St-Georges Eco-Mining Corp. Stock Forecast
St-Georges Eco-Mining Corp. stock price down 2.25% on Monday
(Updated on May 06, 2024)
The St-Georges Eco-Mining Corp. stock price fell by -2.25% on the last day (Monday, 6th May 2024) from $0.0512 to $0.0500. During the last trading day the stock fluctuated 9.24% from a day low at $0.0476 to a day high of $0.0520. The price has fallen in 7 of the last 10 days and is down by -21.51% for this period. Volume has increased on the last day by 57 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, 70 thousand shares were bought and sold for approximately $3.48 thousand.
The stock lies in the lower part of a very wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.0498 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 2.63% during the next 3 months and, with a 90% probability hold a price between $0.0511 and $0.0802 at the end of this 3-month period.
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SXOOF Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, May 02, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. 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. The St-Georges Eco-Mining 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 $0.0527 and $0.0613. A break-up above any of these levels will issue buy signals. St-Georges Eco-Mining Corp. 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 St-Georges Eco-Mining Corp. stock
St-Georges Eco-Mining Corp. finds support from accumulated volume at $0.0482 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.0044 between high and low, or 9.24%. For the last week, the stock has had daily average volatility of 8.63%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SXOOF) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect St-Georges Eco-Mining Corp. to open at $0.0499, and during the day (based on 14 day Average True Range), to move between $0.0438 and $0.0562, which gives a possible trading interval of +/-$0.0062 (+/-12.31%) up or down from last closing price. If St-Georges Eco-Mining Corp. takes out the full calculated possible swing range there will be an estimated 24.61% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0482 (3.60%) than the resistance at $0.0520 (4.00%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is St-Georges Eco-Mining Corp. stock A Buy?
The St-Georges Eco-Mining Corp. stock holds several negative signals and despite the positive trend, we believe St-Georges Eco-Mining Corp. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -1.990 Sell Candidate Unchanged
Predicted Opening Price for St-Georges Eco-Mining Corp. of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| $0.0499 ( 0.267%) | $0.0500 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SXOOF
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0543 | 8.53 % | |
| R2 | 0.0526 | 5.17 % | ||
| R1 | 0.0515 | 3.09 % | ||
| Current price: | 0.0500 | |||
| Support | S1 | 0.0482 | -3.63 % | |
| S2 | 0.0471 | -5.71 % | ||
| S3 | 0.0455 | -9.07 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0570 | 14.00 % | |
| R2 | 0.0550 | 10.00 % | ||
| R1 | 0.0520 | 4.00 % | ||
| Current price | 0.0500 | |||
| Support | S1 | 0.0482 | -3.60% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
FAQ
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