Touchstone Exploration Inc. Stock Forecast

Red day on Thursday for Touchstone Exploration Inc.
(Updated on May 02, 2024)

PBEGF Signals & Forecast

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. The Touchstone Exploration 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 $0.518 and $0.588. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, March 08, 2024, and so far it has fallen -28.39%. Further fall is indicated until a new bottom pivot has been found. Touchstone Exploration Inc. gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Touchstone Exploration Inc. stock

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.0126 between high and low, or 2.59%. For the last week, the stock has had daily average volatility of 2.28%.

Touchstone Exploration Inc. is oversold on RSI14 (14). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (PBEGF) For The Upcoming Trading Day Of Friday 3rd

For the upcoming trading day on Friday, 3rd we expect Touchstone Exploration Inc. to open at $0.493, and during the day (based on 14 day Average True Range), to move between $0.472 and $0.508, which gives a possible trading interval of +/-$0.0180 (+/-3.68%) up or down from last closing price. If Touchstone Exploration Inc. takes out the full calculated possible swing range there will be an estimated 7.36% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ $0.510, some $0.0198 (4.04%) from the current price of $0.490, our system finds the risk reward not very attractive.

Is Touchstone Exploration Inc. stock A Buy?

Touchstone Exploration Inc. holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

Current score: -5.926 Strong Sell Candidate Unchanged

Predicted Opening Price for Touchstone Exploration Inc. of Friday, May 3, 2024

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