St-Georges Eco-Mining Corp. Stock Forecast
Volatile ride for St-Georges Eco-Mining Corp. stock price on Thursday moving between $0.0526 and $0.0625
(Updated on Apr 25, 2024)
The St-Georges Eco-Mining Corp. stock price fell by -4.87% on the last day (Thursday, 25th Apr 2024) from $0.0606 to $0.0577. During the last trading day the stock fluctuated 18.82% from a day low at $0.0526 to a day high of $0.0625. The price has fallen in 6 of the last 10 days and is down by -7.76% for this period. Volume has increased on the last day by 47 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, 59 thousand shares were bought and sold for approximately $3.42 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 5.41% during the next 3 months and, with a 90% probability hold a price between $0.0537 and $0.0828 at the end of this 3-month period.
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SXOOF Signals & Forecast
There are few to no technical positive signals at the moment. 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 $0.0585 and $0.0625. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, April 23, 2024, and so far it has fallen -9.92%. 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). 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 $0.0570 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 $0.0099 between high and low, or 18.82%. For the last week, the stock has had daily average volatility of 13.71%.
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 Friday 26th
For the upcoming trading day on Friday, 26th we expect St-Georges Eco-Mining Corp. to open at $0.0576, and during the day (based on 14 day Average True Range), to move between $0.0506 and $0.0647, which gives a possible trading interval of +/-$0.0071 (+/-12.23%) 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 24.47% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0570 (1.13%) than the resistance at $0.0658 (14.14%), 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: -3.691 Sell Candidate Unchanged
Predicted Opening Price for St-Georges Eco-Mining Corp. of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $0.0576 ( 0.116%) | $0.0577 |
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 | 0.0675 | 17.06 % | |
| R2 | 0.0637 | 10.50 % | ||
| R1 | 0.0614 | 6.44 % | ||
| Current price: | 0.0577 | |||
| Support | S1 | 0.0538 | -6.68 % | |
| S2 | 0.0515 | -10.73 % | ||
| S3 | 0.0477 | -17.29 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0700 | 21.42 % | |
| R2 | 0.0670 | 16.22 % | ||
| R1 | 0.0658 | 14.14 % | ||
| Current price | 0.0577 | |||
| Support | S1 | 0.0570 | -1.13% | |
| S2 | 0.0550 | -4.60% | ||
| S3 | 0.0520 | -9.80% |
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