CopAur Minerals Inc. Stock Forecast

A very red day for CopAur Minerals Inc. stock price after a -5.45% fall in the Friday trading session
(Updated on May 17, 2024)

CPAU.V 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 CopAur Minerals 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 $0.268 and $0.266. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, April 05, 2024, and so far it has fallen -13.33%. Further fall is indicated until a new bottom pivot has been found. CopAur Minerals 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.

Support, Risk & Stop-loss for CopAur Minerals Inc. stock

CopAur Minerals Inc. finds support from accumulated volume at $0.255 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 $0.0200 between high and low, or 8.00%. For the last week, the stock has had daily average volatility of 4.72%.

Our recommended stop-loss: $0.247 (-5.10%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 30 days ago.)

Trading Expectations (CPAU.V) For The Upcoming Trading Day Of Tuesday 21st

For the upcoming trading day on Tuesday, 21st we expect CopAur Minerals Inc. to open at $0.260, and during the day (based on 14 day Average True Range), to move between $0.241 and $0.279, which gives a possible trading interval of +/-$0.0186 (+/-7.16%) up or down from last closing price. If CopAur Minerals Inc. takes out the full calculated possible swing range there will be an estimated 14.33% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.255 (1.92%) than the resistance at $0.280 (7.69%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is CopAur Minerals Inc. stock A Buy?

CopAur Minerals Inc. 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: 0.000 Hold/Accumulate Downgraded

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for CopAur Minerals Inc. of Tuesday, May 21, 2024

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