Primero Mining Corp Fund Forecast

High volatility in Primero Mining Corp fund price on Friday which ended trading at $0.157
(Updated on Aug 25, 2017)

PPP Signals & Forecast

A buy signal was issued from a pivot bottom point on Monday, August 14, 2017, and so far it has fallen -0.0573%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Primero Mining Corp fund holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the fund giving a more negative forecast for the stock. On further gains, the fund will meet resistance from the long-term Moving Average at $0.287. On a fall, the fund will find some support from the short-term average at $0.157. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point".

Support, Risk & Stop-loss for Primero Mining Corp fund

There is no support from accumulated volume below today's level and given the right condition the fund may perform very badly in the next couple of days.

In general the fund 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 fund During the last day, the fund moved $0.0370 between high and low, or 23.87%. For the last week the fund has had daily average volatility of 23.87%

Primero Mining Corp is oversold on RSI14 (1). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (PPP) For The Upcoming Trading Day Of Monday 28th

For the upcoming trading day on Monday, 28th we expect Primero Mining Corp to open at $0.168, and during the day (based on 14 day Average True Range), to move between $0.125 and $0.190, which gives a possible trading interval of +/-$0.0325 (+/-20.70%) up or down from last closing price. If Primero Mining Corp takes out the full calculated possible swing range there will be an estimated 41.40% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ $0.157, some $0.00009 (0.06%) from the current price of $0.157, our system finds the risk reward not very attractive.

Is Primero Mining Corp fund A Buy?

Primero Mining Corp holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this fund.

Current score: -2.550 Sell Candidate Unchanged

Predicted Opening Price for Primero Mining Corp of Monday, August 28, 2017

The predicted opening price is based on yesterday's movements between high, low, and closing price.