Angold Resources Ltd. Stock Forecast
Red day on Friday for Angold Resources Ltd.
(Updated on Jun 28, 2024)
No changes to the price of Angold Resources Ltd. stock on the last trading day (Friday, 28th Jun 2024). During the last trading day the stock fluctuated 0% from a day low at $0.105 to a day high of $0.105. The price has been going up and down for this period, and there has been a 16.67% gain for the last 2 weeks.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -25.49% during the next 3 months and, with a 90% probability hold a price between $0.0549 and $0.0878 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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AAUGF Signals & Forecast
The Angold Resources Ltd. 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 $0.0986 and $0.104. 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). Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". The very low volume increases the risk and reduces the other technical signals issued. 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 Wednesday, June 26, 2024, and so far it has fallen -12.50%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Angold Resources Ltd. stock
Angold Resources Ltd. finds support from accumulated volume at $0.102 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 very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". 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 14.36%.
Our recommended stop-loss: $0.0988 (-5.94%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 3 days ago.)
Trading Expectations (AAUGF) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Angold Resources Ltd. to open at $0.105, and during the day (based on 14 day Average True Range), to move between $0.0882 and $0.122, which gives a possible trading interval of +/-$0.0168 (+/-16.04%) up or down from last closing price. If Angold Resources Ltd. takes out the full calculated possible swing range there will be an estimated 32.08% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.102 (3.28%) than the resistance at $0.114 (8.39%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Angold Resources Ltd. stock A Buy?
Angold Resources Ltd. 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: -0.616 Hold/Accumulate Unchanged
Predicted Opening Price for Angold Resources Ltd. of Monday, July 1, 2024
Fair opening price July 1, 2024 | Current price |
---|---|
$0.105 ( 0%) | $0.105 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AAUGF
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.105 | - |
R2 | 0.105 | - |
R1 | 0.105 | - |
Price | 0.105 | |
S1 | 0.105 | - |
S2 | 0.105 | - |
S3 | 0.105 | - |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.130 | 23.81% |
R2 | 0.124 | 18.10% |
R1 | 0.114 | 8.39% |
Price | 0.105 | |
S1 | 0.102 | -3.28% |
S2 | 0.101 | -3.81% |
S3 | 0.0970 | -7.62% |
FAQ
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