Company Overview: Indivior PLC (LSE: INDV) is an FTSE 250 Index listed North Chesterfield, USA-headquartered speciality pharmaceutical company focusing on opioid addiction treatment drugs. The report covers the Price Action, Technical Indicators Analysis along with the Target Levels, Stop Loss Level, and Recommendation on this stock.

As per our previous report on INDV as on May 02, 2023, a ‘Speculative Buy’ recommendation was given on the stock at GBX 1465.00 for a period of 2-4 weeks and noted below are the details of the recommendation summary provided in the previous report:

Recommendation Summary as on May 02, 2023

Technical Analysis:

INDV’s prices are sustaining around an upward-sloping trend line for the past couple of sessions and continuously taking support of the same trend line, indicating the possibility of an upside movement hereon. The leading indicator RSI (14-period) is above the midpoint with a rating of 67.24, and the 21-period and 50-period SMAs are below the current market price (CMP), further supporting a positive bias.

Considering the recent price action and technical indicators analysis, the stock seems in the positive territory from the technical analysis standpoint; hence a ‘Hold’ rating is recommended on the stock at the current market price of GBX 1605 as on June 05, 2023 at 11:13 AM GMT+1 for a period of 1-2 weeks. The summary of Target Levels, Stop Loss and Trail Stop Loss for INDV is provided below: 

Note 1: Past performance is not a reliable indicator of future performance.

Note 2: The reference date for all price data, currency, technical indicators, support, and resistance levels is June 05, 2023 at 11:13 AM GMT+1. The reference data in this report has been partly sourced from REFINITIV.

Note 3: Investment decisions should be made depending on an individual's appetite for upside potential, risks, holding duration, and any previous holdings. An 'Exit' from the stock can be considered if the Target Price mentioned as per the Valuation and or the technical levels provided has been achieved and is subject to the factors discussed above.

Technical Indicators Defined: -

Stop-loss: In general, it is a level to protect further losses in case of any unfavourable movement in the stock prices.

A trailing stop-loss is a modification of stop-loss in case of favourable movement in the price to protect the gains. Individuals can Trail the Stop-Loss as per the aforementioned levels if the stock price achieves more than 50% of the Target 1. Individuals should consider exiting from the position as per the Trailing Stop-Loss level if the price starts moving downwards after achieving more than 50% of the Target 1.

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