International Tower Hill Mines Ltd(USA] Stock Forecast
Evaluation of International Tower Hill Mines Ltd(USA] stock downgraded after the last trading session.
(Updated on Apr 26, 2024)
The International Tower Hill Mines Ltd(USA] stock price fell by -0.84% on the last day (Friday, 26th Apr 2024) from $0.654 to $0.649. During the last trading day the stock fluctuated 5.48% from a day low at $0.635 to a day high of $0.670. The price has fallen in 6 of the last 10 days and is down by -13.61% for this period. Volume has increased on the last day by 25 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 97 thousand shares were bought and sold for approximately $63.10 thousand.
The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.605 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 24.67% during the next 3 months and, with a 90% probability hold a price between $0.754 and $1.03 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
THM Signals & Forecast
There are few to no technical positive signals at the moment. The International Tower Hill Mines Ltd(USA] stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $0.653 and $0.673. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, April 11, 2024, and so far it has fallen -18.88%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). International Tower Hill Mines Ltd(USA] gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for International Tower Hill Mines Ltd(USA] stock
International Tower Hill Mines Ltd(USA] finds support from accumulated volume at $0.620 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.0348 between high and low, or 5.48%. For the last week, the stock has had daily average volatility of 5.43%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (THM) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect International Tower Hill Mines Ltd(USA] to open at $0.651, and during the day (based on 14 day Average True Range), to move between $0.602 and $0.695, which gives a possible trading interval of +/-$0.0464 (+/-7.15%) up or down from last closing price. If International Tower Hill Mines Ltd(USA] takes out the full calculated possible swing range there will be an estimated 14.30% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.620 (4.44%) than the resistance at $0.710 (9.43%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is International Tower Hill Mines Ltd(USA] stock A Buy?
The International Tower Hill Mines Ltd(USA] stock holds several negative signals and despite the positive trend, we believe International Tower Hill Mines Ltd(USA] will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Sell candidate.
Current score: -5.042 Strong Sell Candidate Downgraded
Predicted Opening Price for International Tower Hill Mines Ltd(USA] of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $0.651 ( 0.370%) | $0.649 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for THM
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.686 | 5.73 % | |
| R2 | 0.673 | 3.68 % | ||
| R1 | 0.664 | 2.42 % | ||
| Current price: | 0.649 | |||
| Support | S1 | 0.638 | -1.68 % | |
| S2 | 0.630 | -2.94 % | ||
| S3 | 0.616 | -4.99 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.751 | 15.75 % | |
| R2 | 0.728 | 12.13 % | ||
| R1 | 0.710 | 9.43 % | ||
| Current price | 0.649 | |||
| Support | S1 | 0.620 | -4.44% | |
| S2 | 0.620 | -4.46% | ||
| S3 | 0.610 | -5.98% |
FAQ
Click here for our free guide on how to buy International Tower Hill Mines Ltd(USA] Stock.
![International Tower Hill Mines Ltd(USA]](/storage/logos/ithmines.com.png)
