Altamira Gold Corp. Stock Forecast
Stronger technical forecast for Altamira Gold Corp. stock price after Tuesday trading.
(Updated on Jun 25, 2024)
No changes to the price of Altamira Gold Corp. stock on the last trading day (Tuesday, 25th Jun 2024). During the last trading day the stock fluctuated 0% from a day low at $0.0900 to a day high of $0.0900. The price has been going up and down for this period, and there has been a -5.26% loss for the last 2 weeks.
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 -16.51% during the next 3 months and, with a 90% probability hold a price between $0.0582 and $0.0852 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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EQTRF Signals & Forecast
The Altamira Gold Corp. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $0.0873 and $0.0884. A breakdown below any of these levels will issue sell signals. 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 Monday, June 24, 2024, and so far it has fallen 0%. 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). Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
A buy signal from a double bottom formation was found on Tuesday, May 21, 2024 and based on theory for this formation the price should go up by 2.13% to $0.0919 within 3 trading days since signal was issued (Friday, May 24, 2024).
Support, Risk & Stop-loss for Altamira Gold Corp. stock
Altamira Gold Corp. finds support from accumulated volume at $0.0885 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock 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 2.17%
Our recommended stop-loss: $0.0865 (-3.92%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (EQTRF) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Altamira Gold Corp. to open at $0.0900, and during the day (based on 14 day Average True Range), to move between $0.0855 and $0.0945, which gives a possible trading interval of +/-$0.0045 (+/-5.01%) up or down from last closing price. If Altamira Gold Corp. takes out the full calculated possible swing range there will be an estimated 10.01% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0885 (1.67%) than the resistance at $0.0929 (3.22%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Altamira Gold Corp. stock A Buy?
Altamira Gold Corp. 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.000 Hold/Accumulate Upgraded
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 Altamira Gold Corp. of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $0.0900 ( 0.00000000%) | $0.0900 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EQTRF
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0900 | 0.00000000% |
| R2 | 0.0900 | 0.00000000% |
| R1 | 0.0900 | 0.00000000% |
| Price | 0.0900 | |
| S1 | 0.0900 | 0.00000000% |
| S2 | 0.0900 | 0.00000000% |
| S3 | 0.0900 | 0.00000000% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.106 | 18.27% |
| R2 | 0.0950 | 5.56% |
| R1 | 0.0929 | 3.22% |
| Price | 0.0900 | |
| S1 | 0.0885 | -1.67% |
| S2 | 0.0876 | -2.67% |
| S3 | 0.0840 | -6.67% |
FAQ
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