Aurion Resources Ltd. Stock Forecast
Aurion Resources Ltd. stock price down 0% on Wednesday
(Updated on Jun 26, 2024)
No changes to the price of Aurion Resources Ltd. stock on the last trading day (Wednesday, 26th Jun 2024). During the last trading day the stock fluctuated 0% from a day low at $0.501 to a day high of $0.501. The price has been going up and down for this period, and there has been a 6.55% gain for the last 2 weeks.
The stock lies in the middle of a 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 -4.29% during the next 3 months and, with a 90% probability hold a price between $0.408 and $0.511 at the end of this 3-month period.
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AIRRF Signals & Forecast
The Aurion Resources Ltd. 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 $0.488 and $0.488. 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, June 25, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. 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. The stock had a Golden Star Signal on Thursday, February 08, 2024 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Thursday, February 08, 2024 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Aurion Resources Ltd. stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.476 and $0.446. 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, Aurion Resources Ltd. finds support just below today's level at $0.476. If this is broken, then the next support from accumulated volume will be at $0.446 and $0.436.
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 4.57%
Our recommended stop-loss: $0.482 (-3.86%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (AIRRF) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Aurion Resources Ltd. to open at $0.501, and during the day (based on 14 day Average True Range), to move between $0.488 and $0.514, which gives a possible trading interval of +/-$0.0131 (+/-2.62%) up or down from last closing price. If Aurion Resources Ltd. takes out the full calculated possible swing range there will be an estimated 5.24% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.509 (1.62%) than the support at $0.476 (5.01%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Aurion Resources Ltd. stock A Buy?
Aurion 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: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Aurion Resources Ltd. of Thursday, June 27, 2024
Fair opening price June 27, 2024 | Current price |
---|---|
$0.501 ( 0%) | $0.501 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AIRRF
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.501 | - |
R2 | 0.501 | - |
R1 | 0.501 | - |
Price | 0.501 | |
S1 | 0.501 | - |
S2 | 0.501 | - |
S3 | 0.501 | - |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.520 | 3.77% |
R2 | 0.518 | 3.27% |
R1 | 0.509 | 1.62% |
Price | 0.501 | |
S1 | 0.476 | -5.01% |
S2 | 0.446 | -10.93% |
S3 | 0.436 | -12.90% |
FAQ
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