Sailfish Royalty Corp. Stock Forecast

Sailfish Royalty Corp. stock price ended at $1.23 on Wednesday, after losing 1.60%.
(Updated on Jun 26, 2024)

FISH.V Signals & Forecast

The Sailfish Royalty 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 $1.21 and $1.22. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, June 21, 2024, and so far it has risen 7.89%. Further rise is indicated until a new top pivot has been found. 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. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Sailfish Royalty Corp. stock

Sailfish Royalty Corp. finds support from accumulated volume at $1.22 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 controlled movements and therefore the general risk is considered 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 6.09%.

Our recommended stop-loss: $1.18 (-3.92%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 36 days ago.)

Trading Expectations (FISH.V) For The Upcoming Trading Day Of Thursday 27th

For the upcoming trading day on Thursday, 27th we expect Sailfish Royalty Corp. to open at $1.23, and during the day (based on 14 day Average True Range), to move between $1.18 and $1.28, which gives a possible trading interval of +/-$0.0495 (+/-4.02%) up or down from last closing price. If Sailfish Royalty Corp. takes out the full calculated possible swing range there will be an estimated 8.05% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $1.22 (0.81%) than the resistance at $1.25 (1.63%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Sailfish Royalty Corp. stock A Buy?

Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.

Current score: 2.160 Buy Candidate Unchanged

Predicted Opening Price for Sailfish Royalty Corp. of Thursday, June 27, 2024

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