49 North Resources Inc. Stock Forecast
Strong day for 49 North Resources Inc. stock price on Friday rising 16.67% to $0.0350
(Updated on May 17, 2024)
The 49 North Resources Inc. stock price gained 16.67% on the last trading day (Friday, 17th May 2024), rising from $0.0300 to $0.0350. During the last trading day the stock fluctuated 0% from a day low at $0.0350 to a day high of $0.0350. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 20 thousand more shares were traded than the day before. In total, 20 thousand shares were bought and sold for approximately $710.85 .
The stock lies in the upper part of a very wide and weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $0.0353 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 7.81% during the next 3 months and, with a 90% probability hold a price between $0.0294 and $0.0381 at the end of this 3-month period.
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FNR.V Signals & Forecast
The 49 North Resources 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 $0.0307 and $0.0304. A breakdown below any of these levels will issue sell signals. 49 North Resources Inc. 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. A sell signal was issued from a pivot top point on Tuesday, May 07, 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).
Support, Risk & Stop-loss for 49 North Resources Inc. stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.0300. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $ may give a huge drop in the stock price.
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 between high and low, or 0%. For the last week, the stock has had daily average volatility of 0%.
Our recommended stop-loss: $0.0336 (-4.00%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 7 days ago.)
Trading Expectations (FNR.V) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect 49 North Resources Inc. to open at $0.0350, and during the day (based on 14 day Average True Range), to move between $0.0335 and $0.0365, which gives a possible trading interval of +/-$0.0015 (+/-4.30%) up or down from last closing price. If 49 North Resources Inc. takes out the full calculated possible swing range there will be an estimated 8.61% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0400 (14.29%) than the support at $0.0300 (14.29%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is 49 North Resources Inc. stock A Buy?
49 North Resources 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 49 North Resources Inc. of Tuesday, May 21, 2024
| Fair opening price May 21, 2024 | Current price |
|---|---|
| $0.0350 ( 0%) | $0.0350 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FNR.V
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0350 | . | |
| R2 | 0.0350 | . | ||
| R1 | 0.0350 | . | ||
| Current price: | 0.0350 | |||
| Support | S1 | 0.0350 | . | |
| S2 | 0.0350 | . | ||
| S3 | 0.0350 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0.0400 | 14.29 % | ||
| Current price | 0.0350 | |||
| Support | S1 | 0.0300 | -14.29% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
FNR Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 25, 2012 | Jun 25, 2012 | Jun 30, 2012 | $0.0200 | 0.82% |
| 2 | Mar 13, 2012 | Mar 13, 2012 | Mar 13, 2012 | $0.0200 | 0.690% |
| 3 | Nov 29, 2011 | Nov 29, 2011 | Nov 29, 2011 | $0.0200 | 0.641% |
| 4 | Sep 13, 2011 | Sep 13, 2011 | Sep 13, 2011 | $0.0200 | 0.519% |
FAQ
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