New Talisman Gold Mines Limited Stock Forecast
New Talisman Gold Mines Limited stock upgraded from Hold/Accumulate to Buy Candidate after Friday trading session.
(Updated on May 03, 2024)
The New Talisman Gold Mines Limited stock price gained 4.76% on the last trading day (Friday, 3rd May 2024), rising from $0.0210 to $0.0220. During the last trading day the stock fluctuated 0% from a day low at $0.0220 to a day high of $0.0220. The price has been going up and down for this period, and there has been a 10% gain for the last 2 weeks. Volume fell on the last day by -402 thousand shares and in total, 8 thousand shares were bought and sold for approximately $178.68 . 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 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 11.32% during the next 3 months and, with a 90% probability hold a price between $0.0223 and $0.0259 at the end of this 3-month period.
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NTL.NZ Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Tuesday, April 23, 2024, and so far it has fallen -4.35%. 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 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. The New Talisman Gold Mines Limited 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 $0.0216 and $0.0206. A breakdown below any of these levels will issue sell signals.
Support, Risk & Stop-loss for New Talisman Gold Mines Limited stock
New Talisman Gold Mines Limited finds support from accumulated volume at $0.0210 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 between high and low, or 0%. For the last week the stock has had daily average volatility of 2.86%.
Our recommended stop-loss: $0.0210 (-4.47%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 7 days ago.)
Trading Expectations (NTL.NZ) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect New Talisman Gold Mines Limited to open at $0.0220, and during the day (based on 14 day Average True Range), to move between $0.0211 and $0.0229, which gives a possible trading interval of +/-$0.0009 (+/-3.98%) up or down from last closing price. If New Talisman Gold Mines Limited takes out the full calculated possible swing range there will be an estimated 7.97% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0210 (4.55%) than the resistance at $0.0230 (4.55%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is New Talisman Gold Mines Limited stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for New Talisman Gold Mines Limited stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 2.429 Buy Candidate Upgraded
Predicted Opening Price for New Talisman Gold Mines Limited of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $0.0220 ( 0.00000000%) | $0.0220 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NTL.NZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0220 | 0.00000000 % | |
| R2 | 0.0220 | 0.00000000 % | ||
| R1 | 0.0220 | 0.00000000 % | ||
| Current price: | 0.0220 | |||
| Support | S1 | 0.0220 | 0.00000000 % | |
| S2 | 0.0220 | 0.00000000 % | ||
| S3 | 0.0220 | 0.00000000 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0.0230 | 4.55 % | ||
| Current price | 0.0220 | |||
| Support | S1 | 0.0210 | -4.55% | |
| S2 | 0.0200 | -9.09% | ||
| S3 | 0.0190 | -13.64% |
FAQ
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