Thesis Gold Inc. Stock Forecast
Stronger technical forecast for Thesis Gold Inc. stock price after Friday trading.
(Updated on Jun 14, 2024)
The Thesis Gold Inc. stock price gained 4.35% on the last trading day (Friday, 14th Jun 2024), rising from $0.690 to $0.720. During the last trading day the stock fluctuated 2.86% from a day low at $0.700 to a day high of $0.720. The price has fallen in 7 of the last 10 days and is down by -6.49% for this period. Volume fell on the last day by -56 thousand shares and in total, 117 thousand shares were bought and sold for approximately $84.07 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a very wide and strong 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 31.72% during the next 3 months and, with a 90% probability hold a price between $0.87 and $1.09 at the end of this 3-month period.
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TAU.V Signals & Forecast
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 Thesis Gold Inc. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $0.749 and $0.741. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, June 06, 2024, and so far it has fallen -11.11%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Thesis Gold Inc. stock
Thesis Gold Inc. finds support from accumulated volume at $0.700 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.0200 between high and low, or 2.86%. For the last week the stock has had daily average volatility of 3.61%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (TAU.V) For The Upcoming Trading Day Of Monday 17th
For the upcoming trading day on Monday, 17th we expect Thesis Gold Inc. to open at $0.713, and during the day (based on 14 day Average True Range), to move between $0.669 and $0.771, which gives a possible trading interval of +/-$0.0514 (+/-7.14%) up or down from last closing price. If Thesis Gold Inc. takes out the full calculated possible swing range there will be an estimated 14.28% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.700 (2.78%) than the resistance at $0.760 (5.56%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Thesis Gold Inc. stock A Buy?
The Thesis Gold Inc. stock holds several negative signals and despite the positive trend, we believe Thesis Gold Inc. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -3.243 Sell Candidate Upgraded
Predicted Opening Price for Thesis Gold Inc. of Monday, June 17, 2024
| Fair opening price June 17, 2024 | Current price |
|---|---|
| $0.713 ( 0.93%) | $0.720 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TAU.V
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.733 | 1.85% |
| R2 | 0.726 | 0.791% |
| R1 | 0.721 | 0.135% |
| Price | 0.720 | |
| S1 | 0.706 | -1.99% |
| S2 | 0.701 | -2.64% |
| S3 | 0.693 | -3.70% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.780 | 8.33% |
| R2 | 0.770 | 6.94% |
| R1 | 0.760 | 5.56% |
| Price | 0.720 | |
| S1 | 0.700 | -2.78% |
| S2 | 0.690 | -4.17% |
| S3 | 0.680 | -5.56% |
FAQ
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