Mistango River Resources Inc. Stock Forecast
Weaker technical forecast for Mistango River Resources Inc. as stock downgraded to Sell Candidate.
(Updated on May 10, 2024)
No changes to the price of Mistango River Resources Inc. stock on the last trading day (Friday, 10th May 2024). During the last trading day the stock fluctuated 0% from a day low at $0.0400 to a day high of $0.0400. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks.
The stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 11.25% during the next 3 months and, with a 90% probability hold a price between $0.0366 and $0.0517 at the end of this 3-month period.
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MIS.CN Signals & Forecast
The Mistango River Resources Inc. 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 $0.0393 and $0.0396. A breakdown below any of these levels will issue sell signals. 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 Thursday, May 09, 2024, and so far it has fallen 0%. 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). 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.
Support, Risk & Stop-loss for Mistango River Resources Inc. stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.0350. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $ may give a huge drop in the stock price.
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 2.86%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (MIS.CN) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect Mistango River Resources Inc. to open at $0.0400, and during the day (based on 14 day Average True Range), to move between $0.0384 and $0.0416, which gives a possible trading interval of +/-$0.0016 (+/-3.96%) up or down from last closing price. If Mistango River Resources Inc. takes out the full calculated possible swing range there will be an estimated 7.92% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0450 (12.50%) than the support at $0.0350 (12.50%), 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 Mistango River Resources Inc. stock A Buy?
Mistango River Resources Inc. 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.801 Sell Candidate Downgraded
Predicted Opening Price for Mistango River Resources Inc. of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| $0.0400 ( 0%) | $0.0400 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MIS.CN
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0400 | . | |
| R2 | 0.0400 | . | ||
| R1 | 0.0400 | . | ||
| Current price: | 0.0400 | |||
| Support | S1 | 0.0400 | . | |
| S2 | 0.0400 | . | ||
| S3 | 0.0400 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0.0450 | 12.50 % | ||
| Current price | 0.0400 | |||
| Support | S1 | 0.0350 | -12.50% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
MIS Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 27, 2001 | Jun 27, 2001 | Jun 27, 2001 | $1.34 | 48.55% |
| 2 | Mar 28, 2001 | Mar 28, 2001 | Mar 28, 2001 | $0.676 | 48.26% |
| 3 | Dec 27, 2000 | Dec 27, 2000 | Dec 27, 2000 | $1.16 | 81.69% |
| 4 | Sep 27, 2000 | Sep 27, 2000 | Sep 27, 2000 | $1.16 | 69.05% |
| 5 | Jun 28, 2000 | Jun 28, 2000 | Jun 28, 2000 | $1.16 | 126.09% |
FAQ
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