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AI Analysis of ROS.V
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Is Roscan Gold Corporation stock still a buy after falling -5.00% on Friday?
(Updated on Jun 14, 2024)

Buy or Hold candidate since Jun 06, 2024 Loss -5.00% PDF

The Roscan Gold Corporation stock price fell by -5.00% on the last day (Friday, 14th Jun 2024) from $0.100 to $0.0950. During the last trading day the stock fluctuated 5.26% from a day low at $0.0950 to a day high of $0.100. The price has risen in 6 of the last 10 days and is up by 11.76% over the past 2 weeks. Volume has increased on the last day by 130 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 369 thousand shares were bought and sold for approximately $35.02 thousand.

The stock lies in the middle of a very wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 7.35% during the next 3 months and, with a 90% probability hold a price between $0.0738 and $0.115 at the end of this 3-month period.

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ROS.V Signals & Forecast

A sell signal was issued from a pivot top point on Thursday, June 13, 2024, and so far it has fallen -5.00%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Roscan Gold Corporation 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. Some positive signals were issued as well, and these may have some influence on the near short-term development. The Roscan Gold Corporation stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $0.0957. On a fall, the stock will find some support from the long-term average at approximately $0.0856. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal.

Sell
Special Signal Notification

Double Top Formation

Double Top Formation A sell signal from a double top formation was found on Thursday, June 13, 2024 and based on theory for this formation the price should fall by -10.53% to $0.0850 within 12 trading days since signal was issued (Monday, June 17, 2024).

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

On the downside, the stock finds support just below today's level from accumulated volume at $0.0900 and $0.0800. 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, Roscan Gold Corporation finds support just below today's level at $0.0900. If this is broken, then the next support from accumulated volume will be at $0.0800 and $0.0750.

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 $0.0050 between high and low, or 5.26%. For the last week, the stock has had daily average volatility of 7.72%.

Our recommended stop-loss: $0.0906 (-4.64%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 3 days ago.)

Trading Expectations (ROS.V) For The Upcoming Trading Day Of Monday 17th

For the upcoming trading day on Monday, 17th we expect Roscan Gold Corporation to open at $0.0967, and during the day (based on 14 day Average True Range), to move between $0.0863 and $0.104, which gives a possible trading interval of +/-$0.0087 (+/-9.20%) up or down from last closing price. If Roscan Gold Corporation takes out the full calculated possible swing range there will be an estimated 18.40% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.100 (5.26%) than the support at $0.0900 (5.26%), 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 Roscan Gold Corporation stock A Buy?

Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 1.405 Buy Candidate Upgraded

Predicted Opening Price for Roscan Gold Corporation of Monday, June 17, 2024

Fair opening price June 17, 2024 Current price
$0.0967 ( 1.75%) $0.0950

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

Trading levels for ROS.V

Fibonacci Support & Resistance Levels

Level Price
R3 0.102 7.02%
R2 0.0998 5.01%
R1 0.0986 3.76%
Price 0.0950
S1 0.0948 -0.256%
S2 0.0936 -1.50%
S3 0.0917 -3.51%

Accumulated Volume Support & Resistance Levels

Level Price
R3 0 -
R2 0 -
R1 0.100 5.26%
Price 0.0950
S1 0.0900 -5.26%
S2 0.0800 -15.79%
S3 0.0750 -21.05%

FAQ

What is the symbol for Roscan Gold Corporation Stock and on which exchange is it traded?
The symbol for Roscan Gold Corporation is ROS.V and it is traded on the TSXV (Toronto Stock Exchange Ventures).

Should I buy or sell Roscan Gold Corporation Stock?
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

How to buy Roscan Gold Corporation Stock?
Roscan Gold Corporation Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Roscan Gold Corporation Stock.

What's the current price of Roscan Gold Corporation Stock?
As of the end of day on the Jun 14, 2024, the price of an Roscan Gold Corporation (ROS.V) share was $0.0950.

What is the 52-week high and low for Roscan Gold Corporation Stock?
The 52-week high for Roscan Gold Corporation Stock is $0.170 and the 52-week low is $0.0600.

What is the market capitalization of Roscan Gold Corporation Stock?
As of the Jun 14, 2024, the market capitalization of Roscan Gold Corporation is 37.349M.

When is the next earnings date for Roscan Gold Corporation?
The upcoming earnings date for Roscan Gold Corporation is Jun 28, 2024.
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