Capstone Mining Corp. Stock Forecast
Strong day for Capstone Mining Corp. stock price on Friday rising 5.85% to $9.95
(Updated on May 03, 2024)
The Capstone Mining Corp. stock price gained 5.85% on the last trading day (Friday, 3rd May 2024), rising from $9.40 to $9.95. During the last trading day the stock fluctuated 4.00% from a day low at $9.64 to a day high of $10.02. The price has fallen in 5 of the last 10 days but is still up by 4.74% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 1 million more shares were traded than the day before. In total, 3 million shares were bought and sold for approximately $31.63 million.
The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 54.72% during the next 3 months and, with a 90% probability hold a price between $14.63 and $16.39 at the end of this 3-month period.
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CS.TO Signals & Forecast
The Capstone Mining Corp. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $9.76 and $8.98. A breakdown below any of these levels will issue sell signals. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Friday, April 26, 2024, and so far it has fallen -3.30%. 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).
Support, Risk & Stop-loss for Capstone Mining Corp. stock
On the downside, the stock finds support just below today's level from accumulated volume at $9.35 and $8.87. 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, Capstone Mining Corp. finds support just below today's level at $9.35. If this is broken, then the next support from accumulated volume will be at $8.87 and $8.09.
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 $0.385 between high and low, or 4.00%. For the last week, the stock has had daily average volatility of 4.47%.
Our recommended stop-loss: $9.47 (-4.81%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 5 days ago.)
Trading Expectations (CS.TO) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Capstone Mining Corp. to open at $9.87, and during the day (based on 14 day Average True Range), to move between $9.52 and $10.38, which gives a possible trading interval of +/-$0.430 (+/-4.32%) up or down from last closing price. If Capstone Mining Corp. takes out the full calculated possible swing range there will be an estimated 8.64% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $10.16 (2.11%) than the support at $9.35 (6.03%), 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 Capstone Mining Corp. stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Capstone Mining Corp. stock to perform well in the short-term.
Current score: 3.751 Buy Candidate Unchanged
Predicted Opening Price for Capstone Mining Corp. of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $9.87 ( 0.82%) | $9.95 |
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 | 10.25 | 3.05 % | |
| R2 | 10.11 | 1.57 % | ||
| R1 | 10.02 | 0.657 % | ||
| Current price: | 9.95 | |||
| Support | S1 | 9.72 | -2.30 % | |
| S2 | 9.63 | -3.21 % | ||
| S3 | 9.48 | -4.69 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 10.29 | 3.42 % | ||
| R1 | 10.16 | 2.11 % | ||
| Current price | 9.95 | |||
| Support | S1 | 9.35 | -6.03% | |
| S2 | 8.87 | -10.85% | ||
| S3 | 8.09 | -18.69% |
FAQ
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