Azincourt Energy Corp. Stock Forecast

Red day on Monday for Azincourt Energy Corp.
(Updated on Jun 24, 2024)

AAZ.V Signals & Forecast

There are mixed signals in the stock today. The Azincourt Energy Corp. 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 $0.0271 and $0.0280. A break-up above any of these levels will issue buy signals. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued. A buy signal was issued from a pivot bottom point on Thursday, June 20, 2024, and so far it has fallen 0%. 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).

Buy

Special Signal Notification

Double Bottom Formation

Support, Risk & Stop-loss for Azincourt Energy Corp. stock

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock 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 8.00%

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (AAZ.V) For The Upcoming Trading Day Of Tuesday 25th

For the upcoming trading day on Tuesday, 25th we expect Azincourt Energy Corp. to open at $0.0250, and during the day (based on 14 day Average True Range), to move between $0.0214 and $0.0286, which gives a possible trading interval of +/-$0.0036 (+/-14.47%) up or down from last closing price. If Azincourt Energy Corp. takes out the full calculated possible swing range there will be an estimated 28.95% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ $0.0300, some $0.0050 (20.00%) from the current price of $0.0250, our system finds the risk reward not very attractive.

Is Azincourt Energy Corp. stock A Buy?

Azincourt Energy Corp. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

Current score: -2.224 Sell Candidate Unchanged

Predicted Opening Price for Azincourt Energy Corp. of Tuesday, June 25, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.