Gold Mountain Mining Corp. Stock Forecast

Gold Mountain Mining Corp. stock price took a fall of -15.00% on Friday
(Updated on May 31, 2024)

GMTNF Signals & Forecast

The Gold Mountain Mining Corp. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $0.0277. On a fall, the stock will find some support from the long-term average at approximately $0.0254. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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. A sell signal was issued from a pivot top point on Monday, April 08, 2024, and so far it has fallen -27.14%. Further fall is indicated until a new bottom pivot has been found. 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 Gold Mountain Mining Corp. stock

Gold Mountain Mining Corp. finds support from accumulated volume at $0.0250 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very 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 22.78%.

Our recommended stop-loss: $0.0240 (-5.88%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 52 days ago.)

Trading Expectations (GMTNF) For The Upcoming Trading Day Of Monday 3rd

For the upcoming trading day on Monday, 3rd we expect Gold Mountain Mining Corp. to open at $0.0255, and during the day (based on 14 day Average True Range), to move between $0.0198 and $0.0312, which gives a possible trading interval of +/-$0.0057 (+/-22.50%) up or down from last closing price. If Gold Mountain Mining Corp. takes out the full calculated possible swing range there will be an estimated 45.00% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.0250 (1.96%) than the resistance at $0.0290 (13.73%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Gold Mountain Mining Corp. stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Gold Mountain Mining Corp. stock to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.

Current score: 1.985 Buy Candidate Downgraded

Predicted Opening Price for Gold Mountain Mining Corp. of Monday, June 3, 2024

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