Sandstorm Gold Ltd. Stock Forecast
Green day on Wednesday for Sandstorm Gold Ltd. stock after gaining 3.56%
(Updated on Mar 27, 2024)
The Sandstorm Gold Ltd. stock price gained 3.56% on the last trading day (Wednesday, 27th Mar 2024), rising from $6.75 to $6.99. During the last trading day the stock fluctuated 3.25% from a day low at $6.77 to a day high of $6.99. The price has risen in 5 of the last 10 days and is up by 6.39% over the past 2 weeks. Volume fell on the last day by -40 thousand shares and in total, 120 thousand shares were bought and sold for approximately $835.59 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
Given the current horizontal trend, you can expect Sandstorm Gold Ltd. stock with a 90% probability to be traded between $5.33 and $6.96 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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SSL.TO Signals & Forecast
The Sandstorm 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 $6.77 and $6.13. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, February 14, 2024, and so far it has risen 30.17%. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Support, Risk & Stop-loss for Sandstorm Gold Ltd. stock
On the downside, the stock finds support just below today's level from accumulated volume at $6.08 and $5.71. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Sandstorm Gold Ltd. finds support just below today's level at $6.08. If this is broken, then the next support from accumulated volume will be at $5.71 and $5.47.
This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.220 between high and low, or 3.25%. For the last week the stock has had daily average volatility of 3.04%.
Our recommended stop-loss: $6.78 (-3.06%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 29 days ago.)
Trading Expectations (SSL.TO) For The Upcoming Trading Day Of Thursday 28th
For the upcoming trading day on Thursday, 28th we expect Sandstorm Gold Ltd. to open at $6.92, and during the day (based on 14 day Average True Range), to move between $6.78 and $7.20, which gives a possible trading interval of +/-$0.209 (+/-2.99%) up or down from last closing price. If Sandstorm Gold Ltd. takes out the full calculated possible swing range there will be an estimated 5.98% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $6.08, some $0.91 (13.02%) from the current price of $6.99, our system finds the risk reward attractive.
Is Sandstorm Gold Ltd. stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Sandstorm Gold Ltd. stock to perform well in the short-term period.
Current score: 3.852 Buy Candidate Unchanged
Predicted Opening Price for Sandstorm Gold Ltd. of Thursday, March 28, 2024
Fair opening price March 28, 2024 | Current price |
---|---|
$6.92 ( 1.05%) | $6.99 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SSL.TO
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 7.14 | 2.10 % | |
R2 | 7.05 | 0.90 % | ||
R1 | 7.00 | 0.153 % | ||
Current price: | 6.99 | |||
Support | S1 | 6.83 | -2.25 % | |
S2 | 6.78 | -2.99 % | ||
S3 | 6.70 | -4.20 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 0 | . | ||
Current price | 6.99 | |||
Support | S1 | 6.08 | -13.02% | |
S2 | 5.71 | -18.31% | ||
S3 | 5.47 | -21.75% |
SSL Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jan 15, 2024 | Jan 15, 2024 | Jan 26, 2024 | $0.0200 | 0.317% |
2 | Dec 18, 2023 | Jan 12, 2024 | Jan 26, 2024 | $0.0200 | 0.317% |
3 | Oct 16, 2023 | Oct 16, 2023 | Oct 27, 2023 | $0.0200 | 0.307% |
4 | Jul 17, 2023 | Jul 17, 2023 | Jul 28, 2023 | $0.0200 | 0.283% |
5 | Apr 17, 2023 | Apr 17, 2023 | Apr 28, 2023 | $0.0200 | 0.257% |
FAQ
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