Surge Battery Metals Inc. Stock Forecast
Surge Battery Metals Inc. stock price fell more than -5.14% Friday closing at $0.260
(Updated on Jun 28, 2024)
The Surge Battery Metals Inc. stock price fell by -5.14% on the last day (Friday, 28th Jun 2024) from $0.274 to $0.260. During the last trading day the stock fluctuated 4.81% from a day low at $0.260 to a day high of $0.273. The price has risen in 5 of the last 10 days but is still down by -3.7% 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 -3 thousand shares and in total, 22 thousand shares were bought and sold for approximately $5.67 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 $0.248 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -8.97% during the next 3 months and, with a 90% probability hold a price between $0.226 and $0.328 at the end of this 3-month period.
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NILIF Signals & Forecast
There are mixed signals in the stock today. The Surge Battery Metals Inc. 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 $0.267 and $0.295. A break-up above any of these levels will issue buy signals. 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. A buy signal was issued from a pivot bottom point on Tuesday, June 25, 2024, and so far it has risen 4.00%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Surge Battery Metals Inc. stock
Surge Battery Metals Inc. finds support from accumulated volume at $0.260 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 $0.0125 between high and low, or 4.81%. For the last week the stock has had daily average volatility of 4.81%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (NILIF) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Surge Battery Metals Inc. to open at $0.264, and during the day (based on 14 day Average True Range), to move between $0.242 and $0.278, which gives a possible trading interval of +/-$0.0179 (+/-6.89%) up or down from last closing price. If Surge Battery Metals Inc. takes out the full calculated possible swing range there will be an estimated 13.78% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.260 (0.12%) than the resistance at $0.272 (4.50%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Surge Battery Metals Inc. stock A Buy?
Surge Battery Metals 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.
Current score: -2.860 Sell Candidate Unchanged
Predicted Opening Price for Surge Battery Metals Inc. of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $0.264 ( 1.60%) | $0.260 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NILIF
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.277 | 6.41% |
| R2 | 0.272 | 4.57% |
| R1 | 0.269 | 3.44% |
| Price | 0.260 | |
| S1 | 0.259 | -0.234% |
| S2 | 0.256 | -1.37% |
| S3 | 0.252 | -3.21% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.290 | 11.54% |
| R2 | 0.289 | 11.00% |
| R1 | 0.272 | 4.50% |
| Price | 0.260 | |
| S1 | 0.260 | -0.115% |
| S2 | 0.250 | -3.85% |
| S3 | 0 | - |
FAQ
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