Juggernaut Exploration Ltd. Stock Forecast

High volatility in Juggernaut Exploration Ltd. stock price on Friday which ended trading at $0.105
(Updated on May 17, 2024)

JUGR.V Signals & Forecast

The Juggernaut Exploration Ltd. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $0.0964 and $0.0993. A breakdown below any of these levels will issue sell signals. Juggernaut Exploration Ltd. 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. 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 Friday, April 12, 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).

Support, Risk & Stop-loss for Juggernaut Exploration Ltd. stock

Juggernaut Exploration Ltd. finds support from accumulated volume at $0.100 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 $0.0100 between high and low, or 10.53%. For the last week, the stock has had daily average volatility of 7.11%.

Our recommended stop-loss: $0.0990 (-5.74%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 25 days ago.)

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

For the upcoming trading day on Tuesday, 21st we expect Juggernaut Exploration Ltd. to open at $0.102, and during the day (based on 14 day Average True Range), to move between $0.0970 and $0.113, which gives a possible trading interval of +/-$0.0080 (+/-7.59%) up or down from last closing price. If Juggernaut Exploration Ltd. takes out the full calculated possible swing range there will be an estimated 15.18% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.100 (4.76%) than the resistance at $0.120 (14.29%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Juggernaut Exploration Ltd. stock A Buy?

Juggernaut Exploration Ltd. 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.

Current score: 0.000 Hold/Accumulate Unchanged

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 Juggernaut Exploration Ltd. of Tuesday, May 21, 2024

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