Bunker Hill Mining Corp. Stock Forecast
Stronger technical forecast for Bunker Hill Mining Corp. stock price after Friday trading.
(Updated on May 10, 2024)
The Bunker Hill Mining Corp. stock price gained 4.08% on the last trading day (Friday, 10th May 2024), rising from $0.0980 to $0.102. During the last trading day the stock fluctuated 3.80% from a day low at $0.101 to a day high of $0.105. The price has risen in 6 of the last 10 days and is up by 2% over the past 2 weeks. Volume fell on the last day by -129 thousand shares and in total, 41 thousand shares were bought and sold for approximately $4.13 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a 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 36.50% during the next 3 months and, with a 90% probability hold a price between $0.131 and $0.161 at the end of this 3-month period.
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BHLL Signals & Forecast
The Bunker Hill Mining Corp. 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 $0.0971 and $0.0986. A breakdown below any of these levels will issue sell signals. 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, April 09, 2024, and so far it has fallen -4.10%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Bunker Hill Mining Corp. stock
Bunker Hill Mining Corp. finds support from accumulated volume at $0.100 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have controlled movements and therefore the general risk is considered low. However, be aware of low or falling volume and make sure to keep an eye on the stock. During the last day, the stock moved $0.0038 between high and low, or 3.80%. For the last week the stock has had daily average volatility of 5.82%.
Our recommended stop-loss: $0.0983 (-3.63%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 23 days ago.)
Trading Expectations (BHLL) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect Bunker Hill Mining Corp. to open at $0.103, and during the day (based on 14 day Average True Range), to move between $0.0954 and $0.109, which gives a possible trading interval of +/-$0.0066 (+/-6.49%) up or down from last closing price. If Bunker Hill Mining Corp. takes out the full calculated possible swing range there will be an estimated 12.98% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.103 (0.49%) than the support at $0.100 (1.96%), 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 Bunker Hill Mining Corp. stock A Buy?
Bunker Hill Mining Corp. holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.324 Hold/Accumulate Upgraded
Predicted Opening Price for Bunker Hill Mining Corp. of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| $0.103 ( 0.706%) | $0.102 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BHLL
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.107 | 4.47 % | |
| R2 | 0.105 | 3.03 % | ||
| R1 | 0.104 | 2.14 % | ||
| Current price: | 0.102 | |||
| Support | S1 | 0.101 | -0.732 % | |
| S2 | 0.100 | -1.62 % | ||
| S3 | 0.0989 | -3.06 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.106 | 4.27 % | |
| R2 | 0.103 | 1.44 % | ||
| R1 | 0.103 | 0.490 % | ||
| Current price | 0.102 | |||
| Support | S1 | 0.100 | -1.96% | |
| S2 | 0.0980 | -3.92% | ||
| S3 | 0.0950 | -6.89% |
FAQ
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