First Mining Finance Stock Forecast

Big movements in First Mining Finance stock price on Friday moving 10.87% between high and low
(Updated on May 17, 2024)

FFMGF Signals & Forecast

Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". Some negative signals were issued as well, and these may have some influence on the near short-term development. The First Mining Finance stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $0.109 and $0.113. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, April 08, 2024, and so far it has fallen -20.68%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for First Mining Finance stock

On the downside, the stock finds support just below today's level from accumulated volume at $0.0970 and $0.0833. 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, First Mining Finance finds support just below today's level at $0.0970. If this is broken, then the next support from accumulated volume will be at $0.0833 and $0.0825.

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 $0.0113 between high and low, or 10.87%. For the last week, the stock has had daily average volatility of 8.21%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (FFMGF) For The Upcoming Trading Day Of Monday 20th

For the upcoming trading day on Monday, 20th we expect First Mining Finance to open at $0.109, and during the day (based on 14 day Average True Range), to move between $0.0974 and $0.117, which gives a possible trading interval of +/-$0.0096 (+/-8.95%) up or down from last closing price. If First Mining Finance takes out the full calculated possible swing range there will be an estimated 17.90% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.0970 (9.35%) than the resistance at $0.120 (12.15%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is First Mining Finance stock A Buy?

The First Mining Finance stock holds several negative signals and despite the positive trend, we believe First Mining Finance will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -1.439 Sell Candidate Unchanged

Predicted Opening Price for First Mining Finance of Monday, May 20, 2024

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