Mosman Oil and Gas Limited Stock Forecast
Strong day for Mosman Oil and Gas Limited stock price on Tuesday rising 5.26% to £0.0020
(Updated on Sep 01, 2020)
The Mosman Oil and Gas Limited stock price gained 5.26% on the last trading day (Tuesday, 1st Sep 2020), rising from £0.0019 to £0.0020. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 0% from a day low at £0.0020 to a day high of £0.0020. The price has been going up and down for this period, and there has been a 233.33% gain for the last 2 weeks. Volume fell on the last day by -41 million shares and in total, 53 million shares were bought and sold for approximately £105.37 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 83.33% during the next 3 months and, with a 90% probability hold a price between £0.0032 and £0.0040 at the end of this 3-month period.
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MSMN.L Signals & Forecast
The Mosman Oil and Gas Limited stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at £0.0012 and £0.0007. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Tuesday, November 30, -1. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Support, Risk & Stop-loss for Mosman Oil and Gas Limited stock
On the downside, the stock finds support just below today's level from accumulated volume at £0.0019. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at £ may give a huge drop in the stock price.
In 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%
Our recommended stop-loss: £0 (-5.00%) (Unable to calculate.)
Trading Expectations (MSMN.L) For The Upcoming Trading Day Of Wednesday 2nd
With no resistance above and support from accumulated volume @ £0.0019, some £0.0001 (5.00%) from the current price of £0.0020, our system finds the risk reward attractive.
Is Mosman Oil and Gas Limited stock A Buy?
Mosman Oil and Gas Limited holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Mosman Oil and Gas Limited of Wednesday, September 2, 2020
| Fair opening price September 2, 2020 | Current price |
|---|---|
| £0.0020 ( 0%) | £0.0020 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MSMN.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0020 | . | |
| R2 | 0.0020 | . | ||
| R1 | 0.0020 | . | ||
| Current price: | 0.0020 | |||
| Support | S1 | 0.0020 | . | |
| S2 | 0.0020 | . | ||
| S3 | 0.0020 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 0.0020 | |||
| Support | S1 | 0.0019 | -5.00% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
FAQ
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