Integra Resources Corp. Stock Forecast

Volatile ride for Integra Resources Corp. stock price on Friday moving between $0.81 and $0.91
(Updated on May 24, 2024)

ITRG Signals & Forecast

The Integra Resources Corp. 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 $0.84 and $0.82. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Integra Resources Corp. 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. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Monday, May 20, 2024, and so far it has fallen -4.48%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for Integra Resources Corp. stock

Integra Resources Corp. finds support from accumulated volume at $0.87 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 $0.0987 between high and low, or 12.17%. For the last week, the stock has had daily average volatility of 9.43%.

Our recommended stop-loss: $0.83 (-4.50%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 12 days ago.)

Trading Expectations (ITRG) For The Upcoming Trading Day Of Tuesday 28th

For the upcoming trading day on Tuesday, 28th we expect Integra Resources Corp. to open at $0.87, and during the day (based on 14 day Average True Range), to move between $0.82 and $0.93, which gives a possible trading interval of +/-$0.0551 (+/-6.30%) up or down from last closing price. If Integra Resources Corp. takes out the full calculated possible swing range there will be an estimated 12.60% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.87 (1.03%) than the resistance at $0.88 (1.14%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Integra Resources Corp. stock A Buy?

Integra Resources Corp. holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.

Current score: 5.155 Strong Buy Candidate Upgraded

Predicted Opening Price for Integra Resources Corp. of Tuesday, May 28, 2024

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