1911 Gold Corporation Stock Forecast
1911 Gold Corporation stock upgraded from Hold/Accumulate to Buy Candidate after Friday trading session.
(Updated on May 31, 2024)
The 1911 Gold Corporation stock price gained 4.88% on the last trading day (Friday, 31st May 2024), rising from $0.0779 to $0.0817. During the last trading day the stock fluctuated 6.80% from a day low at $0.0765 to a day high of $0.0817. The price has risen in 5 of the last 10 days and is up by 11.13% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 31 thousand more shares were traded than the day before. In total, 70 thousand shares were bought and sold for approximately $5.72 thousand.
The stock is moving within a very wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect 1911 Gold Corporation stock with a 90% probability to be traded between $0.0619 and $0.0993 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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AUMBF 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. 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 $0.0750 and $0.0730. 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. 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. A sell signal was issued from a pivot top point on Monday, May 20, 2024, and so far it has fallen -15.77%. 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 $0.0769 and $0.0735. 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 $0.0769. If this is broken, then the next support from accumulated volume will be at $0.0735 and $0.0647.
This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.0052 between high and low, or 6.80%. For the last week, the stock has had daily average volatility of 9.63%.
Our recommended stop-loss: $0.0769 (-5.90%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 44 days ago.)
Trading Expectations (AUMBF) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect 1911 Gold Corporation to open at $0.0800, and during the day (based on 14 day Average True Range), to move between $0.0736 and $0.0898, which gives a possible trading interval of +/-$0.0081 (+/-9.94%) up or down from last closing price. If 1911 Gold Corporation takes out the full calculated possible swing range there will be an estimated 19.89% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0769 (5.88%) than the resistance at $0.0901 (10.22%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is 1911 Gold Corporation stock A Buy?
Several short-term signals 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 period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 2.810 Buy Candidate Upgraded
Predicted Opening Price for 1911 Gold Corporation of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| $0.0800 ( 2.12%) | $0.0817 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AUMBF
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0852 | 4.24 % | |
| R2 | 0.0832 | 1.81 % | ||
| R1 | 0.0820 | 0.310 % | ||
| Current price: | 0.0817 | |||
| Support | S1 | 0.0780 | -4.55 % | |
| S2 | 0.0768 | -6.05 % | ||
| S3 | 0.0748 | -8.49 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0979 | 19.88 % | |
| R2 | 0.0901 | 10.28 % | ||
| R1 | 0.0901 | 10.22 % | ||
| Current price | 0.0817 | |||
| Support | S1 | 0.0769 | -5.88% | |
| S2 | 0.0735 | -10.01% | ||
| S3 | 0.0647 | -20.81% |
FAQ
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