Capstone Mining Corp. Stock Forecast
Capstone Mining Corp. stock price ended at $9.04 on Wednesday, after gaining 0.780%.
(Updated on Apr 24, 2024)
The Capstone Mining Corp. stock price gained 0.780% on the last trading day (Wednesday, 24th Apr 2024), rising from $8.97 to $9.04. During the last trading day the stock fluctuated 1.67% from a day low at $8.97 to a day high of $9.12. The price has fallen in 7 of the last 10 days and is down by -3.32% for this period. Volume fell on the last day by -2 million shares and in total, 1 million shares were bought and sold for approximately $11.19 million. 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 lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $8.94 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 52.30% during the next 3 months and, with a 90% probability hold a price between $13.62 and $15.03 at the end of this 3-month period.
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CS.TO Signals & Forecast
A sell signal was issued from a pivot top point on Thursday, April 18, 2024, and so far it has fallen -6.32%. 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). Some positive signals were issued as well, and these may have some influence on the near short-term development. The Capstone Mining Corp. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $9.35. On a fall, the stock will find some support from the long-term average at approximately $8.57. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for Capstone Mining Corp. stock
Capstone Mining Corp. finds support from accumulated volume at $8.87 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 and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.150 between high and low, or 1.67%. For the last week, the stock has had daily average volatility of 3.00%.
Our recommended stop-loss: $8.54 (-5.48%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 4 days ago.)
Trading Expectations (CS.TO) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Capstone Mining Corp. to open at $9.04, and during the day (based on 14 day Average True Range), to move between $8.69 and $9.39, which gives a possible trading interval of +/-$0.347 (+/-3.84%) up or down from last closing price. If Capstone Mining Corp. takes out the full calculated possible swing range there will be an estimated 7.67% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $8.87 (1.88%) than the resistance at $9.35 (3.43%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Capstone Mining Corp. will release earnings BMO on Thursday, May 02, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.0100. We will update the financials statements for Capstone Mining Corp., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 6.38% in the first trading day after earnings release.
Is Capstone Mining Corp. stock A Buy?
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period.
Current score: 1.541 Buy Candidate Unchanged
Predicted Opening Price for Capstone Mining Corp. of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| $9.04 ( 0.0369%) | $9.04 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CS.TO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 9.19 | 1.70 % | |
| R2 | 9.14 | 1.06 % | ||
| R1 | 9.10 | 0.671 % | ||
| Current price: | 9.04 | |||
| Support | S1 | 8.99 | -0.597 % | |
| S2 | 8.95 | -0.99 % | ||
| S3 | 8.89 | -1.62 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 9.59 | 6.08 % | |
| R2 | 9.51 | 5.20 % | ||
| R1 | 9.35 | 3.43 % | ||
| Current price | 9.04 | |||
| Support | S1 | 8.87 | -1.88% | |
| S2 | 8.09 | -10.51% | ||
| S3 | 7.80 | -13.72% |
FAQ
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