The Mint Corporation Stock Forecast
Big movements in The Mint Corporation stock price on Friday moving 31.82% between high and low
(Updated on May 03, 2024)
The The Mint Corporation stock price fell by -5.98% on the last day (Friday, 3rd May 2024) from $0.0234 to $0.0220. During the last trading day the stock fluctuated 31.82% from a day low at $0.0220 to a day high of $0.0290. The price has risen in 5 of the last 10 days but is still down by -0.9% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -81 thousand shares and in total, 140 thousand shares were bought and sold for approximately $3.07 thousand.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.0206 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -4.90% during the next 3 months and, with a 90% probability hold a price between $0.0196 and $0.0292 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
MITJF Signals & Forecast
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. The The Mint Corporation 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 $0.0245 and $0.0253. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, May 01, 2024, and so far it has fallen -18.52%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for The Mint Corporation 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 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 $0.0070 between high and low, or 31.82%. For the last week the stock has had daily average volatility of 24.39%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (MITJF) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect The Mint Corporation to open at $0.0243, and during the day (based on 14 day Average True Range), to move between $0.0169 and $0.0271, which gives a possible trading interval of +/-$0.0051 (+/-23.24%) up or down from last closing price. If The Mint Corporation takes out the full calculated possible swing range there will be an estimated 46.48% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $0.0221, some $0.0001 (0.45%) from the current price of $0.0220, our system finds the risk reward not very attractive.
Is The Mint Corporation stock A Buy?
The Mint Corporation holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -4.919 Sell Candidate Unchanged
Predicted Opening Price for The Mint Corporation of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $0.0243 ( 10.61%) | $0.0220 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MITJF
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0313 | 42.42 % | |
| R2 | 0.0287 | 30.27 % | ||
| R1 | 0.0270 | 22.76 % | ||
| Current price: | 0.0220 | |||
| Support | S1 | 0.0217 | -1.55 % | |
| S2 | 0.0200 | -9.06 % | ||
| S3 | 0.0173 | -21.21 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0270 | 22.73 % | |
| R2 | 0.0250 | 13.64 % | ||
| R1 | 0.0221 | 0.455 % | ||
| Current price | 0.0220 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
FAQ
Click here for our free guide on how to buy The Mint Corporation Stock.
