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AI Analysis of STPGF
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Steppe Gold Ltd. stock downgraded from Buy Candidate to Hold/Accumulate after Monday trading session.
(Updated on Jun 24, 2024)

Buy or Hold candidate since Jun 21, 2024 PDF

No changes to the price of Steppe Gold Ltd. stock on the last trading day (Monday, 24th Jun 2024). During the last trading day the stock fluctuated 0% from a day low at $0.486 to a day high of $0.486. The price has fallen in 5 of the last 10 days but is still up by 7.89% over the past 2 weeks.

The stock lies the upper part of a wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $0.491 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -13.54% during the next 3 months and, with a 90% probability hold a price between $0.343 and $0.425 at the end of this 3-month period. 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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STPGF Signals & Forecast

The Steppe Gold Ltd. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $0.443 and $0.460. A breakdown below any of these levels will issue sell signals. 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, June 21, 2024, and so far it has fallen 0%. 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). 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 Steppe Gold Ltd. stock

Steppe Gold Ltd. finds support from accumulated volume at $0.471 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

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 7.97%

Our recommended stop-loss: $0.466 (-3.92%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 2 days ago.)

Trading Expectations (STPGF) For The Upcoming Trading Day Of Tuesday 25th

For the upcoming trading day on Tuesday, 25th we expect Steppe Gold Ltd. to open at $0.486, and during the day (based on 14 day Average True Range), to move between $0.466 and $0.505, which gives a possible trading interval of +/-$0.0200 (+/-4.11%) up or down from last closing price. If Steppe Gold Ltd. takes out the full calculated possible swing range there will be an estimated 8.22% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.500 (2.99%) than the support at $0.471 (3.09%), 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 Steppe Gold Ltd. stock A Buy?

Steppe Gold Ltd. 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: -0.140 Hold/Accumulate Downgraded

Predicted Opening Price for Steppe Gold Ltd. of Tuesday, June 25, 2024

Fair opening price June 25, 2024 Current price
$0.486 ( 0%) $0.486

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

Trading levels for STPGF

Fibonacci Support & Resistance Levels

Level Price
R3 0.486 -
R2 0.486 -
R1 0.486 -
Price 0.486
S1 0.486 -
S2 0.486 -
S3 0.486 -

Accumulated Volume Support & Resistance Levels

Level Price
R3 0.535 10.22%
R2 0.525 8.14%
R1 0.500 2.99%
Price 0.486
S1 0.471 -3.09%
S2 0.451 -7.04%
S3 0.451 -7.09%

FAQ

What is the symbol for Steppe Gold Ltd. Stock and on which exchange is it traded?
The symbol for Steppe Gold Ltd. is STPGF and it is traded on the OTCBB (OTC Bulletin Board).

Should I buy or sell Steppe Gold Ltd. Stock?
Steppe Gold Ltd. 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

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

What's the current price of Steppe Gold Ltd. Stock?
As of the end of day on the Jun 24, 2024, the price of an Steppe Gold Ltd. (STPGF) share was $0.486.

What is the 52-week high and low for Steppe Gold Ltd. Stock?
The 52-week high for Steppe Gold Ltd. Stock is $0.660 and the 52-week low is $0.400.

What is the market capitalization of Steppe Gold Ltd. Stock?
As of the Jun 24, 2024, the market capitalization of Steppe Gold Ltd. is 51.721M.

When is the next earnings date for Steppe Gold Ltd.?
The upcoming earnings date for Steppe Gold Ltd. is Aug 12, 2024.
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