Almonty Industries Inc Stock Forecast
Almonty Industries Inc stock price ended at $0.590 on Thursday, after losing 0%.
(Updated on Jun 27, 2024)
No changes to the price of Almonty Industries Inc stock on the last trading day (Thursday, 27th Jun 2024). During the last trading day the stock fluctuated 1.69% from a day low at $0.590 to a day high of $0.600. The price has been going up and down for this period, and there has been a -7.81% loss for the last 2 weeks.
The stock has broken the very wide and weak rising short-term trend down. This signalizes a slower rate of rising, but may also be an early warning about a possible trend shift. Due to the trend being broken there will now be resistance at the bottom line of the trend at $0.591. A reaction back to this level may hold a second chance to get out before further falls.
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AII.TO Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, June 26, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. 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. The Almonty Industries Inc 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 $0.610 and $0.663. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Almonty Industries Inc 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.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.0100 between high and low, or 1.69%. For the last week, the stock has had daily average volatility of 3.69%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (AII.TO) For The Upcoming Trading Day Of Friday 28th
For the upcoming trading day on Friday, 28th we expect Almonty Industries Inc to open at $0.593, and during the day (based on 14 day Average True Range), to move between $0.573 and $0.607, which gives a possible trading interval of +/-$0.0171 (+/-2.90%) up or down from last closing price. If Almonty Industries Inc takes out the full calculated possible swing range there will be an estimated 5.81% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $0.610, some $0.0200 (3.39%) from the current price of $0.590, our system finds the risk reward not very attractive.
Is Almonty Industries Inc stock A Buy?
The Almonty Industries Inc stock holds several negative signals and despite the positive trend, we believe Almonty Industries Inc will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -3.367 Sell Candidate Unchanged
Predicted Opening Price for Almonty Industries Inc of Friday, June 28, 2024
| Fair opening price June 28, 2024 | Current price |
|---|---|
| $0.593 ( 0.565%) | $0.590 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AII.TO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.603 | 2.26% |
| R2 | 0.600 | 1.61% |
| R1 | 0.597 | 1.21% |
| Price | 0.590 | |
| S1 | 0.590 | -0.0825% |
| S2 | 0.587 | -0.482% |
| S3 | 0.583 | -1.13% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.720 | 22.03% |
| R2 | 0.620 | 5.08% |
| R1 | 0.610 | 3.39% |
| Price | 0.590 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
AII Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 25, 2014 | Aug 25, 2014 | Sep 04, 2014 | $0.0270 | 4.03% |
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