Thunderbird Entertainment Group Inc. Stock Forecast
Stronger technical forecast for Thunderbird Entertainment Group Inc. stock price after Tuesday trading.
(Updated on Jun 25, 2024)
The Thunderbird Entertainment Group Inc. stock price fell by -0.787% on the last day (Tuesday, 25th Jun 2024) from $1.27 to $1.26. During the last trading day the stock fluctuated 0% from a day low at $1.26 to a day high of $1.26. The price has been going up and down for this period, and there has been a -3.82% loss for the last 2 weeks. Volume has increased on the last day by 2 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 2 thousand shares were bought and sold for approximately $2.52 thousand.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -19.86% during the next 3 months and, with a 90% probability hold a price between $0.88 and $1.11 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.
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THBRF Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Thunderbird Entertainment Group 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 $1.29 and $1.30. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, May 17, 2024, and so far it has fallen -7.35%. Further fall is indicated until a new bottom pivot has been found. Thunderbird Entertainment Group Inc. gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Thunderbird Entertainment Group Inc. 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.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this 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 1.11%.
Our recommended stop-loss: $1.20 (-4.38%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 29 days ago.)
Trading Expectations (THBRF) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Thunderbird Entertainment Group Inc. to open at $1.26, and during the day (based on 14 day Average True Range), to move between $1.23 and $1.29, which gives a possible trading interval of +/-$0.0293 (+/-2.33%) up or down from last closing price. If Thunderbird Entertainment Group Inc. takes out the full calculated possible swing range there will be an estimated 4.65% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $1.40, some $0.140 (11.11%) from the current price of $1.26, our system finds the risk reward not very attractive.
Is Thunderbird Entertainment Group Inc. stock A Buy?
Thunderbird Entertainment Group Inc. holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.000 Hold/Accumulate Upgraded
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Thunderbird Entertainment Group Inc. of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $1.26 ( 0%) | $1.26 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for THBRF
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.26 | - |
| R2 | 1.26 | - |
| R1 | 1.26 | - |
| Price | 1.26 | |
| S1 | 1.26 | - |
| S2 | 1.26 | - |
| S3 | 1.26 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.56 | 23.81% |
| R2 | 1.44 | 14.29% |
| R1 | 1.40 | 11.11% |
| Price | 1.26 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
FAQ
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