1911 Gold Corporation Stock Forecast

A very strong day for 1911 Gold Corporation stock price on Friday
(Updated on May 17, 2024)

AUMB.V Signals & Forecast

The 1911 Gold Corporation stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $0.100 and $0.102. 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). 1911 Gold Corporation 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. Higher liquidity also reduces the general risk. 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 01, 2024, and so far it has fallen -7.69%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for 1911 Gold Corporation stock

On the downside, the stock finds support just below today's level from accumulated volume at $0.110 and $0.100. 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, 1911 Gold Corporation finds support just below today's level at $0.110. If this is broken, then the next support from accumulated volume will be at $0.100 and $0.0950.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.0100 between high and low, or 9.09%. For the last week, the stock has had daily average volatility of 6.03%.

Our recommended stop-loss: $0.113 (-5.70%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 35 days ago.)

Trading Expectations (AUMB.V) For The Upcoming Trading Day Of Tuesday 21st

For the upcoming trading day on Tuesday, 21st we expect 1911 Gold Corporation to open at $0.117, and during the day (based on 14 day Average True Range), to move between $0.110 and $0.130, which gives a possible trading interval of +/-$0.0097 (+/-8.07%) up or down from last closing price. If 1911 Gold Corporation takes out the full calculated possible swing range there will be an estimated 16.14% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.125 (4.17%) than the support at $0.110 (8.33%), 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 1911 Gold Corporation 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 1911 Gold Corporation stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.

Current score: 1.996 Buy Candidate Upgraded

Predicted Opening Price for 1911 Gold Corporation of Tuesday, May 21, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.