Copper Fox Metals Inc. Stock Forecast

Volatile ride for Copper Fox Metals Inc. stock price on Friday moving between $0.415 and $0.630
(Updated on May 17, 2024)

CUU.V Signals & Forecast

The Copper Fox Metals Inc. 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 $0.371 and $0.251. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Thursday, May 16, 2024, and so far it has fallen -12.50%. Further fall is indicated until a new bottom pivot has been found. Copper Fox Metals 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".

Support, Risk & Stop-loss for Copper Fox Metals Inc. stock

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.215 between high and low, or 51.81%. For the last week, the stock has had daily average volatility of 40.14%.

Our recommended stop-loss: $0.401 (-4.52%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 1 day ago.)

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

For the upcoming trading day on Tuesday, 21st we expect Copper Fox Metals Inc. to open at $0.488, and during the day (based on 14 day Average True Range), to move between $0.371 and $0.469, which gives a possible trading interval of +/-$0.0495 (+/-11.78%) up or down from last closing price. If Copper Fox Metals Inc. takes out the full calculated possible swing range there will be an estimated 23.56% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ $0.480, some $0.0600 (14.29%) from the current price of $0.420, our system finds the risk reward not very attractive.

Is Copper Fox Metals Inc. stock A Buy?

Copper Fox Metals Inc. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: 0.000 Hold/Accumulate Unchanged

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 Copper Fox Metals Inc. of Tuesday, May 21, 2024

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