Anfield Energy Inc. Stock Forecast

Green day on Friday for Anfield Energy Inc. stock after gaining 2.89%
(Updated on Jun 28, 2024)

ANLDF Signals & Forecast

A buy signal was issued from a pivot bottom point on Thursday, June 13, 2024, and so far it has risen 18.75%. 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). Anfield Energy Inc. 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. 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 Anfield Energy Inc. stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $0.0597. On a fall, the stock will find some support from the short-term average at $0.0554. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal.

Support, Risk & Stop-loss for Anfield Energy Inc. stock

On the downside, the stock finds support just below today's level from accumulated volume at $0.0541 and $0.0533. 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, Anfield Energy Inc. finds support just below today's level at $0.0541. If this is broken, then the next support from accumulated volume will be at $0.0533 and $0.0500.

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 between high and low, or 0%. For the last week, the stock has had daily average volatility of 4.37%.

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

Trading Expectations (ANLDF) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Anfield Energy Inc. to open at $0.0570, and during the day (based on 14 day Average True Range), to move between $0.0521 and $0.0619, which gives a possible trading interval of +/-$0.0049 (+/-8.57%) up or down from last closing price. If Anfield Energy Inc. takes out the full calculated possible swing range there will be an estimated 17.14% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.0571 (0.25%) than the support at $0.0541 (5.09%), 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 Anfield Energy Inc. stock A Buy?

Anfield Energy Inc. 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: -1.307 Sell Candidate Unchanged

Predicted Opening Price for Anfield Energy Inc. of Monday, July 1, 2024

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