Getchell Gold Corp. Stock Forecast

Big movements in Getchell Gold Corp. stock price on Friday moving 13.64% between high and low
(Updated on Jun 28, 2024)

GTCH.CN Signals & Forecast

A buy signal was issued from a pivot bottom point on Wednesday, June 12, 2024, and so far it has risen 13.64%. 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 Getchell Gold Corp. stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $0.126. On a fall, the stock will find some support from the short-term average at $0.124. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Getchell Gold Corp. gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Getchell Gold Corp. stock

Getchell Gold Corp. finds support from accumulated volume at $0.120 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.0150 between high and low, or 13.64%. For the last week, the stock has had daily average volatility of 5.23%.

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

Trading Expectations (GTCH.CN) For The Upcoming Trading Day Of Tuesday 2nd

For the upcoming trading day on Tuesday, 2nd we expect Getchell Gold Corp. to open at $0.120, and during the day (based on 14 day Average True Range), to move between $0.116 and $0.134, which gives a possible trading interval of +/-$0.0094 (+/-7.54%) up or down from last closing price. If Getchell Gold Corp. takes out the full calculated possible swing range there will be an estimated 15.08% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.130 (4.00%) than the support at $0.120 (4.00%), 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 Getchell Gold Corp. stock A Buy?

Getchell Gold Corp. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Sell candidate.

Current score: -2.548 Sell Candidate Downgraded

Predicted Opening Price for Getchell Gold Corp. of Tuesday, July 2, 2024

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