Fury Gold Mines Limited Stock Forecast

Fury Gold Mines Limited stock price ended at $0.400 on Tuesday, after losing 0%.
(Updated on May 07, 2024)

FURY Signals & Forecast

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 Fury Gold Mines Limited 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 $0.420 and $0.466. 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 -30.67%. 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 Fury Gold Mines Limited stock

On the downside, the stock finds support just below today's level from accumulated volume at $0.342 and $0.335. 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, Fury Gold Mines Limited finds support just below today's level at $0.342. If this is broken, then the next support from accumulated volume will be at $0.335 and $0.330.

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 $0.0300 between high and low, or 7.50%. For the last week, the stock has had daily average volatility of 9.01%.

Fury Gold Mines Limited is oversold on RSI14 (18). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

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

Trading Expectations (FURY) For The Upcoming Trading Day Of Wednesday 8th

For the upcoming trading day on Wednesday, 8th we expect Fury Gold Mines Limited to open at $0.410, and during the day (based on 14 day Average True Range), to move between $0.367 and $0.434, which gives a possible trading interval of +/-$0.0335 (+/-8.37%) up or down from last closing price. If Fury Gold Mines Limited takes out the full calculated possible swing range there will be an estimated 16.73% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.404 (0.97%) than the support at $0.342 (14.50%), 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 Fury Gold Mines Limited stock A Buy?

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

Current score: -2.289 Sell Candidate Unchanged

Predicted Opening Price for Fury Gold Mines Limited of Wednesday, May 8, 2024

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