Revival Gold Inc. Stock Forecast
Red day on Wednesday for Revival Gold Inc. stock after losing 0.662%
(Updated on May 08, 2024)
The Revival Gold Inc. stock price fell by -0.662% on the last day (Wednesday, 8th May 2024) from $0.242 to $0.240. During the last trading day the stock fluctuated 9.33% from a day low at $0.225 to a day high of $0.246. The price has fallen in 7 of the last 10 days and is down by -3.11% for this period. Volume has increased on the last day by 107 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, 139 thousand shares were bought and sold for approximately $33.43 thousand.
The stock lies in the lower part of a very wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.233 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 9.55% during the next 3 months and, with a 90% probability hold a price between $0.255 and $0.336 at the end of this 3-month period.
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RVLGF Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 6.24%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Revival Gold Inc. 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 $0.245 and $0.255. A break-up above any of these levels will issue buy signals. Revival Gold Inc. 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.
Support, Risk & Stop-loss for Revival Gold Inc. stock
Revival Gold Inc. finds support from accumulated volume at $0.234 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 and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.0210 between high and low, or 9.33%. For the last week, the stock has had daily average volatility of 4.39%.
Our recommended stop-loss: $0.229 (-4.44%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 16 days ago.)
Trading Expectations (RVLGF) For The Upcoming Trading Day Of Thursday 9th
For the upcoming trading day on Thursday, 9th we expect Revival Gold Inc. to open at $0.237, and during the day (based on 14 day Average True Range), to move between $0.222 and $0.258, which gives a possible trading interval of +/-$0.0178 (+/-7.43%) up or down from last closing price. If Revival Gold Inc. takes out the full calculated possible swing range there will be an estimated 14.85% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.245 (2.04%) than the support at $0.234 (2.50%), 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 Revival Gold Inc. stock A Buy?
Revival Gold Inc. holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.161 Hold/Accumulate Unchanged
Predicted Opening Price for Revival Gold Inc. of Thursday, May 9, 2024
| Fair opening price May 9, 2024 | Current price |
|---|---|
| $0.237 ( 1.25%) | $0.240 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for RVLGF
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.258 | 7.50 % | |
| R2 | 0.250 | 4.16 % | ||
| R1 | 0.245 | 2.09 % | ||
| Current price: | 0.240 | |||
| Support | S1 | 0.229 | -4.59 % | |
| S2 | 0.224 | -6.66 % | ||
| S3 | 0.216 | -10.00 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.250 | 4.17 % | |
| R2 | 0.249 | 3.90 % | ||
| R1 | 0.245 | 2.04 % | ||
| Current price | 0.240 | |||
| Support | S1 | 0.234 | -2.50% | |
| S2 | 0.230 | -4.17% | ||
| S3 | 0.227 | -5.54% |
FAQ
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