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RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
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Volatile ride for Sheffield Resources Limited stock price on Friday moving between $0.285 and $0.325
(Updated on Jun 14, 2024)

Sell candidate since May 28, 2024 Loss -42.42% PDF

The Sheffield Resources Limited stock price fell by -10.94% on the last day (Friday, 14th Jun 2024) from $0.320 to $0.285. It has now fallen 4 days in a row. During the last trading day the stock fluctuated 14.04% from a day low at $0.285 to a day high of $0.325. The price has fallen in 8 of the last 10 days and is down by -28.75% for this period. Volume has increased on the last day by 258 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, 588 thousand shares were bought and sold for approximately $167.47 thousand.

The stock has broken the very wide and falling short-term trend down. Firstly a stronger fallrate is indicated, but false breaks and "sell-off" may occur. However, a further fall is realistic and any reactions back to the breaking point ($0.300) are considered to be a "second chance" to get out. According to the fan-theory $0.150 will represent the new bottom line of the next trend, but it is far too early to say this for certain.

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SFX.AX Signals & Forecast

There are few to no technical positive signals at the moment. The Sheffield Resources Limited 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 $0.328 and $0.442. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, June 04, 2024, and so far it has fallen -20.83%. 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). Sheffield Resources Limited 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".

Support, Risk & Stop-loss for Sheffield Resources Limited stock

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.0400 between high and low, or 14.04%. For the last week, the stock has had daily average volatility of 7.40%.

Sheffield Resources Limited is oversold on RSI14 (17). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (SFX.AX) For The Upcoming Trading Day Of Monday 17th

For the upcoming trading day on Monday, 17th we expect Sheffield Resources Limited to open at $0.298, and during the day (based on 14 day Average True Range), to move between $0.259 and $0.311, which gives a possible trading interval of +/-$0.0261 (+/-9.14%) up or down from last closing price. If Sheffield Resources Limited takes out the full calculated possible swing range there will be an estimated 18.28% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ $0.320, some $0.0350 (12.28%) from the current price of $0.285, our system finds the risk reward not very attractive.

Is Sheffield Resources Limited stock A Buy?

Sheffield Resources Limited holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

Current score: -6.938 Strong Sell Candidate Unchanged

Predicted Opening Price for Sheffield Resources Limited of Monday, June 17, 2024

Fair opening price June 17, 2024 Current price
$0.298 ( 4.68%) $0.285

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

Trading levels for SFX.AX

Fibonacci Support & Resistance Levels

Level Price
R3 0.338 18.71%
R2 0.323 13.35%
R1 0.314 10.04%
Price 0.285
S1 0.283 -0.683%
S2 0.274 -4.00%
S3 0.258 -9.36%

Accumulated Volume Support & Resistance Levels

Level Price
R3 0.340 19.30%
R2 0.330 15.79%
R1 0.320 12.28%
Price 0.285
S1 0 -
S2 0 -
S3 0 -

FAQ

What is the symbol for Sheffield Resources Limited Stock and on which exchange is it traded?
The symbol for Sheffield Resources Limited is SFX.AX and it is traded on the ASX (Australian Securities Exchange).

Should I buy or sell Sheffield Resources Limited Stock?
Sheffield Resources Limited holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

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

What's the current price of Sheffield Resources Limited Stock?
As of the end of day on the Jun 14, 2024, the price of an Sheffield Resources Limited (SFX.AX) share was $0.285.

What is the 52-week high and low for Sheffield Resources Limited Stock?
The 52-week high for Sheffield Resources Limited Stock is $0.700 and the 52-week low is $0.285.

What is the market capitalization of Sheffield Resources Limited Stock?
As of the Jun 14, 2024, the market capitalization of Sheffield Resources Limited is 112.053M.

When is the next earnings date for Sheffield Resources Limited?
The upcoming earnings date for Sheffield Resources Limited is Jul 17, 2024.
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About Sheffield Resources Limited

Sheffield Resources Limited Sheffield Resources Limited explores for and develops mineral properties. The company explores for zircon, rutile, ilmenite, leucoxene, and titanium minerals. Its flagship project is the Thunderbird mineral sands property located in the Canning Basin in northern Western Australia. Sheffield Resources Limited was incorporated in 2007 and is based in West Perth, Australia.... SFX.AX Profile

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