Tego Cyber Inc. Stock Forecast
Tego Cyber Inc. stock downgraded to Sell Candidate
(Updated on Jun 17, 2024)
No changes to the price of Tego Cyber Inc. stock on the last trading day (Monday, 17th Jun 2024). During the last trading day the stock fluctuated 0% from a day low at $0.100 to a day high of $0.100. The price has been going up and down for this period, and there has been a -33.33% loss for the last 2 weeks.
The stock lies in the lower part of a very wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.0830 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 2.93% during the next 3 months and, with a 90% probability hold a price between $0.0854 and $0.193 at the end of this 3-month period.
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TGCB Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Tego Cyber 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 $0.107 and $0.134. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Tego Cyber Inc. stock
Tego Cyber Inc. finds support from accumulated volume at $0.0981 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 2.00%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (TGCB) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect Tego Cyber Inc. to open at $0.100, and during the day (based on 14 day Average True Range), to move between $0.0838 and $0.116, which gives a possible trading interval of +/-$0.0162 (+/-16.15%) up or down from last closing price. If Tego Cyber Inc. takes out the full calculated possible swing range there will be an estimated 32.31% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.100 (0.30%) than the support at $0.0981 (1.93%), 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 Tego Cyber Inc. stock A Buy?
The Tego Cyber Inc. stock holds several negative signals and despite the positive trend, we believe Tego Cyber Inc. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -2.738 Sell Candidate Downgraded
Predicted Opening Price for Tego Cyber Inc. of Tuesday, June 18, 2024
| Fair opening price June 18, 2024 | Current price |
|---|---|
| $0.100 ( 0.00000000%) | $0.100 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TGCB
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.100 | 0.00000000% |
| R2 | 0.100 | 0.00000000% |
| R1 | 0.100 | 0.00000000% |
| Price | 0.100 | |
| S1 | 0.100 | 0.00000000% |
| S2 | 0.100 | 0.00000000% |
| S3 | 0.100 | 0.00000000% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.114 | 14.00% |
| R2 | 0.110 | 10.00% |
| R1 | 0.100 | 0.300% |
| Price | 0.100 | |
| S1 | 0.0981 | -1.93% |
| S2 | 0.0799 | -20.10% |
| S3 | 0.0780 | -22.00% |
FAQ
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