Aura Minerals Inc Stock Forecast
Green day on Thursday for Aura Minerals Inc
(Updated on Jun 27, 2024)
The Aura Minerals Inc stock price gained 2.83% on the last trading day (Thursday, 27th Jun 2024), rising from $11.67 to $12.00. During the last trading day the stock fluctuated 0.251% from a day low at $11.97 to a day high of $12.00. The price has fallen in 6 of the last 10 days and is down by -5.96% for this period. Volume fell on the last day by -2 thousand shares and in total, 6 thousand shares were bought and sold for approximately $76.82 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 lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $11.71 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 23.21% during the next 3 months and, with a 90% probability hold a price between $14.43 and $16.54 at the end of this 3-month period.
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ORA.TO Signals & Forecast
There are few to no technical positive signals at the moment. The Aura Minerals Inc stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $12.32 and $12.27. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, June 19, 2024, and so far it has fallen -8.95%. 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 stock had a Golden Star Signal on Tuesday, November 21, 2023 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Tuesday, November 21, 2023 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Aura Minerals Inc stock
On the downside, the stock finds support just below today's level from accumulated volume at $10.95 and $10.72. 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, Aura Minerals Inc finds support just below today's level at $10.95. If this is broken, then the next support from accumulated volume will be at $10.72 and $10.45.
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 $0.0300 between high and low, or 0.251%. For the last week the stock has had daily average volatility of 2.85%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ORA.TO) For The Upcoming Trading Day Of Friday 28th
For the upcoming trading day on Friday, 28th we expect Aura Minerals Inc to open at $11.99, and during the day (based on 14 day Average True Range), to move between $11.48 and $12.52, which gives a possible trading interval of +/-$0.521 (+/-4.34%) up or down from last closing price. If Aura Minerals Inc takes out the full calculated possible swing range there will be an estimated 8.68% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $12.18 (1.50%) than the support at $10.95 (8.75%), 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 Aura Minerals Inc stock A Buy?
The Aura Minerals Inc stock holds several negative signals and despite the positive trend, we believe Aura Minerals Inc will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -3.182 Sell Candidate Unchanged
Predicted Opening Price for Aura Minerals Inc of Friday, June 28, 2024
| Fair opening price June 28, 2024 | Current price |
|---|---|
| $11.99 ( 0.0833%) | $12.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ORA.TO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 12.02 | 0.167% |
| R2 | 12.01 | 0.0712% |
| R1 | 12.00 | 0.0122% |
| Price | 12.00 | |
| S1 | 11.98 | -0.179% |
| S2 | 11.97 | -0.238% |
| S3 | 11.96 | -0.333% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 13.00 | 8.33% |
| R2 | 12.70 | 5.83% |
| R1 | 12.18 | 1.50% |
| Price | 12.00 | |
| S1 | 10.95 | -8.75% |
| S2 | 10.72 | -10.67% |
| S3 | 10.45 | -12.92% |
ORA Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 20, 2024 | Jun 20, 2024 | Jun 28, 2024 | $0.480 | 4.00% |
| 2 | Dec 18, 2023 | Dec 18, 2023 | Dec 31, 2023 | $0.250 | 2.71% |
| 3 | Nov 29, 2023 | Dec 08, 2023 | Dec 19, 2023 | $0.347 | 3.67% |
| 4 | Jun 09, 2023 | Jun 20, 2023 | Jun 28, 2023 | $0.185 | 2.05% |
| 5 | Dec 22, 2022 | Dec 22, 2022 | Dec 30, 2022 | $0.190 | 2.40% |
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