Ausgold Limited Stock Forecast
Big movements in Ausgold Limited stock price on Friday moving 11.54% between high and low
(Updated on May 17, 2024)
The Ausgold Limited stock price fell by -7.14% on the last day (Friday, 17th May 2024) from $0.0280 to $0.0260. During the last trading day the stock fluctuated 11.54% from a day low at $0.0260 to a day high of $0.0290. The price has been going up and down for this period, and there has been a -3.7% loss for the last 2 weeks. Volume has increased on the last day by 5 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 10 million shares were bought and sold for approximately $250.92 thousand.
The stock lies in the lower part of a very wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.0251 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 4.72% during the next 3 months and, with a 90% probability hold a price between $0.0263 and $0.0384 at the end of this 3-month period.
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AUC.AX Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, May 14, 2024, and so far it has risen 4.00%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Ausgold 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 $0.0266 and $0.0305. A break-up above any of these levels will issue buy signals. Ausgold Limited gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
Support, Risk & Stop-loss for Ausgold Limited stock
Ausgold Limited finds support from accumulated volume at $0.0250 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 11.54%. For the last week, the stock has had daily average volatility of 10.13%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (AUC.AX) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Ausgold Limited to open at $0.0270, and during the day (based on 14 day Average True Range), to move between $0.0237 and $0.0283, which gives a possible trading interval of +/-$0.0023 (+/-8.66%) up or down from last closing price. If Ausgold Limited takes out the full calculated possible swing range there will be an estimated 17.31% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0250 (3.85%) than the resistance at $0.0270 (3.85%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Ausgold Limited stock A Buy?
The Ausgold Limited stock holds several negative signals and despite the positive trend, we believe Ausgold Limited will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.052 Sell Candidate Downgraded
Predicted Opening Price for Ausgold Limited of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| $0.0270 ( 3.85%) | $0.0260 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AUC.AX
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0300 | 15.38 % | |
| R2 | 0.0289 | 10.98 % | ||
| R1 | 0.0281 | 8.25 % | ||
| Current price: | 0.0260 | |||
| Support | S1 | 0.0259 | -0.562 % | |
| S2 | 0.0251 | -3.28 % | ||
| S3 | 0.0240 | -7.69 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0320 | 23.08 % | |
| R2 | 0.0310 | 19.23 % | ||
| R1 | 0.0270 | 3.85 % | ||
| Current price | 0.0260 | |||
| Support | S1 | 0.0250 | -3.85% | |
| S2 | 0.0240 | -7.69% | ||
| S3 | 0.0230 | -11.54% |
AUC Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 29, 2018 | May 29, 2018 | May 29, 2018 | $0.0009 | 3.03% |
FAQ
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