21C Metals Inc. Stock Forecast
21C Metals Inc. stock upgraded from Strong Sell Candidate to Sell Candidate after Friday trading session.
(Updated on May 10, 2024)
The 21C Metals Inc. stock price fell by -3.57% on the last day (Friday, 10th May 2024) from $0.280 to $0.270. During the last trading day the stock fluctuated 0% from a day low at $0.270 to a day high of $0.270. The price has been going up and down for this period, and there has been a -3.57% loss for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -7 thousand shares and in total, 24 thousand shares were bought and sold for approximately $6.48 thousand.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -20.98% during the next 3 months and, with a 90% probability hold a price between $0.170 and $0.249 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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BULL.CN Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The 21C Metals Inc. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $0.297 and $0.280. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, May 06, 2024, and so far it has fallen -15.63%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for 21C Metals Inc. stock
21C Metals Inc. finds support from accumulated volume at $0.265 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 1.05%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (BULL.CN) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect 21C Metals Inc. to open at $0.270, and during the day (based on 14 day Average True Range), to move between $0.257 and $0.283, which gives a possible trading interval of +/-$0.0131 (+/-4.84%) up or down from last closing price. If 21C Metals Inc. takes out the full calculated possible swing range there will be an estimated 9.67% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.265 (1.85%) than the resistance at $0.280 (3.70%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is 21C Metals Inc. stock A Buy?
21C Metals Inc. holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -4.238 Sell Candidate Upgraded
Predicted Opening Price for 21C Metals Inc. of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| $0.270 ( 0%) | $0.270 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BULL.CN
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.270 | . | |
| R2 | 0.270 | . | ||
| R1 | 0.270 | . | ||
| Current price: | 0.270 | |||
| Support | S1 | 0.270 | . | |
| S2 | 0.270 | . | ||
| S3 | 0.270 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.330 | 22.22 % | |
| R2 | 0.310 | 14.81 % | ||
| R1 | 0.280 | 3.70 % | ||
| Current price | 0.270 | |||
| Support | S1 | 0.265 | -1.85% | |
| S2 | 0.255 | -5.56% | ||
| S3 | 0.250 | -7.41% |
FAQ
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