Excelsior Mining Corp Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Evaluation of Excelsior Mining Corp stock downgraded after the last trading session.
(Updated on May 21, 2024)
The Excelsior Mining Corp stock price gained 1.99% on the last trading day (Tuesday, 21st May 2024), rising from $0.181 to $0.185. During the last trading day the stock fluctuated 8.34% from a day low at $0.185 to a day high of $0.200. The price has risen in 6 of the last 10 days and is up by 6.71% 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, 11 thousand more shares were traded than the day before. In total, 11 thousand shares were bought and sold for approximately $2.03 thousand.
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 99.36% during the next 3 months and, with a 90% probability hold a price between $0.332 and $0.410 at the end of this 3-month period.
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EXMGF Signals & Forecast
The Excelsior 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 $0.174 and $0.152. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, April 22, 2024, and so far it has risen 40.06%. Further rise is indicated until a new top pivot has been found. Excelsior Mining Corp has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Excelsior Mining Corp stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.169 and $0.150. 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, Excelsior Mining Corp finds support just below today's level at $0.169. If this is broken, then the next support from accumulated volume will be at $0.150 and $0.147.
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 $0.0154 between high and low, or 8.34%. For the last week, the stock has had daily average volatility of 7.51%.
Our recommended stop-loss: $0.178 (-3.68%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 27 days ago.)
Trading Expectations (EXMGF) For The Upcoming Trading Day Of Wednesday 22nd
For the upcoming trading day on Wednesday, 22nd we expect Excelsior Mining Corp to open at $0.190, and during the day (based on 14 day Average True Range), to move between $0.170 and $0.199, which gives a possible trading interval of +/-$0.0142 (+/-7.67%) up or down from last closing price. If Excelsior Mining Corp takes out the full calculated possible swing range there will be an estimated 15.33% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $0.169, some $0.0156 (8.45%) from the current price of $0.185, our system finds the risk reward attractive.
Is Excelsior Mining Corp stock A Buy?
Excelsior Mining 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. 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 Excelsior Mining Corp of Wednesday, May 22, 2024
| Fair opening price May 22, 2024 | Current price |
|---|---|
| $0.190 ( 2.78%) | $0.185 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EXMGF
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.205 | 11.12 % | |
| R2 | 0.199 | 7.94 % | ||
| R1 | 0.196 | 5.97 % | ||
| Current price: | 0.185 | |||
| Support | S1 | 0.184 | -0.406 % | |
| S2 | 0.180 | -2.37 % | ||
| S3 | 0.174 | -5.56 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 0.185 | |||
| Support | S1 | 0.169 | -8.45% | |
| S2 | 0.150 | -18.74% | ||
| S3 | 0.147 | -20.37% |
FAQ
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