Arizona Metals Corp. Stock Forecast
Arizona Metals Corp. stock price ended at $1.57 on Friday, after gaining 3.29%.
(Updated on Apr 19, 2024)
The Arizona Metals Corp. stock price gained 3.29% on the last trading day (Friday, 19th Apr 2024), rising from $1.52 to $1.57. During the last trading day the stock fluctuated 5.26% from a day low at $1.52 to a day high of $1.60. The price has fallen in 6 of the last 10 days and is down by -5.84% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 237 thousand more shares were traded than the day before. In total, 275 thousand shares were bought and sold for approximately $431.48 thousand.
The stock lies in the middle of a very wide and strong 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 10.55% during the next 3 months and, with a 90% probability hold a price between $1.51 and $2.04 at the end of this 3-month period.
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AZMCF Signals & Forecast
The Arizona Metals Corp. 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 $1.58. On a fall, the stock will find some support from the long-term average at approximately $1.50. 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. A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 6.08%. Further rise is indicated until a new top pivot has been found. Arizona Metals Corp. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Arizona Metals Corp. stock
On the downside, the stock finds support just below today's level from accumulated volume at $1.46 and $1.40. 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, Arizona Metals Corp. finds support just below today's level at $1.46. If this is broken, then the next support from accumulated volume will be at $1.40 and $1.33.
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 $0.0800 between high and low, or 5.26%. For the last week, the stock has had daily average volatility of 5.80%.
Our recommended stop-loss: $1.51 (-3.98%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 2 days ago.)
Trading Expectations (AZMCF) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect Arizona Metals Corp. to open at $1.56, and during the day (based on 14 day Average True Range), to move between $1.47 and $1.67, which gives a possible trading interval of +/-$0.1000 (+/-6.37%) up or down from last closing price. If Arizona Metals Corp. takes out the full calculated possible swing range there will be an estimated 12.73% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $1.68 (6.69%) than the support at $1.46 (7.17%), 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 Arizona Metals Corp. 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 Arizona Metals Corp. stock to perform well in the short-term.
Current score: 3.646 Buy Candidate Unchanged
Predicted Opening Price for Arizona Metals Corp. of Monday, April 22, 2024
Fair opening price April 22, 2024 | Current price |
---|---|
$1.56 ( 0.425%) | $1.57 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AZMCF
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 1.64 | 4.67 % | |
R2 | 1.61 | 2.72 % | ||
R1 | 1.59 | 1.52 % | ||
Current price: | 1.57 | |||
Support | S1 | 1.53 | -2.37 % | |
S2 | 1.51 | -3.57 % | ||
S3 | 1.48 | -5.52 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 1.81 | 15.29 % | |
R2 | 1.71 | 8.60 % | ||
R1 | 1.68 | 6.69 % | ||
Current price | 1.57 | |||
Support | S1 | 1.46 | -7.17% | |
S2 | 1.40 | -10.83% | ||
S3 | 1.33 | -15.29% |
FAQ
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