Hycroft Mining Holding Corporation Stock Forecast

High volatility in Hycroft Mining Holding Corporation stock price on Monday which ended trading at $0.0172
(Updated on Jun 17, 2024)

HYMCW Signals & Forecast

There are mixed signals in the stock today. The Hycroft Mining Holding Corporation 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 $0.0183. On a fall, the stock will find some support from the short-term average at $0.0167. 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. A sell signal was issued from a pivot top point on Tuesday, June 11, 2024, and so far it has fallen -4.44%. 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). Hycroft Mining Holding Corporation 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.

Support, Risk & Stop-loss for Hycroft Mining Holding Corporation stock

On the downside, the stock finds support just below today's level from accumulated volume at $0.0150 and $0.0147. 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, Hycroft Mining Holding Corporation finds support just below today's level at $0.0150. If this is broken, then the next support from accumulated volume will be at $0.0147 and $0.0146.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.0022 between high and low, or 14.67%. For the last week, the stock has had daily average volatility of 19.21%.

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

Trading Expectations (HYMCW) For The Upcoming Trading Day Of Tuesday 18th

For the upcoming trading day on Tuesday, 18th we expect Hycroft Mining Holding Corporation to open at $0.0165, and during the day (based on 14 day Average True Range), to move between $0.0137 and $0.0207, which gives a possible trading interval of +/-$0.0035 (+/-20.35%) up or down from last closing price. If Hycroft Mining Holding Corporation takes out the full calculated possible swing range there will be an estimated 40.70% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.0180 (4.65%) than the support at $0.0150 (12.79%), 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 Hycroft Mining Holding Corporation stock A Buy?

Hycroft Mining Holding Corporation 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.

Current score: -2.311 Sell Candidate Unchanged

Predicted Opening Price for Hycroft Mining Holding Corporation of Tuesday, June 18, 2024

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