-point-of-view-1024x483.webp 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/08/IMTE-Share-Price-Forecast-from-Indicators-point-of-view-300x142.webp 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/08/IMTE-Share-Price-Forecast-from-Indicators-point-of-view-768x362.webp 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/08/IMTE-Share-Price-Forecast-from-Indicators-point-of-view-1536x725.webp 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2023/08/IMTE-Share-Price-Forecast-from-Indicators-point-of-view-750x354.webp 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/08/IMTE-Share-Price-Forecast-from-Indicators-point-of-view-1140x538.webp 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2023/08/IMTE-Share-Price-Forecast-from-Indicators-point-of-view.webp 1600w" sizes="(max-width: 1024px) 100vw, 1024px"> 
  <figcaption class="wp-element-caption">
    Source: Integrated Media Technology. 1D. NYSE By TradingView 
  </figcaption> 
 </figure> 
</div> 
<p>As per the EMA analysis, the IMTE stock price is trading below both the 50 and 200 EMA, indicating a lack of buyers and bearish sentiment in the long and short term.</p> 
<p>At the time of publishing, the RSI value of the IMTE&nbsp; share price is 47.03, and that of the SMA line is 37.37. RSI is trying to recover after entering an oversold zone indicating the dominance of sellers in the market.</p> 
<h4 class="wp-block-heading"><strong>Conclusion</strong></h4> 
<p>IMTE stock price prediction concludes that the <a href="https://www.thecoinrepublic.com/2023/07/31/comcast-price-prediction-will-cmcsa-stock-price-keep-surging/" rel="noopener noreferrer nofollow">stock price</a> has been dropping sharply since July 2023, after a pullback followed by a breakdown of the previous swing low. The price has lost 33% in the past 3 months and 65% in the past 6 months. The price is trying to recover, but it is losing momentum and may fall again. The price is forming a rising wedge pattern, which may lead to another breakdown followed by the formation of another swing low.</p> 
<h5 class="wp-block-heading"><strong>Technical Levels</strong></h5> 
<ul> 
 <li><strong>Support levels:</strong> $0.23 and $0.20.</li> 
 <li><strong>Resistance levels:</strong> $0.34 and $0.40.</li> 
</ul> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.&nbsp;</p>

IMTE Stock Price Prediction: Are Bulls Still In The Game?

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