Matsa Resources Limited Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Red day on Thursday for Matsa Resources Limited stock after losing 0%
(Updated on Jun 27, 2024)
No changes to the price of Matsa Resources Limited stock on the last trading day (Thursday, 27th Jun 2024). During the last trading day the stock fluctuated 0% from a day low at $0.0250 to a day high of $0.0250. The price has been going up and down for this period, and there has been a -10.71% loss 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 -23.64% during the next 3 months and, with a 90% probability hold a price between $0.0177 and $0.0230 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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MAT.AX Signals & Forecast
There are mixed signals in the stock today. The Matsa Resources 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 $0.0263 and $0.0283. A break-up above any of these levels will issue buy signals. 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. A buy signal was issued from a pivot bottom point on Tuesday, June 11, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Matsa Resources 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 has average movements during the day, but be aware of low or falling volume as this increases the 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 3.14%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (MAT.AX) For The Upcoming Trading Day Of Friday 28th
For the upcoming trading day on Friday, 28th we expect Matsa Resources Limited to open at $0.0250, and during the day (based on 14 day Average True Range), to move between $0.0236 and $0.0264, which gives a possible trading interval of +/-$0.0014 (+/-5.74%) up or down from last closing price. If Matsa Resources Limited takes out the full calculated possible swing range there will be an estimated 11.48% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $0.0270, some $0.0020 (8.00%) from the current price of $0.0250, our system finds the risk reward not very attractive.
Is Matsa Resources Limited stock A Buy?
Matsa Resources Limited holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -4.082 Sell Candidate Unchanged
Predicted Opening Price for Matsa Resources Limited of Friday, June 28, 2024
| Fair opening price June 28, 2024 | Current price |
|---|---|
| $0.0250 ( 0.00000000%) | $0.0250 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MAT.AX
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0250 | 0.00000000% |
| R2 | 0.0250 | 0.00000000% |
| R1 | 0.0250 | 0.00000000% |
| Price | 0.0250 | |
| S1 | 0.0250 | 0.00000000% |
| S2 | 0.0250 | 0.00000000% |
| S3 | 0.0250 | 0.00000000% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0300 | 20.00% |
| R2 | 0.0280 | 12.00% |
| R1 | 0.0270 | 8.00% |
| Price | 0.0250 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
MAT Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 26, 2016 | May 30, 2016 | Nov 01, 2016 | $0.0015 | 0.99% |
FAQ
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