Sandstorm Gold Ltd Stock Forecast
Sandstorm Gold Ltd stock upgraded from Buy Candidate to Strong Buy Candidate after Thursday trading session.
(Updated on Mar 28, 2024)
The Sandstorm Gold Ltd stock price gained 2.14% on the last trading day (Thursday, 28th Mar 2024), rising from $5.14 to $5.25. During the last trading day the stock fluctuated 2.72% from a day low at $5.14 to a day high of $5.28. The price has been going up and down for this period, and there has been a 7.36% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 1 million more shares were traded than the day before. In total, 2 million shares were bought and sold for approximately $12.08 million.
Given the current horizontal trend, you can expect Sandstorm Gold Ltd stock with a 90% probability to be traded between $4.00 and $5.27 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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SAND Signals & Forecast
The Sandstorm Gold Ltd 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 $5.05 and $4.55. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, February 14, 2024, and so far it has risen 31.91%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Sandstorm Gold Ltd stock
Sandstorm Gold Ltd finds support from accumulated volume at $5.03 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 $0.140 between high and low, or 2.72%. For the last week, the stock has had daily average volatility of 2.82%.
Our recommended stop-loss: $5.06 (-3.54%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 30 days ago.)
Trading Expectations (SAND) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Sandstorm Gold Ltd to open at $5.22, and during the day (based on 14 day Average True Range), to move between $5.09 and $5.41, which gives a possible trading interval of +/-$0.163 (+/-3.11%) up or down from last closing price. If Sandstorm Gold Ltd takes out the full calculated possible swing range there will be an estimated 6.23% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $5.03, some $0.220 (4.19%) from the current price of $5.25, our system finds the risk reward attractive.
Is Sandstorm Gold Ltd stock A Buy?
Sandstorm Gold Ltd holds several positive signals and is considered to be a good choice at current levels. We expect the Sandstorm Gold Ltd stock to perform great in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 6.727 Strong Buy Candidate Upgraded
Predicted Opening Price for Sandstorm Gold Ltd of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$5.22 ( 0.507%) | $5.25 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SAND
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 5.36 | 2.16 % | |
R2 | 5.31 | 1.14 % | ||
R1 | 5.28 | 0.511 % | ||
Current price: | 5.25 | |||
Support | S1 | 5.17 | -1.53 % | |
S2 | 5.14 | -2.15 % | ||
S3 | 5.08 | -3.17 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 0 | . | ||
Current price | 5.25 | |||
Support | S1 | 5.03 | -4.19% | |
S2 | 4.49 | -14.48% | ||
S3 | 4.04 | -23.05% |
SAND Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Dec 20, 2023 | Jan 16, 2024 | Jan 26, 2024 | $0.0149 | 0.319% |
2 | Dec 20, 2023 | Jan 15, 2024 | Jan 26, 2024 | $0.0149 | 0.320% |
3 | Dec 20, 2023 | Jan 12, 2024 | Jan 26, 2024 | $0.0149 | 0.319% |
4 | Sep 28, 2023 | Oct 16, 2023 | Oct 27, 2023 | $0.0150 | 0.318% |
5 | Jun 29, 2023 | Jul 17, 2023 | Jul 28, 2023 | $0.0150 | 0.281% |
FAQ
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