Reunion Gold Corporation Stock Forecast

Reunion Gold Corporation stock price ended at $0.680 on Friday, after losing 0%.
(Updated on Jun 28, 2024)

RGD.V Signals & Forecast

The Reunion Gold Corporation 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 $0.679 and $0.646. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). The volume rose on the last day while price remained unchanged. This may be an early warning and the stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, June 26, 2024, and so far it has fallen -1.45%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for Reunion Gold Corporation stock

On the downside, the stock finds support just below today's level from accumulated volume at $0.630 and $0.620. 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, Reunion Gold Corporation finds support just below today's level at $0.630. If this is broken, then the next support from accumulated volume will be at $0.620 and $0.600.

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 $0.0200 between high and low, or 2.94%. For the last week, the stock has had daily average volatility of 3.58%.

Our recommended stop-loss: $0.654 (-3.85%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 12 days ago.)

Trading Expectations (RGD.V) For The Upcoming Trading Day Of Tuesday 2nd

For the upcoming trading day on Tuesday, 2nd we expect Reunion Gold Corporation to open at $0.687, and during the day (based on 14 day Average True Range), to move between $0.652 and $0.708, which gives a possible trading interval of +/-$0.0276 (+/-4.06%) up or down from last closing price. If Reunion Gold Corporation takes out the full calculated possible swing range there will be an estimated 8.13% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.690 (1.47%) than the support at $0.630 (7.35%), 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 Reunion Gold Corporation 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 Reunion Gold Corporation stock to perform well in the short-term.

Current score: 2.617 Buy Candidate Unchanged

Predicted Opening Price for Reunion Gold Corporation of Tuesday, July 2, 2024

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