Jervois Global Limited Stock Forecast
Red day on Thursday for Jervois Global Limited
(Updated on Jun 13, 2024)
No changes to the price of Jervois Global Limited stock on the last trading day (Thursday, 13th Jun 2024). During the last trading day the stock fluctuated 0% from a day low at $0.0150 to a day high of $0.0150. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -37.06% during the next 3 months and, with a 90% probability hold a price between $0.0058 and $0.0111 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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JRV.V Signals & Forecast
There are few to no technical positive signals at the moment. The Jervois Global Limited 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 $0.0150 and $0.0161. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, May 24, 2024, and so far it has fallen -25.00%. 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). 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 Jervois Global Limited stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
This stock may move very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very 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 30.00%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (JRV.V) For The Upcoming Trading Day Of Friday 14th
For the upcoming trading day on Friday, 14th we expect Jervois Global Limited to open at $0.0150, and during the day (based on 14 day Average True Range), to move between $0.0120 and $0.0180, which gives a possible trading interval of +/-$0.0030 (+/-19.76%) up or down from last closing price. If Jervois Global Limited takes out the full calculated possible swing range there will be an estimated 39.53% move between the lowest and the highest trading price during the day.
Is Jervois Global Limited stock A Buy?
Jervois Global Limited 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: -3.933 Sell Candidate Unchanged
Predicted Opening Price for Jervois Global Limited of Friday, June 14, 2024
| Fair opening price June 14, 2024 | Current price |
|---|---|
| $0.0150 ( 0%) | $0.0150 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for JRV.V
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0150 | - |
| R2 | 0.0150 | - |
| R1 | 0.0150 | - |
| Price | 0.0150 | |
| S1 | 0.0150 | - |
| S2 | 0.0150 | - |
| S3 | 0.0150 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 0.0150 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
FAQ
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