Tearlach Resources Limited Stock Forecast
High volatility in Tearlach Resources Limited stock price on Friday which ended trading at $0.0350
(Updated on May 31, 2024)
The Tearlach Resources Limited stock price gained 16.67% on the last trading day (Friday, 31st May 2024), rising from $0.0300 to $0.0350. During the last trading day the stock fluctuated 40.00% from a day low at $0.0250 to a day high of $0.0350. The price has been going up and down for this period, and there has been a 40% gain for the last 2 weeks. Volume fell on the last day by -25 thousand shares and in total, 13 thousand shares were bought and sold for approximately $462.46 . 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 the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $0.0402 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -21.53% during the next 3 months and, with a 90% probability hold a price between $0.0111 and $0.0315 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
TEA.V Signals & Forecast
A sell signal was issued from a pivot top point on Wednesday, May 29, 2024, and so far it has fallen 0%. 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 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. Some positive signals were issued as well, and these may have some influence on the near short-term development. The Tearlach Resources Limited stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $0.0300 and $0.0313. A breakdown below any of these levels will issue sell signals.
Support, Risk & Stop-loss for Tearlach Resources Limited stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.0300. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $ may give a huge drop in the stock price.
This stock may move very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved $0.0100 between high and low, or 40.00%. For the last week the stock has had daily average volatility of 18.67%.
Our recommended stop-loss: $0.0338 (-3.38%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 11 days ago.)
Trading Expectations (TEA.V) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect Tearlach Resources Limited to open at $0.0317, and during the day (based on 14 day Average True Range), to move between $0.0301 and $0.0399, which gives a possible trading interval of +/-$0.0049 (+/-13.93%) up or down from last closing price. If Tearlach Resources Limited takes out the full calculated possible swing range there will be an estimated 27.85% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0400 (14.29%) than the support at $0.0300 (14.29%), 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 Tearlach Resources Limited stock A Buy?
The stock is within a very wide and falling trend and holds several negative signals that may affect the stock in the short-term. However, we believe that today's you should hold a possible buying opportunity and expect the price to be higher at the end of the 3-month period. The careful investor would await further signals. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 2.330 Buy Candidate Upgraded
Predicted Opening Price for Tearlach Resources Limited of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| $0.0317 ( 9.52%) | $0.0350 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TEA.V
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0417 | 19.05 % | |
| R2 | 0.0378 | 8.13 % | ||
| R1 | 0.0355 | 1.39 % | ||
| Current price: | 0.0350 | |||
| Support | S1 | 0.0278 | -20.44 % | |
| S2 | 0.0255 | -27.18 % | ||
| S3 | 0.0217 | -38.10 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0.0400 | 14.29 % | ||
| Current price | 0.0350 | |||
| Support | S1 | 0.0300 | -14.29% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
TEA Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 02, 1999 | Jun 02, 1999 | Jun 02, 1999 | $1.00 | 20.00% |
| 2 | Dec 09, 1998 | Dec 09, 1998 | Dec 09, 1998 | $1.00 | 29.41% |
| 3 | Jun 03, 1998 | Jun 03, 1998 | Jun 03, 1998 | $1.00 | 22.73% |
| 4 | Dec 03, 1997 | Dec 03, 1997 | Dec 03, 1997 | $1.00 | 14.71% |
| 5 | Jun 04, 1997 | Jun 04, 1997 | Jun 04, 1997 | $1.00 | 13.89% |
FAQ
Click here for our free guide on how to buy Tearlach Resources Limited Stock.
