Big movements in Callinex Mines Inc Ord stock price on Tuesday moving 13.85% between high and low

The Callinex Mines Inc Ord stock price gained 2.32% on the last trading day (Tuesday, 28th Mar 2023), rising from $2.59 to $2.65. During the last trading day the stock fluctuated 13.85% from a day low at $2.60 to a day high of $2.96. The price has been going up and down for this period, and there has been a 15.22% gain for the last 2 weeks. Volume fell on the last day by -53 thousand shares and in total, 148 thousand shares were bought and sold for approximately $391.18 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 30.85% during the next 3 months and, with a 90% probability hold a price between $2.62 and $4.27 at the end of this 3-month period.

The Callinex Mines Inc Ord stock holds buy signals from both short and long-term moving averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $2.18 and $2.35. 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, February 14, 2023, and so far it has fallen -8.30%. 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.

Callinex Mines Inc Ord finds support from accumulated volume at $2.59 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.360 between high and low, or 13.85%. For the last week the stock has had daily average volatility of 11.24%.

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 Callinex Mines Inc Ord stock to perform well in the short-term.