Timberline Resources Corporation Stock Forecast

Green day on Wednesday for Timberline Resources Corporation
(Updated on May 15, 2024)

TBR.V Signals & Forecast

The Timberline Resources Corporation stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $0.139. On a fall, the stock will find some support from the long-term average at approximately $0.114. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Timberline Resources Corporation has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. 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. A sell signal was issued from a pivot top point on Monday, May 06, 2024, and so far it has fallen -18.18%. 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 Timberline Resources Corporation stock

Timberline Resources Corporation finds support from accumulated volume at $0.130 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 $0.0100 between high and low, or 7.69%. For the last week, the stock has had daily average volatility of 6.92%.

Our recommended stop-loss: $0.127 (-6.18%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 7 days ago.)

Trading Expectations (TBR.V) For The Upcoming Trading Day Of Thursday 16th

For the upcoming trading day on Thursday, 16th we expect Timberline Resources Corporation to open at $0.135, and during the day (based on 14 day Average True Range), to move between $0.126 and $0.144, which gives a possible trading interval of +/-$0.0085 (+/-6.31%) up or down from last closing price. If Timberline Resources Corporation takes out the full calculated possible swing range there will be an estimated 12.62% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.140 (3.70%) than the support at $0.130 (3.70%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Timberline Resources Corporation stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Timberline Resources Corporation stock to perform well in the short-term.

Current score: 1.111 Buy Candidate Unchanged

Predicted Opening Price for Timberline Resources Corporation of Thursday, May 16, 2024

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