Strikepoint Gold Inc Stock Forecast
Red day on Friday for Strikepoint Gold Inc
(Updated on May 17, 2024)
No changes to the price of Strikepoint Gold Inc stock on the last trading day (Friday, 17th May 2024). During the last trading day the stock fluctuated 6.25% from a day low at $0.0480 to a day high of $0.0510. The price has fallen in 5 of the last 10 days and is down by -4.11% for this period.
The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.0469 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 26.92% during the next 3 months and, with a 90% probability hold a price between $0.0595 and $0.0968 at the end of this 3-month period.
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STKXF Signals & Forecast
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. The Strikepoint Gold 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 $0.0515 and $0.0540. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, March 22, 2024, and so far it has fallen -25.87%. 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 Strikepoint Gold Inc stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.0411 and $0.0410. 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, Strikepoint Gold Inc finds support just below today's level at $0.0411. If this is broken, then the next support from accumulated volume will be at $0.0410 and $0.0370.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.0030 between high and low, or 6.25%. For the last week, the stock has had daily average volatility of 8.79%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (STKXF) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Strikepoint Gold Inc to open at $0.0493, and during the day (based on 14 day Average True Range), to move between $0.0436 and $0.0544, which gives a possible trading interval of +/-$0.0054 (+/-11.07%) up or down from last closing price. If Strikepoint Gold Inc takes out the full calculated possible swing range there will be an estimated 22.13% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0525 (7.14%) than the support at $0.0411 (16.12%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Strikepoint Gold Inc stock A Buy?
The Strikepoint Gold Inc stock holds several negative signals and despite the positive trend, we believe Strikepoint Gold Inc will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -4.812 Sell Candidate Unchanged
Predicted Opening Price for Strikepoint Gold Inc of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| $0.0493 ( 0.680%) | $0.0490 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for STKXF
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0523 | 6.80 % | |
| R2 | 0.0512 | 4.46 % | ||
| R1 | 0.0505 | 3.02 % | ||
| Current price: | 0.0490 | |||
| Support | S1 | 0.0482 | -1.66 % | |
| S2 | 0.0475 | -3.10 % | ||
| S3 | 0.0463 | -5.44 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0592 | 20.82 % | |
| R2 | 0.0538 | 9.72 % | ||
| R1 | 0.0525 | 7.14 % | ||
| Current price | 0.0490 | |||
| Support | S1 | 0.0411 | -16.12% | |
| S2 | 0.0410 | -16.33% | ||
| S3 | 0.0370 | -24.49% |
FAQ
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