BeMetals Corp. Stock Forecast

BeMetals Corp. stock price ended at $0.0950 on Thursday, after losing 0%.
(Updated on Jul 04, 2024)

BMET.V Signals & Forecast

There are mixed signals in the stock today. The BeMetals Corp. stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $0.102. On a fall, the stock will find some support from the short-term average at $0.0936. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Tuesday, June 11, 2024, and so far it has fallen -20.83%. 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 gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for BeMetals Corp. stock

On the downside, the stock finds support just below today's level from accumulated volume at $0.0900 and $0.0850. 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, BeMetals Corp. finds support just below today's level at $0.0900. If this is broken, then the next support from accumulated volume will be at $0.0850 and $0.0800.

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 $0.0050 between high and low, or 5.56%. For the last week, the stock has had daily average volatility of 2.16%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (BMET.V) For The Upcoming Trading Day Of Friday 5th

For the upcoming trading day on Friday, 5th we expect BeMetals Corp. to open at $0.0933, and during the day (based on 14 day Average True Range), to move between $0.0873 and $0.103, which gives a possible trading interval of +/-$0.0077 (+/-8.12%) up or down from last closing price. If BeMetals Corp. takes out the full calculated possible swing range there will be an estimated 16.23% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.100 (5.26%) than the support at $0.0900 (5.26%), 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 BeMetals Corp. stock A Buy?

BeMetals Corp. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

Current score: -3.595 Sell Candidate Unchanged

Predicted Opening Price for BeMetals Corp. of Friday, July 5, 2024

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