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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 STM.AX
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Sunstone Metals Limited stock price down 0% on Monday
(Updated on Jun 17, 2024)

Sell candidate since May 31, 2024 Loss -16.67% PDF

No changes to the price of Sunstone Metals Limited stock on the last trading day (Monday, 17th Jun 2024). During the last trading day the stock fluctuated 10.00% from a day low at $0.0100 to a day high of $0.0110. The price has fallen in 4 of the last 10 days and is down by -16.67% for this period.

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 -20.49% during the next 3 months and, with a 90% probability hold a price between $0.0068 and $0.0107 at the end of this 3-month period.

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STM.AX Signals & Forecast

A buy signal was issued from a pivot bottom point on Thursday, May 09, 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 Sunstone Metals Limited 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 $0.0104 and $0.0115. 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 Sunstone Metals Limited 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.

This stock may move much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.0010 between high and low, or 10.00%. For the last week the stock has had daily average volatility of 12.67%.

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

Trading Expectations (STM.AX) For The Upcoming Trading Day Of Tuesday 18th

For the upcoming trading day on Tuesday, 18th we expect Sunstone Metals Limited to open at $0.0103, and during the day (based on 14 day Average True Range), to move between $0.0088 and $0.0112, which gives a possible trading interval of +/-$0.0012 (+/-11.54%) up or down from last closing price. If Sunstone Metals Limited takes out the full calculated possible swing range there will be an estimated 23.07% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ $0.0110, some $0.0010 (10.00%) from the current price of $0.0100, our system finds the risk reward not very attractive.

Is Sunstone Metals Limited stock A Buy?

Sunstone Metals Limited 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.

Current score: -4.280 Sell Candidate Unchanged

Predicted Opening Price for Sunstone Metals Limited of Tuesday, June 18, 2024

Fair opening price June 18, 2024 Current price
$0.0103 ( 3.33%) $0.0100

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

Trading levels for STM.AX

Fibonacci Support & Resistance Levels

Level Price
R3 0.0113 13.33%
R2 0.0110 9.51%
R1 0.0107 7.15%
Price 0.0100
S1 0.0100 -0.487%
S2 0.0097 -2.85%
S3 0.0093 -6.67%

Accumulated Volume Support & Resistance Levels

Level Price
R3 0 -
R2 0.0120 20.00%
R1 0.0110 10.00%
Price 0.0100
S1 0 -
S2 0 -
S3 0 -

FAQ

What is the symbol for Sunstone Metals Limited Stock and on which exchange is it traded?
The symbol for Sunstone Metals Limited is STM.AX and it is traded on the ASX (Australian Securities Exchange).

Should I buy or sell Sunstone Metals Limited Stock?
Sunstone Metals Limited 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.

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

What's the current price of Sunstone Metals Limited Stock?
As of the end of day on the Jun 17, 2024, the price of an Sunstone Metals Limited (STM.AX) share was $0.0100.

What is the 52-week high and low for Sunstone Metals Limited Stock?
The 52-week high for Sunstone Metals Limited Stock is $0.0320 and the 52-week low is $0.0090.

What is the market capitalization of Sunstone Metals Limited Stock?
As of the Jun 17, 2024, the market capitalization of Sunstone Metals Limited is 38.383M.

When is the next earnings date for Sunstone Metals Limited?
The upcoming earnings date for Sunstone Metals Limited is Jul 26, 2024.
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About Sunstone Metals Limited

Sunstone Metals Limited Sunstone Metals Limited engages in the exploration, evaluation, and development of mineral properties. It primarily explores for gold and copper deposits. It holds interests in the Bramaderos gold-copper porphyry concession covering 4,959 hectares located in Loja Province, southern Ecuador; and the El Palmar copper-gold porphyry project comprising 790 hectares situated in the Imbabura Province, northern Ecuador. The company was formerly known as ... STM.AX Profile

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