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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.
AI Analysis of SNNAF
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Sienna Resources Inc. stock upgraded from Strong Sell Candidate to Sell Candidate after Friday trading session.
(Updated on Jun 14, 2024)

Sell candidate since Jun 13, 2024 PDF

No changes to the price of Sienna Resources Inc. stock on the last trading day (Friday, 14th Jun 2024). During the last trading day the stock fluctuated 0% from a day low at $0.0182 to a day high of $0.0182. The price has been going up and down for this period, and there has been a -18.39% loss for the last 2 weeks.

The stock lies in the middle of a very 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 -23.58% during the next 3 months and, with a 90% probability hold a price between $0.0122 and $0.0189 at the end of this 3-month period.

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SNNAF Signals & Forecast

A buy signal was issued from a pivot bottom point on Thursday, June 13, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Sienna Resources 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 $0.0183 and $0.0208. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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.

Support, Risk & Stop-loss for Sienna Resources Inc. 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.

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 0%

Sienna Resources Inc. is oversold on RSI14 (3). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.

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

Trading Expectations (SNNAF) For The Upcoming Trading Day Of Monday 17th

For the upcoming trading day on Monday, 17th we expect Sienna Resources Inc. to open at $0.0182, and during the day (based on 14 day Average True Range), to move between $0.0171 and $0.0193, which gives a possible trading interval of +/-$0.0011 (+/-6.18%) up or down from last closing price. If Sienna Resources Inc. takes out the full calculated possible swing range there will be an estimated 12.36% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ $0.0207, some $0.0025 (13.55%) from the current price of $0.0182, our system finds the risk reward not very attractive.

Is Sienna Resources Inc. stock A Buy?

Sienna Resources Inc. 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.

Current score: -2.408 Sell Candidate Upgraded

Predicted Opening Price for Sienna Resources Inc. of Monday, June 17, 2024

Fair opening price June 17, 2024 Current price
$0.0182 ( 0%) $0.0182

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

Trading levels for SNNAF

Fibonacci Support & Resistance Levels

Level Price
R3 0.0182 -
R2 0.0182 -
R1 0.0182 -
Price 0.0182
S1 0.0182 -
S2 0.0182 -
S3 0.0182 -

Accumulated Volume Support & Resistance Levels

Level Price
R3 0.0215 18.13%
R2 0.0214 17.58%
R1 0.0207 13.55%
Price 0.0182
S1 0 -
S2 0 -
S3 0 -

FAQ

What is the symbol for Sienna Resources Inc. Stock and on which exchange is it traded?
The symbol for Sienna Resources Inc. is SNNAF and it is traded on the PINK (Pink Sheets).

Should I buy or sell Sienna Resources Inc. Stock?
Sienna Resources Inc. 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.

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

What's the current price of Sienna Resources Inc. Stock?
As of the end of day on the Jun 14, 2024, the price of an Sienna Resources Inc. (SNNAF) share was $0.0182.

What is the 52-week high and low for Sienna Resources Inc. Stock?
The 52-week high for Sienna Resources Inc. Stock is $0.0719 and the 52-week low is $0.0169.

What is the market capitalization of Sienna Resources Inc. Stock?
As of the Jun 14, 2024, the market capitalization of Sienna Resources Inc. is 3.556M.

When is the next earnings date for Sienna Resources Inc.?
The upcoming earnings date for Sienna Resources Inc. is Aug 14, 2024.
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About Sienna Resources Inc.

Sienna Resources. Sienna Resources Inc. engages in the identification, acquisition, and exploration of mineral properties in Canada, Sweden, Finland, Norway, and the United States. The company primarily explores for platinum, palladium, nickel, copper, cobalt, and lithium deposits. It holds interests in the Slättberg project located in southern Sweden. The company also holds interests in Kuusamo PGE-Ni-Cu-Co project, Finland; Clayton Valley Deep Basin Lithium Bri... SNNAF Profile

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