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RSI low/high Values: [ 20 - 80 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of SOMA.V
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Soma Gold Corp. stock upgraded to Hold/Accumulate.
(Updated on Jun 25, 2024)

Hold candidate since Jun 25, 2024 PDF

No changes to the price of Soma Gold Corp. stock on the last trading day (Tuesday, 25th Jun 2024). During the last trading day the stock fluctuated 0% from a day low at $0.530 to a day high of $0.530. The price has been going up and down for this period, and there has been a -3.64% 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 -9.22% during the next 3 months and, with a 90% probability hold a price between $0.456 and $0.547 at the end of this 3-month period.

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SOMA.V Signals & Forecast

There are mixed signals in the stock today. The Soma Gold Corp. 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 $0.547 and $0.552. 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 Friday, June 21, 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).

Buy
Special Signal Notification

Double Bottom Formation

Double Bottom Formation

Support, Risk & Stop-loss for Soma Gold Corp. 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 3.08%

Our recommended stop-loss: $0.498 (-6.06%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 24 days ago.)

Trading Expectations (SOMA.V) For The Upcoming Trading Day Of Wednesday 26th

For the upcoming trading day on Wednesday, 26th we expect Soma Gold Corp. to open at $0.530, and during the day (based on 14 day Average True Range), to move between $0.510 and $0.550, which gives a possible trading interval of +/-$0.0204 (+/-3.84%) up or down from last closing price. If Soma Gold Corp. takes out the full calculated possible swing range there will be an estimated 7.68% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ $0.540, some $0.0100 (1.89%) from the current price of $0.530, our system finds the risk reward not very attractive.

Is Soma Gold Corp. stock A Buy?

Soma Gold Corp. 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: 0.000 Hold/Accumulate Upgraded

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for Soma Gold Corp. of Wednesday, June 26, 2024

Fair opening price June 26, 2024 Current price
$0.530 ( 0%) $0.530

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

Trading levels for SOMA.V

Fibonacci Support & Resistance Levels

Level Price
R3 0.530 -
R2 0.530 -
R1 0.530 -
Price 0.530
S1 0.530 -
S2 0.530 -
S3 0.530 -

Accumulated Volume Support & Resistance Levels

Level Price
R3 0.600 13.21%
R2 0.550 3.77%
R1 0.540 1.89%
Price 0.530
S1 0 -
S2 0 -
S3 0 -

FAQ

What is the symbol for Soma Gold Corp. Stock and on which exchange is it traded?
The symbol for Soma Gold Corp. is SOMA.V and it is traded on the TSXV (Toronto Stock Exchange Ventures).

Should I buy or sell Soma Gold Corp. Stock?
Soma Gold Corp. 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

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

What's the current price of Soma Gold Corp. Stock?
As of the end of day on the Jun 25, 2024, the price of an Soma Gold Corp. (SOMA.V) share was $0.530.

What is the 52-week high and low for Soma Gold Corp. Stock?
The 52-week high for Soma Gold Corp. Stock is $0.740 and the 52-week low is $0.410.

What is the market capitalization of Soma Gold Corp. Stock?
As of the Jun 25, 2024, the market capitalization of Soma Gold Corp. is 47.666M.

When is the next earnings date for Soma Gold Corp.?
The upcoming earnings date for Soma Gold Corp. is Aug 27, 2024.
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