Sihayo Gold Ltd Stock Forecast

Red day on Tuesday for Sihayo Gold Ltd
(Updated on Jun 18, 2024)

SIH.AX Signals & Forecast

The Sihayo 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 A$0.0020 and A$0.0019. A breakdown below any of these levels will issue sell signals. Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". The very low volume increases the risk and reduces the other technical signals issued. 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 Thursday, May 30, 2024, and so far it has fallen -33.33%. 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).

Support, Risk & Stop-loss for Sihayo Gold Ltd 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 A$0 between high and low, or 0%. For the last week, the stock has had daily average volatility of 10.00%.

Our recommended stop-loss: A$0.0019 (-6.00%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 13 days ago.)

Trading Expectations (SIH.AX) For The Upcoming Trading Day Of Wednesday 19th

For the upcoming trading day on Wednesday, 19th we expect Sihayo Gold Ltd to open at A$0.0020, and during the day (based on 14 day Average True Range), to move between A$0.0017 and A$0.0023, which gives a possible trading interval of +/-A$0.0003 (+/-15.14%) up or down from last closing price. If Sihayo Gold Ltd takes out the full calculated possible swing range there will be an estimated 30.29% move between the lowest and the highest trading price during the day.

Is Sihayo Gold Ltd stock A Buy?

Sihayo Gold Ltd 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: 0.803 Hold/Accumulate Unchanged

Predicted Opening Price for Sihayo Gold Ltd of Wednesday, June 19, 2024

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