Strategic Metals Ltd. Stock Forecast
Red day on Tuesday for Strategic Metals Ltd.
(Updated on Jun 25, 2024)
No changes to the price of Strategic Metals Ltd. stock on the last trading day (Tuesday, 25th Jun 2024). During the last trading day the stock fluctuated 0% from a day low at $0.130 to a day high of $0.130. The price has been going up and down for this period, and there has been a -0.84% loss for the last 2 weeks.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -8.07% during the next 3 months and, with a 90% probability hold a price between $0.112 and $0.139 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
SMDZF Signals & Forecast
There are mixed signals in the stock today. The Strategic Metals Ltd. 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 $0.133 and $0.137. A break-up above any of these levels will issue buy signals. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued. A buy signal was issued from a pivot bottom point on Monday, June 24, 2024, and so far it has fallen 0%. 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).
Support, Risk & Stop-loss for Strategic Metals Ltd. stock
Strategic Metals Ltd. finds support from accumulated volume at $0.130 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 1.29%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SMDZF) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Strategic Metals Ltd. to open at $0.130, and during the day (based on 14 day Average True Range), to move between $0.126 and $0.134, which gives a possible trading interval of +/-$0.0040 (+/-3.05%) up or down from last closing price. If Strategic Metals Ltd. takes out the full calculated possible swing range there will be an estimated 6.10% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.130 (0.38%) than the resistance at $0.131 (0.54%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Strategic Metals Ltd. stock A Buy?
Strategic Metals Ltd. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -2.453 Sell Candidate Unchanged
Predicted Opening Price for Strategic Metals Ltd. of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $0.130 ( 0%) | $0.130 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SMDZF
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.130 | - |
| R2 | 0.130 | - |
| R1 | 0.130 | - |
| Price | 0.130 | |
| S1 | 0.130 | - |
| S2 | 0.130 | - |
| S3 | 0.130 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.154 | 18.46% |
| R2 | 0.140 | 7.69% |
| R1 | 0.131 | 0.538% |
| Price | 0.130 | |
| S1 | 0.130 | -0.385% |
| S2 | 0 | - |
| S3 | 0 | - |
FAQ
Click here for our free guide on how to buy Strategic Metals Ltd. Stock.
