International Tower Hill Mines Ltd. Stock Forecast
Red day on Tuesday for International Tower Hill Mines Ltd. stock after losing 0%
(Updated on Jun 18, 2024)
No changes to the price of International Tower Hill Mines Ltd. stock on the last trading day (Tuesday, 18th Jun 2024). During the last trading day the stock fluctuated 0% from a day low at $0.740 to a day high of $0.740. The price has fallen in 5 of the last 10 days and is down by -7.5% for this period.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.721 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -12.60% during the next 3 months and, with a 90% probability hold a price between $0.630 and $0.85 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.
ITH.TO Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, June 12, 2024, and so far it has risen 1.37%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The International Tower Hill Mines Ltd. 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 $0.743 and $0.86. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for International Tower Hill Mines Ltd. stock
International Tower Hill Mines Ltd. finds support from accumulated volume at $0.730 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 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 between high and low, or 0%. For the last week the stock has had daily average volatility of 2.23%.
International Tower Hill Mines Ltd. is oversold on RSI14 (24). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ITH.TO) For The Upcoming Trading Day Of Wednesday 19th
For the upcoming trading day on Wednesday, 19th we expect International Tower Hill Mines Ltd. to open at $0.740, and during the day (based on 14 day Average True Range), to move between $0.713 and $0.767, which gives a possible trading interval of +/-$0.0270 (+/-3.64%) up or down from last closing price. If International Tower Hill Mines Ltd. takes out the full calculated possible swing range there will be an estimated 7.28% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.730 (1.35%) than the resistance at $0.87 (17.57%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is International Tower Hill Mines Ltd. stock A Buy?
International Tower Hill Mines Ltd. holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -4.656 Sell Candidate Unchanged
Predicted Opening Price for International Tower Hill Mines Ltd. of Wednesday, June 19, 2024
| Fair opening price June 19, 2024 | Current price |
|---|---|
| $0.740 ( 0.00000000%) | $0.740 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ITH.TO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.740 | 0.00000000% |
| R2 | 0.740 | 0.00000000% |
| R1 | 0.740 | 0.00000000% |
| Price | 0.740 | |
| S1 | 0.740 | 0.00000000% |
| S2 | 0.740 | 0.00000000% |
| S3 | 0.740 | 0.00000000% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.92 | 24.32% |
| R2 | 0.91 | 22.97% |
| R1 | 0.87 | 17.57% |
| Price | 0.740 | |
| S1 | 0.730 | -1.35% |
| S2 | 0 | - |
| S3 | 0 | - |
FAQ
Click here for our free guide on how to buy International Tower Hill Mines Ltd. Stock.
