BONTERRA RES INC Stock Forecast

BONTERRA RES INC stock price ended at $0.163 on Friday, after losing 4.12%.
(Updated on May 03, 2024)

BONXF Signals & Forecast

There are few to no technical positive signals at the moment. The BONTERRA RES INC stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $0.191 and $0.196. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, April 08, 2024, and so far it has fallen -32.08%. 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). BONTERRA RES INC gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued. The stock had a Golden Star Signal on Friday, January 19, 2024 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for BONTERRA RES INC stock

BONTERRA RES INC finds support from accumulated volume at $0.162 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

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 $0.0130 between high and low, or 8.28%. For the last week, the stock has had daily average volatility of 6.14%.

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

Trading Expectations (BONXF) For The Upcoming Trading Day Of Monday 6th

For the upcoming trading day on Monday, 6th we expect BONTERRA RES INC to open at $0.163, and during the day (based on 14 day Average True Range), to move between $0.144 and $0.182, which gives a possible trading interval of +/-$0.0193 (+/-11.87%) up or down from last closing price. If BONTERRA RES INC takes out the full calculated possible swing range there will be an estimated 23.74% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.162 (0.61%) than the resistance at $0.185 (13.50%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is BONTERRA RES INC stock A Buy?

The BONTERRA RES INC stock holds several negative signals and despite the positive trend, we believe BONTERRA RES INC will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -3.525 Sell Candidate Unchanged

Predicted Opening Price for BONTERRA RES INC of Monday, May 6, 2024

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