Callinex Mines Inc Ord stock upgraded from Buy Candidate to Strong Buy Candidate after Thursday trading session.

The Callinex Mines Inc Ord stock price gained 2.93% on the last trading day (Thursday, 30th Mar 2023), rising from $2.86 to $2.94. It has now gained 4 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 4.90% from a day low at $2.86 to a day high of $3.00. The price has risen in 7 of the last 10 days and is up by 41.35% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 54 thousand more shares were traded than the day before. In total, 144 thousand shares were bought and sold for approximately $421.98 thousand.

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 32.37% during the next 3 months and, with a 90% probability hold a price between $2.75 and $4.38 at the end of this 3-month period.

Mostly positive signals in the chart today. The Callinex Mines Inc Ord 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 $2.45 and $2.38. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, March 20, 2023, and so far it has risen 49.24%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Callinex Mines Inc Ord has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk.

On the downside, the stock finds support just below today's level from accumulated volume at $2.59 and $2.51.There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Callinex Mines Inc Ord finds support just below today's level at $2.59. If this is broken, then the next support from accumulated volume will be at $2.51 and $2.29.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.140 between high and low, or 4.90%. For the last week, the stock has had daily average volatility of 11.67%.

Callinex Mines Inc Ord holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.