Tudor Gold Corp. Stock Forecast
Big movements in Tudor Gold Corp. stock price on Monday moving 13.64% between high and low
(Updated on May 13, 2024)
The Tudor Gold Corp. stock price fell by -1.11% on the last day (Monday, 13th May 2024) from $0.551 to $0.545. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 13.64% from a day low at $0.490 to a day high of $0.556. The price has fallen in 6 of the last 10 days and is down by -11.94% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -25 thousand shares and in total, 10 thousand shares were bought and sold for approximately $5.23 thousand.
Given the current short-term trend, the stock is expected to fall -2.63% during the next 3 months and, with a 90% probability hold a price between $0.530 and $0.96 at the end of this 3-month period.
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TDRRF Signals & Forecast
There are few to no technical positive signals at the moment. The Tudor Gold 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 $0.569 and $0.666. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, April 08, 2024, and so far it has fallen -45.26%. 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). Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Tudor Gold Corp. stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
This stock may move much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.0668 between high and low, or 13.64%. For the last week the stock has had daily average volatility of 6.72%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (TDRRF) For The Upcoming Trading Day Of Tuesday 14th
For the upcoming trading day on Tuesday, 14th we expect Tudor Gold Corp. to open at $0.530, and during the day (based on 14 day Average True Range), to move between $0.503 and $0.586, which gives a possible trading interval of +/-$0.0416 (+/-7.63%) up or down from last closing price. If Tudor Gold Corp. takes out the full calculated possible swing range there will be an estimated 15.26% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $0.587, some $0.0419 (7.69%) from the current price of $0.545, our system finds the risk reward not very attractive.
Is Tudor Gold Corp. stock A Buy?
Tudor Gold Corp. holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore 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: -3.026 Sell Candidate Upgraded
Predicted Opening Price for Tudor Gold Corp. of Tuesday, May 14, 2024
| Fair opening price May 14, 2024 | Current price |
|---|---|
| $0.530 ( 2.66%) | $0.545 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TDRRF
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.597 | 9.61 % | |
| R2 | 0.572 | 4.92 % | ||
| R1 | 0.556 | 2.03 % | ||
| Current price: | 0.545 | |||
| Support | S1 | 0.505 | -7.34 % | |
| S2 | 0.489 | -10.23 % | ||
| S3 | 0.463 | -14.92 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.651 | 19.56 % | |
| R2 | 0.650 | 19.33 % | ||
| R1 | 0.587 | 7.69 % | ||
| Current price | 0.545 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
FAQ
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