Precipitate Gold Corp. Stock Forecast
Precipitate Gold Corp. stock downgraded to Sell Candidate
(Updated on May 17, 2024)
The Precipitate Gold Corp. stock price fell by -1.30% on the last day (Friday, 17th May 2024) from $0.0423 to $0.0418. During the last trading day the stock fluctuated 5.15% from a day low at $0.0418 to a day high of $0.0439. The price has fallen in 5 of the last 10 days and is down by -4.79% 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 -10 thousand shares and in total, 10 thousand shares were bought and sold for approximately $417.50 .
The stock is at the lower part of a very wide and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $0.0411 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Precipitate Gold Corp. stock with a 90% probability to be traded between $0.0403 and $0.0553 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
PREIF Signals & Forecast
There are mixed signals in the stock today. The Precipitate Gold Corp. 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 $0.0433 and $0.0476. 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 Wednesday, May 15, 2024, and so far it has risen 1.52%. 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 Precipitate Gold Corp. stock
Precipitate Gold Corp. finds support from accumulated volume at $0.0411 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 $0.0022 between high and low, or 5.15%. For the last week the stock has had daily average volatility of 2.06%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (PREIF) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Precipitate Gold Corp. to open at $0.0425, and during the day (based on 14 day Average True Range), to move between $0.0395 and $0.0440, which gives a possible trading interval of +/-$0.0022 (+/-5.34%) up or down from last closing price. If Precipitate Gold Corp. takes out the full calculated possible swing range there will be an estimated 10.67% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0411 (1.50%) than the resistance at $0.0455 (8.98%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Precipitate Gold Corp. stock A Buy?
Precipitate Gold Corp. 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.598 Sell Candidate Downgraded
Predicted Opening Price for Precipitate Gold Corp. of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| $0.0425 ( 1.72%) | $0.0418 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PREIF
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0446 | 6.87 % | |
| R2 | 0.0438 | 4.90 % | ||
| R1 | 0.0433 | 3.68 % | ||
| Current price: | 0.0418 | |||
| Support | S1 | 0.0416 | -0.251 % | |
| S2 | 0.0411 | -1.47 % | ||
| S3 | 0.0403 | -3.43 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0500 | 19.64 % | |
| R2 | 0.0480 | 14.97 % | ||
| R1 | 0.0455 | 8.98 % | ||
| Current price | 0.0418 | |||
| Support | S1 | 0.0411 | -1.50% | |
| S2 | 0.0402 | -3.71% | ||
| S3 | 0 | . |
FAQ
Click here for our free guide on how to buy Precipitate Gold Corp. Stock.
