Rimrock Gold Corp. Stock Forecast
Red day on Monday for Rimrock Gold Corp.
(Updated on Jun 17, 2024)
No changes to the price of Rimrock Gold Corp. stock on the last trading day (Monday, 17th Jun 2024). During the last trading day the stock fluctuated 0% from a day low at $0.0004 to a day high of $0.0004. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks.
The stock lies in the lower part of a very 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 $0.0004 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 19.83% during the next 3 months and, with a 90% probability hold a price between $0.0004 and $0.0007 at the end of this 3-month period.
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RMRK Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, June 05, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Rimrock 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 $0.0004 and $0.0004. A break-up above any of these levels will issue buy signals.
Support, Risk & Stop-loss for Rimrock Gold Corp. stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.0004. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $ may give a huge drop in the stock price.
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 between high and low, or 0%. For the last week, the stock has had daily average volatility of 0%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (RMRK) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect Rimrock Gold Corp. to open at $0.0004, and during the day (based on 14 day Average True Range), to move between $0.0004 and $0.0004, which gives a possible trading interval of +/-$0.00003595 (+/-8.99%) up or down from last closing price. If Rimrock Gold Corp. takes out the full calculated possible swing range there will be an estimated 17.98% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0005 (12.50%) than the support at $0.0004 (12.50%), 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 Rimrock Gold Corp. stock A Buy?
The Rimrock Gold Corp. stock holds several negative signals and despite the positive trend, we believe Rimrock Gold Corp. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.156 Sell Candidate Unchanged
Predicted Opening Price for Rimrock Gold Corp. of Tuesday, June 18, 2024
Fair opening price June 18, 2024 | Current price |
---|---|
$0.0004 ( 0%) | $0.0004 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for RMRK
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.0004 | - |
R2 | 0.0004 | - |
R1 | 0.0004 | - |
Price | 0.0004 | |
S1 | 0.0004 | - |
S2 | 0.0004 | - |
S3 | 0.0004 | - |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0 | - |
R2 | 0 | - |
R1 | 0.0005 | 12.50% |
Price | 0.0004 | |
S1 | 0.0004 | -12.50% |
S2 | 0 | - |
S3 | 0 | - |
FAQ
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