Strikepoint Gold Inc Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Strikepoint Gold Inc stock upgraded to Buy Candidate.
(Updated on May 31, 2024)
The Strikepoint Gold Inc stock price fell by -1.36% on the last day (Friday, 31st May 2024) from $0.0551 to $0.0543. During the last trading day the stock fluctuated 8.56% from a day low at $0.0532 to a day high of $0.0577. The price has risen in 5 of the last 10 days and is up by 10.82% over the past 2 weeks. Volume has increased on the last day by 129 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 173 thousand shares were bought and sold for approximately $9.40 thousand.
The stock lies in the middle of a very wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 9.28% during the next 3 months and, with a 90% probability hold a price between $0.0511 and $0.0773 at the end of this 3-month period.
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STKXF Signals & Forecast
The Strikepoint Gold Inc 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 $0.0538 and $0.0531. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Friday, March 22, 2024, and so far it has fallen -17.85%. Further fall is indicated until a new bottom pivot has been found. Strikepoint Gold Inc gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Strikepoint Gold Inc stock
Strikepoint Gold Inc finds support from accumulated volume at $0.0538 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 $0.0046 between high and low, or 8.56%. For the last week, the stock has had daily average volatility of 16.66%.
Our recommended stop-loss: $0.0516 (-4.94%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 93 days ago.)
Trading Expectations (STKXF) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect Strikepoint Gold Inc to open at $0.0551, and during the day (based on 14 day Average True Range), to move between $0.0485 and $0.0601, which gives a possible trading interval of +/-$0.0058 (+/-10.74%) up or down from last closing price. If Strikepoint Gold Inc takes out the full calculated possible swing range there will be an estimated 21.48% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0538 (0.99%) than the resistance at $0.0552 (1.66%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Strikepoint Gold Inc stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Strikepoint Gold Inc stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 2.255 Buy Candidate Upgraded
Predicted Opening Price for Strikepoint Gold Inc of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| $0.0551 ( 1.38%) | $0.0543 |
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 | 0.0596 | 9.76 % | |
| R2 | 0.0579 | 6.56 % | ||
| R1 | 0.0568 | 4.58 % | ||
| Current price: | 0.0543 | |||
| Support | S1 | 0.0533 | -1.82 % | |
| S2 | 0.0522 | -3.80 % | ||
| S3 | 0.0505 | -7.00 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0592 | 9.02 % | |
| R2 | 0.0589 | 8.47 % | ||
| R1 | 0.0552 | 1.66 % | ||
| Current price | 0.0543 | |||
| Support | S1 | 0.0538 | -0.99% | |
| S2 | 0.0525 | -3.31% | ||
| S3 | 0.0410 | -24.49% |
FAQ
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