Gold Resource Corp Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Gold Resource Corp stock price fell more than -6.94% Friday closing at $0.432
(Updated on May 03, 2024)
The Gold Resource Corp stock price fell by -6.94% on the last day (Friday, 3rd May 2024) from $0.464 to $0.432. During the last trading day the stock fluctuated 9.30% from a day low at $0.430 to a day high of $0.470. The price has risen in 6 of the last 10 days but is still down by -11.11% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -139 thousand shares and in total, 627 thousand shares were bought and sold for approximately $270.97 thousand.
Given the current short-term trend, the stock is expected to rise 80.87% during the next 3 months and, with a 90% probability hold a price between $0.781 and $1.40 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.
GORO Signals & Forecast
There are few to no technical positive signals at the moment. The Gold Resource Corp 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 $0.476 and $0.482. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, April 03, 2024, and so far it has fallen -33.53%. 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). 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.
Support, Risk & Stop-loss for Gold Resource Corp stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.410 and $0.396. 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, Gold Resource Corp finds support just below today's level at $0.410. If this is broken, then the next support from accumulated volume will be at $0.396 and $0.384.
This stock may move much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.0400 between high and low, or 9.30%. For the last week the stock has had daily average volatility of 10.20%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (GORO) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Gold Resource Corp to open at $0.444, and during the day (based on 14 day Average True Range), to move between $0.379 and $0.485, which gives a possible trading interval of +/-$0.0535 (+/-12.38%) up or down from last closing price. If Gold Resource Corp takes out the full calculated possible swing range there will be an estimated 24.75% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.410 (5.09%) than the resistance at $0.490 (13.43%), 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 Resource Corp stock A Buy?
The Gold Resource Corp stock holds several negative signals and despite the positive trend, we believe Gold Resource Corp will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -1.871 Sell Candidate Unchanged
Predicted Opening Price for Gold Resource Corp of Monday, May 6, 2024
Fair opening price May 6, 2024 | Current price |
---|---|
$0.444 ( 2.78%) | $0.432 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GORO
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.484 | 12.04 % | |
R2 | 0.469 | 8.50 % | ||
R1 | 0.459 | 6.31 % | ||
Current price: | 0.432 | |||
Support | S1 | 0.429 | -0.759 % | |
S2 | 0.419 | -2.94 % | ||
S3 | 0.404 | -6.48 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.537 | 24.35 % | |
R2 | 0.512 | 18.47 % | ||
R1 | 0.490 | 13.43 % | ||
Current price | 0.432 | |||
Support | S1 | 0.410 | -5.09% | |
S2 | 0.396 | -8.33% | ||
S3 | 0.384 | -11.11% |
GORO Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Oct 31, 2022 | Dec 14, 2022 | Dec 30, 2022 | $0.0100 | 0.654% |
2 | Jul 28, 2022 | Sep 14, 2022 | Sep 30, 2022 | $0.0100 | 0.606% |
3 | Apr 28, 2022 | Jun 14, 2022 | Jun 30, 2022 | $0.0100 | 0.613% |
4 | Feb 24, 2022 | Mar 14, 2022 | Mar 31, 2022 | $0.0100 | 0.446% |
5 | Oct 28, 2021 | Dec 14, 2021 | Dec 29, 2021 | $0.0100 | 0.629% |
FAQ
Click here for our free guide on how to buy Gold Resource Corp Stock.