Angus Gold Inc. Stock Forecast

Strong day for Angus Gold Inc. stock price on Friday rising 8.62% to $0.630
(Updated on May 17, 2024)

GUS.V Signals & Forecast

The Angus Gold Inc. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $0.599 and $0.581. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, April 25, 2024, and so far it has risen 21.15%. 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). Angus Gold Inc. has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. The stock had a Golden Star Signal on Friday, May 03, 2024 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for Angus Gold Inc. stock

Angus Gold Inc. finds support from accumulated volume at $0.600 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 $0.0500 between high and low, or 8.33%. For the last week, the stock has had daily average volatility of 3.03%.

Our recommended stop-loss: $0.604 (-4.05%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 16 days ago.)

Trading Expectations (GUS.V) For The Upcoming Trading Day Of Tuesday 21st

For the upcoming trading day on Tuesday, 21st we expect Angus Gold Inc. to open at $0.627, and during the day (based on 14 day Average True Range), to move between $0.606 and $0.654, which gives a possible trading interval of +/-$0.0238 (+/-3.77%) up or down from last closing price. If Angus Gold Inc. takes out the full calculated possible swing range there will be an estimated 7.54% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $0.600, some $0.0300 (4.76%) from the current price of $0.630, our system finds the risk reward attractive.

Is Angus Gold Inc. stock A Buy?

Angus Gold Inc. 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: 0.000 Hold/Accumulate Upgraded

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 Angus Gold Inc. of Tuesday, May 21, 2024

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