Aurania Resources Ltd. Stock Forecast
Aurania Resources Ltd. stock price ended at $0.450 on Friday, after losing 0%.
(Updated on Jun 28, 2024)
No changes to the price of Aurania Resources Ltd. stock on the last trading day (Friday, 28th Jun 2024). During the last trading day the stock fluctuated 0% from a day low at $0.450 to a day high of $0.450. The price has risen in 6 of the last 10 days and is up by 15.38% over the past 2 weeks.
The stock lies in the upper part of a very wide and strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $0.481 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 85.97% during the next 3 months and, with a 90% probability hold a price between $0.577 and $0.89 at the end of this 3-month period.
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ARU.V Signals & Forecast
The Aurania 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 $0.439 and $0.326. 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 Thursday, June 20, 2024, and so far it has fallen -2.17%. 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.
Support, Risk & Stop-loss for Aurania Resources Ltd. stock
Aurania Resources Ltd. finds support from accumulated volume at $0.445 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very 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 5.80%.
Our recommended stop-loss: $0.434 (-3.61%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 18 days ago.)
Trading Expectations (ARU.V) For The Upcoming Trading Day Of Tuesday 2nd
For the upcoming trading day on Tuesday, 2nd we expect Aurania Resources Ltd. to open at $0.450, and during the day (based on 14 day Average True Range), to move between $0.420 and $0.480, which gives a possible trading interval of +/-$0.0296 (+/-6.57%) up or down from last closing price. If Aurania Resources Ltd. takes out the full calculated possible swing range there will be an estimated 13.14% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.445 (1.11%) than the resistance at $0.460 (2.22%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Aurania Resources Ltd. 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 Aurania Resources Ltd. stock to perform well in the short-term.
Current score: 3.003 Buy Candidate Unchanged
Predicted Opening Price for Aurania Resources Ltd. of Tuesday, July 2, 2024
| Fair opening price July 2, 2024 | Current price |
|---|---|
| $0.450 ( 0%) | $0.450 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ARU.V
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.450 | - |
| R2 | 0.450 | - |
| R1 | 0.450 | - |
| Price | 0.450 | |
| S1 | 0.450 | - |
| S2 | 0.450 | - |
| S3 | 0.450 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0.460 | 2.22% |
| Price | 0.450 | |
| S1 | 0.445 | -1.11% |
| S2 | 0.390 | -13.33% |
| S3 | 0.350 | -22.22% |
FAQ
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