Anson Resources Limited Stock Forecast
Anson Resources Limited stock price up 3.45% on Thursday
(Updated on Mar 28, 2024)
The Anson Resources Limited stock price gained 3.45% on the last trading day (Thursday, 28th Mar 2024), rising from $0.0870 to $0.0900. During the last trading day the stock fluctuated 3.45% from a day low at $0.0870 to a day high of $0.0900. The price has fallen in 6 of the last 10 days and is down by -9.09% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 459 thousand more shares were traded than the day before. In total, 1 000 thousand shares were bought and sold for approximately $89.97 thousand.
The stock lies in the middle of a very 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 -19.17% during the next 3 months and, with a 90% probability hold a price between $0.0488 and $0.0950 at the end of this 3-month period.
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ASN.AX Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, February 06, 2024, and so far it has risen 16.88%. Further rise is indicated until a new top pivot has been found. Anson Resources Limited 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 Anson Resources Limited 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 $0.0903 and $0.0926. 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 Anson Resources Limited stock
Anson Resources Limited finds support from accumulated volume at $0.0890 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 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 $0.0030 between high and low, or 3.45%. For the last week, the stock has had daily average volatility of 5.01%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ASN.AX) For The Upcoming Trading Day Of Tuesday 2nd
For the upcoming trading day on Tuesday, 2nd we expect Anson Resources Limited to open at $0.0890, and during the day (based on 14 day Average True Range), to move between $0.0835 and $0.0965, which gives a possible trading interval of +/-$0.0065 (+/-7.25%) up or down from last closing price. If Anson Resources Limited takes out the full calculated possible swing range there will be an estimated 14.49% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0890 (1.11%) than the resistance at $0.0940 (4.44%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Anson Resources Limited stock A Buy?
Anson Resources Limited holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -1.340 Sell Candidate Unchanged
Predicted Opening Price for Anson Resources Limited of Tuesday, April 2, 2024
Fair opening price April 2, 2024 | Current price |
---|---|
$0.0890 ( 1.11%) | $0.0900 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ASN.AX
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.0920 | 2.22 % | |
R2 | 0.0909 | 0.95 % | ||
R1 | 0.0901 | 0.162 % | ||
Current price: | 0.0900 | |||
Support | S1 | 0.0879 | -2.38 % | |
S2 | 0.0871 | -3.17 % | ||
S3 | 0.0860 | -4.44 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.0980 | 8.89 % | |
R2 | 0.0950 | 5.56 % | ||
R1 | 0.0940 | 4.44 % | ||
Current price | 0.0900 | |||
Support | S1 | 0.0890 | -1.11% | |
S2 | 0.0840 | -6.67% | ||
S3 | 0.0800 | -11.11% |
FAQ
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