Centerra Gold Inc. Stock Forecast
Green day on Friday for Centerra Gold Inc. stock after gaining 1.49%
(Updated on May 03, 2024)
The Centerra Gold Inc. stock price gained 1.49% on the last trading day (Friday, 3rd May 2024), rising from $6.04 to $6.13. During the last trading day the stock fluctuated 4.15% from a day low at $6.03 to a day high of $6.28. The price has been going up and down for this period, and there has been a -0.97% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 178 thousand more shares were traded than the day before. In total, 431 thousand shares were bought and sold for approximately $2.64 million.
The stock lies in the middle of a 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 27.51% during the next 3 months and, with a 90% probability hold a price between $7.38 and $8.25 at the end of this 3-month period.
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CGAU Signals & Forecast
The Centerra Gold Inc. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $6.19. On a fall, the stock will find some support from the long-term average at approximately $6.00. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Volume is rising along with the price. This is considered to be a good technical signal. 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 Friday, April 26, 2024, and so far it has fallen -3.62%. 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).
Support, Risk & Stop-loss for Centerra Gold Inc. stock
Centerra Gold Inc. finds support from accumulated volume at $6.07 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.250 (4.15%) between high and low. For the last week, the stock has had daily average volatility of 2.96%.
Our recommended stop-loss: $5.82 (-5.00%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 5 days ago.)
Trading Expectations (CGAU) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Centerra Gold Inc. to open at $6.15, and during the day (based on 14 day Average True Range), to move between $5.93 and $6.33, which gives a possible trading interval of +/-$0.196 (+/-3.19%) up or down from last closing price. If Centerra Gold Inc. takes out the full calculated possible swing range there will be an estimated 6.38% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $6.15 (0.33%) than the support at $6.07 (0.98%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Centerra Gold Inc. stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Centerra Gold Inc. stock to perform well in the short-term.
Current score: 3.344 Buy Candidate Unchanged
Predicted Opening Price for Centerra Gold Inc. of Monday, May 6, 2024
Fair opening price May 6, 2024 | Current price |
---|---|
$6.15 ( 0.272%) | $6.13 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CGAU
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 6.40 | 4.35 % | |
R2 | 6.30 | 2.79 % | ||
R1 | 6.24 | 1.83 % | ||
Current price: | 6.13 | |||
Support | S1 | 6.05 | -1.29 % | |
S2 | 5.99 | -2.25 % | ||
S3 | 5.90 | -3.81 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 6.29 | 2.61 % | |
R2 | 6.16 | 0.489 % | ||
R1 | 6.15 | 0.326 % | ||
Current price | 6.13 | |||
Support | S1 | 6.07 | -0.98% | |
S2 | 5.99 | -2.28% | ||
S3 | 5.66 | -7.67% |
CGAU Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 12, 2024 | Mar 12, 2024 | Mar 27, 2024 | $0.0518 | 0.89% |
2 | Oct 31, 2023 | Nov 14, 2023 | Nov 29, 2023 | $0.0500 | 0.85% |
3 | Jul 31, 2023 | Aug 14, 2023 | Aug 29, 2023 | $0.0530 | 0.87% |
4 | May 15, 2023 | May 26, 2023 | Jun 12, 2023 | $0.0510 | 0.82% |
5 | Feb 23, 2023 | Mar 13, 2023 | Mar 28, 2023 | $0.0510 | 0.776% |
FAQ
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