Ausgold Limited Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Volatile ride for Ausgold Limited stock price on Friday moving between $0.0350 and $0.0390
(Updated on May 31, 2024)
The Ausgold Limited stock price fell by -5.41% on the last day (Friday, 31st May 2024) from $0.0370 to $0.0350. During the last trading day the stock fluctuated 11.43% from a day low at $0.0350 to a day high of $0.0390. The price has been going up and down for this period, and there has been a 34.62% gain for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -122 thousand shares and in total, 3 million shares were bought and sold for approximately $106.42 thousand.
The stock lies in the middle of a very wide and weak 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 6.72% during the next 3 months and, with a 90% probability hold a price between $0.0272 and $0.0418 at the end of this 3-month period.
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AUC.AX Signals & Forecast
The Ausgold Limited stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $0.0371. On a fall, the stock will find some support from the long-term average at approximately $0.0313. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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 Tuesday, May 28, 2024, and so far it has fallen -10.26%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss for Ausgold Limited stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.0320 and $0.0310. 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, Ausgold Limited finds support just below today's level at $0.0320. If this is broken, then the next support from accumulated volume will be at $0.0310 and $0.0270.
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 $0.0040 between high and low, or 11.43%. For the last week the stock has had daily average volatility of 6.10%.
Our recommended stop-loss: $0.0330 (-5.74%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 7 days ago.)
Trading Expectations (AUC.AX) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect Ausgold Limited to open at $0.0363, and during the day (based on 14 day Average True Range), to move between $0.0321 and $0.0379, which gives a possible trading interval of +/-$0.0029 (+/-8.16%) up or down from last closing price. If Ausgold Limited takes out the full calculated possible swing range there will be an estimated 16.31% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0360 (2.86%) than the support at $0.0320 (8.57%), 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 Ausgold Limited stock A Buy?
Ausgold Limited holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: -0.192 Hold/Accumulate Downgraded
Predicted Opening Price for Ausgold Limited of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| $0.0363 ( 3.81%) | $0.0350 |
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 | 0.0403 | 15.24 % | |
| R2 | 0.0388 | 10.87 % | ||
| R1 | 0.0379 | 8.18 % | ||
| Current price: | 0.0350 | |||
| Support | S1 | 0.0348 | -0.556 % | |
| S2 | 0.0339 | -3.25 % | ||
| S3 | 0.0323 | -7.62 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0390 | 11.43 % | |
| R2 | 0.0370 | 5.71 % | ||
| R1 | 0.0360 | 2.86 % | ||
| Current price | 0.0350 | |||
| Support | S1 | 0.0320 | -8.57% | |
| S2 | 0.0310 | -11.43% | ||
| S3 | 0.0270 | -22.86% |
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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