RSI low/high Values: [ 25 - 80 ]
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AI Analysis of NKOSF
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Labrador Gold Corp. stock upgraded to Strong Buy Candidate.
(Updated on Mar 28, 2024)

Buy or Hold candidate since Mar 14, 2024 Loss -8.33% PDF

The Labrador Gold Corp. stock price gained 0.587% on the last trading day (Thursday, 28th Mar 2024), rising from $0.129 to $0.129. During the last trading day the stock fluctuated 5.60% from a day low at $0.125 to a day high of $0.132. The price has been going up and down for this period, and there has been a -8.33% loss for the last 2 weeks. Volume fell on the last day by -4 thousand shares and in total, 51 thousand shares were bought and sold for approximately $6.61 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

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 15.42% during the next 3 months and, with a 90% probability hold a price between $0.112 and $0.177 at the end of this 3-month period.

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NKOSF Signals & Forecast

The Labrador Gold Corp. 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 $0.128 and $0.111. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, March 26, 2024, and so far it has risen 4.57%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Labrador Gold Corp. stock

On the downside, the stock finds support just below today's level from accumulated volume at $0.102 and $0.100. 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, Labrador Gold Corp. finds support just below today's level at $0.102. If this is broken, then the next support from accumulated volume will be at $0.100 and $0.0980.

This stock may move very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved $0.0070 between high and low, or 5.60%. For the last week the stock has had daily average volatility of 4.61%.

Our recommended stop-loss: $0.125 (-3.57%) (This stock has very high daily movements and this gives very high risk. There is a buy signal from a pivot bottom found 2 days ago.)

Trading Expectations (NKOSF) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Labrador Gold Corp. to open at $0.129, and during the day (based on 14 day Average True Range), to move between $0.119 and $0.139, which gives a possible trading interval of +/-$0.0100 (+/-7.76%) up or down from last closing price. If Labrador Gold Corp. takes out the full calculated possible swing range there will be an estimated 15.51% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.130 (0.58%) than the support at $0.102 (21.09%), 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 Labrador Gold Corp. stock A Buy?

Labrador Gold Corp. holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.

Current score: 5.935 Strong Buy Candidate Upgraded

Predicted Opening Price for Labrador Gold Corp. of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$0.129 ( 0.389%) $0.129

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

Trading levels for NKOSF

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 0.136 5.03 %
R2 0.133 2.96 %
R1 0.131 1.68 %
Current price: 0.129
Support S1 0.126 -2.46 %
S2 0.124 -3.74 %
S3 0.122 -5.80 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0.150 16.05 %
R2 0.141 9.09 %
R1 0.130 0.577 %
Current price 0.129
Support S1 0.102 -21.09%
S2 0.100 -22.63%
S3 0.0980 -24.18%

FAQ

What is the symbol for Labrador Gold Corp. Stock and on which exchange is it traded?
The symbol for Labrador Gold Corp. is NKOSF and it is traded on the OTCMKTS (OTC Markets Group).

Should I buy or sell Labrador Gold Corp. Stock?
Labrador Gold Corp. holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.

How to buy Labrador Gold Corp. Stock?
Labrador Gold Corp. Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Labrador Gold Corp. Stock.

What's the current price of Labrador Gold Corp. Stock?
As of the end of day on the 2024-03-28, the price of an Labrador Gold Corp. (NKOSF) share was $0.129.

What is the 52-week high and low for Labrador Gold Corp. Stock?
The 52-week high for Labrador Gold Corp. Stock is $0.190 and the 52-week low is $0.0830.

What is the market capitalization of Labrador Gold Corp. Stock?
As of the 2024-03-28, the market capitalization of Labrador Gold Corp. is 21.974M.
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About Labrador Gold Corp.

Labrador Gold . Labrador Gold Corp. engages in the acquisition, exploration, and development of gold properties in the Americas. The company owns a 100% interest in the Borden Lake property that covers an area of 1,598-hectares located in Chapleau, Ontario. It has an option to acquire 100% interest in the Ashuanipi property consisting of 1,564 Claims in 10 claim blocks covering an area of approximately 391 square kilometers located in Labrador, Quebec; the Kings... NKOSF Profile

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