Minera Alamos Inc. Stock Forecast
Minera Alamos Inc. stock price fell more than -5.18% Wednesday closing at $0.218
(Updated on Mar 27, 2024)
The Minera Alamos Inc. stock price fell by -5.18% on the last day (Wednesday, 27th Mar 2024) from $0.230 to $0.218. During the last trading day the stock fluctuated 3.14% from a day low at $0.215 to a day high of $0.222. The price has fallen in 6 of the last 10 days and is down by -5.22% for this period. Volume has increased on the last day by 165 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 268 thousand shares were bought and sold for approximately $58.51 thousand.
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 -17.71% during the next 3 months and, with a 90% probability hold a price between $0.147 and $0.195 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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MAIFF Signals & Forecast
The Minera Alamos Inc. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $0.221. On a fall, the stock will find some support from the long-term average at approximately $0.216. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. A buy signal was issued from a pivot bottom point on Monday, March 11, 2024, and so far it has risen 1.40%. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Minera Alamos Inc. gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Minera Alamos Inc. stock
Minera Alamos Inc. finds support from accumulated volume at $0.210 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 $0.0068 between high and low, or 3.14%. For the last week, the stock has had daily average volatility of 4.33%.
Our recommended stop-loss: $0.207 (-4.82%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 12 days ago.)
Trading Expectations (MAIFF) For The Upcoming Trading Day Of Thursday 28th
For the upcoming trading day on Thursday, 28th we expect Minera Alamos Inc. to open at $0.218, and during the day (based on 14 day Average True Range), to move between $0.206 and $0.230, which gives a possible trading interval of +/-$0.0119 (+/-5.47%) up or down from last closing price. If Minera Alamos Inc. takes out the full calculated possible swing range there will be an estimated 10.93% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.210 (3.67%) than the resistance at $0.243 (11.42%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Minera Alamos Inc. stock A Buy?
Minera Alamos Inc. 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: -0.859 Hold/Accumulate Unchanged
Predicted Opening Price for Minera Alamos Inc. of Thursday, March 28, 2024
Fair opening price March 28, 2024 | Current price |
---|---|
$0.218 ( 0.115%) | $0.218 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MAIFF
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.225 | 3.21 % | |
R2 | 0.222 | 2.03 % | ||
R1 | 0.221 | 1.30 % | ||
Current price: | 0.218 | |||
Support | S1 | 0.216 | -1.07 % | |
S2 | 0.214 | -1.80 % | ||
S3 | 0.212 | -2.98 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.257 | 17.81 % | |
R2 | 0.248 | 13.97 % | ||
R1 | 0.243 | 11.42 % | ||
Current price | 0.218 | |||
Support | S1 | 0.210 | -3.67% | |
S2 | 0.205 | -5.96% | ||
S3 | 0.201 | -8.03% |
FAQ
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