Alphamin Resources Corp. Stock Forecast
Stronger technical forecast for Alphamin Resources Corp. stock price after Friday trading.
(Updated on Apr 26, 2024)
The Alphamin Resources Corp. stock price gained 3.86% on the last trading day (Friday, 26th Apr 2024), rising from $1,530.00 to $1,589.00. During the last trading day the stock fluctuated 2.05% from a day low at $1,558.00 to a day high of $1,590.00. The price has risen in 5 of the last 10 days but is still down by -0.63% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 83 thousand more shares were traded than the day before. In total, 83 thousand shares were bought and sold for approximately $131.82 million.
The stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 23.53% during the next 3 months and, with a 90% probability hold a price between $1,629.71 and $2,049.08 at the end of this 3-month period.
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APH.JO Signals & Forecast
The Alphamin Resources Corp. 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 $1,556.57 and $1,403.34. A breakdown below any of these levels will issue sell signals. Volume is rising along with the price. This is considered to be a good technical signal. 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 Monday, April 22, 2024, and so far it has fallen -2.99%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Alphamin Resources Corp. stock
On the downside, the stock finds support just below today's level from accumulated volume at $1,390.00 and $1,378.00. 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, Alphamin Resources Corp. finds support just below today's level at $1,390.00. If this is broken, then the next support from accumulated volume will be at $1,378.00 and $1,260.00.
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 $32.00 between high and low, or 2.05%. For the last week, the stock has had daily average volatility of 1.31%.
Our recommended stop-loss: $1,514.68 (-4.68%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 4 days ago.)
Trading Expectations (APH.JO) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Alphamin Resources Corp. to open at $1,579.00, and during the day (based on 14 day Average True Range), to move between $1,524.39 and $1,653.61, which gives a possible trading interval of +/-$64.61 (+/-4.07%) up or down from last closing price. If Alphamin Resources Corp. takes out the full calculated possible swing range there will be an estimated 8.13% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $1,599.00 (0.63%) than the support at $1,390.00 (12.52%), 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 Alphamin Resources Corp. stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Alphamin Resources Corp. stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 3.445 Buy Candidate Upgraded
Predicted Opening Price for Alphamin Resources Corp. of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $1,579.00 ( 0.629%) | $1,589.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for APH.JO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,611.00 | 1.38 % | |
| R2 | 1,598.78 | 0.615 % | ||
| R1 | 1,591.22 | 0.140 % | ||
| Current price: | 1,589.00 | |||
| Support | S1 | 1,566.78 | -1.40 % | |
| S2 | 1,559.22 | -1.87 % | ||
| S3 | 1,547.00 | -2.64 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 1,638.00 | 3.08 % | ||
| R1 | 1,599.00 | 0.629 % | ||
| Current price | 1,589.00 | |||
| Support | S1 | 1,390.00 | -12.52% | |
| S2 | 1,378.00 | -13.28% | ||
| S3 | 1,260.00 | -20.70% |
APH Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 08, 2023 | Aug 08, 2023 | Aug 08, 2023 | $3.00 | 0.217% |
| 2 | Feb 22, 2023 | Feb 22, 2023 | Feb 22, 2023 | $3.00 | 0.272% |
| 3 | Jul 20, 2022 | Jul 20, 2022 | Jul 20, 2022 | $3.00 | 0.300% |
| 4 | Feb 02, 2022 | Feb 02, 2022 | Feb 02, 2022 | $3.00 | 0.168% |
FAQ
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