Surge Copper Corp. Stock Forecast

Surge Copper Corp. stock price down 0% on Monday
(Updated on Jun 17, 2024)

SURG.V Signals & Forecast

A buy signal was issued from a pivot bottom point on Thursday, June 13, 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 Surge Copper Corp. 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 $0.155 and $0.165. 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 Surge Copper Corp. stock

On the downside, the stock finds support just below today's level from accumulated volume at $0.140 and $0.130. 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, Surge Copper Corp. finds support just below today's level at $0.140. If this is broken, then the next support from accumulated volume will be at $0.130 and $0.115.

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 4.54%

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

Trading Expectations (SURG.V) For The Upcoming Trading Day Of Tuesday 18th

For the upcoming trading day on Tuesday, 18th we expect Surge Copper Corp. to open at $0.150, and during the day (based on 14 day Average True Range), to move between $0.137 and $0.163, which gives a possible trading interval of +/-$0.0131 (+/-8.75%) up or down from last closing price. If Surge Copper Corp. takes out the full calculated possible swing range there will be an estimated 17.49% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.140 (6.67%) than the resistance at $0.165 (10.00%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Surge Copper Corp. stock A Buy?

The Surge Copper Corp. stock holds several negative signals and despite the positive trend, we believe Surge Copper Corp. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -1.344 Sell Candidate Unchanged

Predicted Opening Price for Surge Copper Corp. of Tuesday, June 18, 2024

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