Galantas Gold Corporation Stock Forecast
Galantas Gold Corporation stock price down 0% on Friday
(Updated on Jun 21, 2024)
No changes to the price of Galantas Gold Corporation stock on the last trading day (Friday, 21st Jun 2024). During the last trading day the stock fluctuated 0% from a day low at $0.109 to a day high of $0.109. The price has been going up and down for this period, and there has been a -3.54% loss for the last 2 weeks.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -22.54% during the next 3 months and, with a 90% probability hold a price between $0.0644 and $0.114 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
GALKF Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, June 17, 2024, and so far it has fallen 0%. 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. The Galantas Gold Corporation 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 $0.111 and $0.126. A break-up above any of these levels will issue buy signals. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Galantas Gold Corporation stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.0970. 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.
In general the stock tends to have very controlled movements and therefore the general risk is considered very 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 0.183%
Galantas Gold Corporation is oversold on RSI14 (11). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.
Our recommended stop-loss: $0.102 (-6.78%) (This stock has low daily movements and this gives low risk. Low RSI14 is 11 which reduces the risk some. There is a buy signal from a pivot bottom found 48 days ago.)
Trading Expectations (GALKF) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect Galantas Gold Corporation to open at $0.109, and during the day (based on 14 day Average True Range), to move between $0.102 and $0.116, which gives a possible trading interval of +/-$0.0073 (+/-6.72%) up or down from last closing price. If Galantas Gold Corporation takes out the full calculated possible swing range there will be an estimated 13.45% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.114 (4.40%) than the support at $0.0970 (11.01%), 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 Galantas Gold Corporation stock A Buy?
Galantas Gold Corporation 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 Galantas Gold Corporation of Monday, June 24, 2024
Fair opening price June 24, 2024 | Current price |
---|---|
$0.109 ( 0%) | $0.109 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GALKF
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.109 | - |
R2 | 0.109 | - |
R1 | 0.109 | - |
Price | 0.109 | |
S1 | 0.109 | - |
S2 | 0.109 | - |
S3 | 0.109 | - |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.125 | 14.68% |
R2 | 0.118 | 8.53% |
R1 | 0.114 | 4.40% |
Price | 0.109 | |
S1 | 0.0970 | -11.01% |
S2 | 0 | - |
S3 | 0 | - |
FAQ
Click here for our free guide on how to buy Galantas Gold Corporation Stock.