Thesis Gold Inc. Stock Forecast

Red day on Thursday for Thesis Gold Inc. stock after losing 0%
(Updated on Jun 20, 2024)

TAU.V Signals & Forecast

Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". The very low volume increases the risk and reduces the other technical signals issued. 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. 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 $0.679 and $0.733. 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 -20.99%. 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).

Support, Risk & Stop-loss for Thesis Gold Inc. stock

Thesis Gold Inc. finds support from accumulated volume at $0.610 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 $0.0200 between high and low, or 3.13%. For the last week, the stock has had daily average volatility of 3.34%.

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 Friday 21st

For the upcoming trading day on Friday, 21st we expect Thesis Gold Inc. to open at $0.647, and during the day (based on 14 day Average True Range), to move between $0.595 and $0.685, which gives a possible trading interval of +/-$0.0452 (+/-7.06%) up or down from last closing price. If Thesis Gold Inc. takes out the full calculated possible swing range there will be an estimated 14.12% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.610 (4.69%) than the resistance at $0.680 (6.25%), 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.

Current score: -4.568 Sell Candidate Unchanged

Predicted Opening Price for Thesis Gold Inc. of Friday, June 21, 2024

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