Rimrock Gold Corp. Stock Forecast

Red day on Tuesday for Rimrock Gold Corp. stock after losing 0%
(Updated on Jun 25, 2024)

RMRK Signals & Forecast

The Rimrock Gold Corp. 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 $0.0005 and $0.0004. 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). 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 Monday, June 24, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.

Sell

Special Signal Notification

Double Top Formation

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 $0.0005 and $0.0004. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $0.0004 may give a huge drop in the stock price.

In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock 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: $0.0005 (-4.00%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 2 days ago.)

Trading Expectations (RMRK) For The Upcoming Trading Day Of Wednesday 26th

For the upcoming trading day on Wednesday, 26th we expect Rimrock Gold Corp. to open at $0.0005, and during the day (based on 14 day Average True Range), to move between $0.0005 and $0.0005, which gives a possible trading interval of +/-$0.00003073 (+/-6.15%) up or down from last closing price. If Rimrock Gold Corp. takes out the full calculated possible swing range there will be an estimated 12.29% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $0.0005, some $0.00005 (10.00%) from the current price of $0.0005, our system finds the risk reward attractive.

Is Rimrock Gold Corp. stock A Buy?

Rimrock Gold Corp. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: 0.000 Hold/Accumulate Unchanged

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for Rimrock Gold Corp. of Wednesday, June 26, 2024

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