Metalla Royalty & Streaming Ltd. 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
Evaluation of Metalla Royalty & Streaming Ltd. stock downgraded after the last trading session.
(Updated on Apr 29, 2024)
The Metalla Royalty & Streaming Ltd. stock price fell by -1.26% on the last day (Monday, 29th Apr 2024) from $3.18 to $3.14. During the last trading day the stock fluctuated 2.73% from a day low at $3.12 to a day high of $3.20. The price has been going up and down for this period, and there has been a -1.57% loss for the last 2 weeks. 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 -141 thousand shares and in total, 234 thousand shares were bought and sold for approximately $735.42 thousand.
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 25.20% during the next 3 months and, with a 90% probability hold a price between $3.66 and $4.59 at the end of this 3-month period.
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MTA Signals & Forecast
The Metalla Royalty & Streaming Ltd. 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 $3.09 and $3.13. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, April 22, 2024, and so far it has risen 4.67%. 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 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.
Support, Risk & Stop-loss for Metalla Royalty & Streaming Ltd. stock
Metalla Royalty & Streaming Ltd. finds support from accumulated volume at $3.07 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 $0.0850 between high and low, or 2.73%. For the last week the stock has had daily average volatility of 4.62%.
Our recommended stop-loss: $2.99 (-4.84%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 5 days ago.)
Trading Expectations (MTA) For The Upcoming Trading Day Of Tuesday 30th
For the upcoming trading day on Tuesday, 30th we expect Metalla Royalty & Streaming Ltd. to open at $3.15, and during the day (based on 14 day Average True Range), to move between $2.98 and $3.30, which gives a possible trading interval of +/-$0.158 (+/-5.02%) up or down from last closing price. If Metalla Royalty & Streaming Ltd. takes out the full calculated possible swing range there will be an estimated 10.04% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $3.15 (0.32%) than the support at $3.07 (2.23%), 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 Metalla Royalty & Streaming Ltd. stock A Buy?
Metalla Royalty & Streaming Ltd. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: -0.582 Hold/Accumulate Downgraded
Predicted Opening Price for Metalla Royalty & Streaming Ltd. of Tuesday, April 30, 2024
| Fair opening price April 30, 2024 | Current price |
|---|---|
| $3.15 ( 0.372%) | $3.14 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MTA
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.24 | 3.08 % | |
| R2 | 3.20 | 2.04 % | ||
| R1 | 3.18 | 1.41 % | ||
| Current price: | 3.14 | |||
| Support | S1 | 3.12 | -0.663 % | |
| S2 | 3.10 | -1.30 % | ||
| S3 | 3.07 | -2.34 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.23 | 2.87 % | |
| R2 | 3.21 | 2.23 % | ||
| R1 | 3.15 | 0.318 % | ||
| Current price | 3.14 | |||
| Support | S1 | 3.07 | -2.23% | |
| S2 | 3.05 | -2.87% | ||
| S3 | 2.74 | -12.74% |
MTA Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 31, 2023 | Jul 31, 2023 | Sep 15, 2023 | $0.0230 | 0.678% |
| 2 | Feb 20, 2020 | Apr 30, 2020 | May 15, 2020 | $0.0030 | 0.0577% |
| 3 | Feb 20, 2020 | Feb 28, 2020 | Mar 16, 2020 | $0.0030 | 0.0761% |
| 4 | Nov 26, 2019 | Jan 31, 2020 | Feb 17, 2020 | $0.0030 | 0.0498% |
| 5 | Dec 31, 2019 | Dec 31, 2019 | Dec 31, 2019 | $0.0030 | 0.0556% |
FAQ
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