Max Power Mining Corp. Stock Forecast

Max Power Mining Corp. stock price down 0% on Tuesday
(Updated on Jul 02, 2024)

MAXX.CN Signals & Forecast

The Max Power Mining 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 $0.456 and $0.409. 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). 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 Wednesday, June 26, 2024, and so far it has fallen -1.04%. Further fall is indicated until a new bottom pivot has been found. 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".

Support, Risk & Stop-loss for Max Power Mining Corp. stock

Max Power Mining Corp. finds support from accumulated volume at $0.460 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.0300 between high and low, or 6.52%. For the last week the stock has had daily average volatility of 8.86%.

Our recommended stop-loss: $0.456 (-3.97%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 8 days ago.)

Trading Expectations (MAXX.CN) For The Upcoming Trading Day Of Wednesday 3rd

For the upcoming trading day on Wednesday, 3rd we expect Max Power Mining Corp. to open at $0.475, and during the day (based on 14 day Average True Range), to move between $0.435 and $0.515, which gives a possible trading interval of +/-$0.0397 (+/-8.35%) up or down from last closing price. If Max Power Mining Corp. takes out the full calculated possible swing range there will be an estimated 16.70% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.480 (1.05%) than the support at $0.460 (3.16%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Max Power Mining Corp. stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Max Power Mining Corp. stock to perform well in the short-term.

Current score: 1.442 Buy Candidate Unchanged

Predicted Opening Price for Max Power Mining Corp. of Wednesday, July 3, 2024

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