Medinah Minerals, Inc. Stock Forecast

Medinah Minerals, Inc. stock price ended at $0.0012 on Friday, after losing 0%.
(Updated on May 17, 2024)

MDMN Signals & Forecast

The Medinah Minerals, Inc. 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 $0.0012 and $0.0011. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, May 15, 2024, and so far it has fallen 0%. 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). 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.

Sell

Special Signal Notification

Double Top Formation

Support, Risk & Stop-loss for Medinah Minerals, Inc. stock

On the downside, the stock finds support just below today's level from accumulated volume at $0.0011 and $0.0011. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Medinah Minerals, Inc. finds support just below today's level at $0.0011. If this is broken, then the next support from accumulated volume will be at $0.0011 and $0.0010.

In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock 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 51.21%

Our recommended stop-loss: $0.0011 (-5.92%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 2 days ago.)

Trading Expectations (MDMN) For The Upcoming Trading Day Of Monday 20th

For the upcoming trading day on Monday, 20th we expect Medinah Minerals, Inc. to open at $0.0012, and during the day (based on 14 day Average True Range), to move between $0.0010 and $0.0014, which gives a possible trading interval of +/-$0.0002 (+/-17.58%) up or down from last closing price. If Medinah Minerals, Inc. takes out the full calculated possible swing range there will be an estimated 35.15% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.0011 (5.83%) than the resistance at $0.0013 (8.33%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Medinah Minerals, Inc. 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 Medinah Minerals, Inc. stock to perform well in the short-term.

Current score: 3.732 Buy Candidate Unchanged

Predicted Opening Price for Medinah Minerals, Inc. of Monday, May 20, 2024

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