Triumph Gold Corp Stock Forecast
On Friday, Triumph Gold Corp stock price gained an impressive 11.97%
(Updated on May 17, 2024)
The Triumph Gold Corp stock price gained 11.97% on the last trading day (Friday, 17th May 2024), rising from $0.178 to $0.199. During the last trading day the stock fluctuated 0% from a day low at $0.199 to a day high of $0.199. The price has fallen in 4 of the last 10 days but is still up by 2.05% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 2 thousand more shares were traded than the day before. In total, 2 thousand shares were bought and sold for approximately $298.50 .
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 -7.15% during the next 3 months and, with a 90% probability hold a price between $0.144 and $0.206 at the end of this 3-month period.
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TIGCF Signals & Forecast
The Triumph Gold Corp 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 $0.181 and $0.194. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, May 14, 2024, and so far it has risen 16.37%. Further rise is indicated until a new top pivot has been found. Triumph Gold Corp 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Triumph Gold Corp stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.189 and $0.185. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Triumph Gold Corp finds support just below today's level at $0.189. If this is broken, then the next support from accumulated volume will be at $0.185 and $0.165.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. 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 0.725%.
Our recommended stop-loss: $0.191 (-4.08%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 3 days ago.)
Trading Expectations (TIGCF) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Triumph Gold Corp to open at $0.199, and during the day (based on 14 day Average True Range), to move between $0.191 and $0.207, which gives a possible trading interval of +/-$0.0077 (+/-3.88%) up or down from last closing price. If Triumph Gold Corp takes out the full calculated possible swing range there will be an estimated 7.76% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.200 (0.25%) than the support at $0.189 (5.03%), 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 Triumph Gold Corp stock A Buy?
Triumph Gold Corp holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, 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 Triumph Gold Corp of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| $0.199 ( 0.00000000%) | $0.199 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TIGCF
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.199 | 0.00000000 % | |
| R2 | 0.199 | 0.00000000 % | ||
| R1 | 0.199 | 0.00000000 % | ||
| Current price: | 0.199 | |||
| Support | S1 | 0.199 | 0.00000000 % | |
| S2 | 0.199 | 0.00000000 % | ||
| S3 | 0.199 | 0.00000000 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.208 | 4.27 % | |
| R2 | 0.200 | 0.503 % | ||
| R1 | 0.200 | 0.251 % | ||
| Current price | 0.199 | |||
| Support | S1 | 0.189 | -5.03% | |
| S2 | 0.185 | -7.04% | ||
| S3 | 0.165 | -17.19% |
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