Timberline Resources Corporation Stock Forecast
Volatile ride for
Timberline Resources Corporation stock price on Thursday moving between $0.101 and $0.113
(Updated on May 02, 2024)
The Timberline Resources Corporation stock price gained 20.97% on the last trading day (Thursday, 2nd May 2024), rising from $0.0880 to $0.106. During the last trading day the stock fluctuated 11.88% from a day low at $0.101 to a day high of $0.113. The price has been going up and down for this period, and there has been a 6.88% gain for the last 2 weeks. Volume fell on the last day by -300 thousand shares and in total, 84 thousand shares were bought and sold for approximately $8.94 thousand. 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 in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 102.32% during the next 3 months and, with a 90% probability hold a price between $0.109 and $0.243 at the end of this 3-month period.
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TLRS Signals & Forecast
The Timberline Resources Corporation stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $0.106 and $0.0652. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Friday, April 26, 2024, and so far it has fallen -8.15%. Further fall is indicated until a new bottom pivot has been found. 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.
Support, Risk & Stop-loss for Timberline Resources Corporation stock
Timberline Resources Corporation finds support from accumulated volume at $0.102 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 $0.0120 between high and low, or 11.88%. For the last week the stock has had daily average volatility of 17.00%.
Our recommended stop-loss: $0.101 (-5.02%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 4 days ago.)
Trading Expectations (TLRS) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect Timberline Resources Corporation to open at $0.107, and during the day (based on 14 day Average True Range), to move between $0.0913 and $0.122, which gives a possible trading interval of +/-$0.0152 (+/-14.28%) up or down from last closing price. If Timberline Resources Corporation takes out the full calculated possible swing range there will be an estimated 28.55% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.110 (3.33%) than the support at $0.102 (4.26%), 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 Timberline Resources Corporation stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Timberline Resources Corporation stock to perform well in the short-term.
Current score: 2.867 Buy Candidate Unchanged
Predicted Opening Price for Timberline Resources Corporation of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| $0.107 ( 0.344%) | $0.106 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TLRS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.119 | 11.62 % | |
| R2 | 0.114 | 7.31 % | ||
| R1 | 0.111 | 4.65 % | ||
| Current price: | 0.106 | |||
| Support | S1 | 0.102 | -3.96 % | |
| S2 | 0.0994 | -6.62 % | ||
| S3 | 0.0948 | -10.93 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.116 | 8.88 % | |
| R2 | 0.111 | 3.80 % | ||
| R1 | 0.110 | 3.33 % | ||
| Current price | 0.106 | |||
| Support | S1 | 0.102 | -4.26% | |
| S2 | 0.101 | -5.59% | ||
| S3 | 0.0980 | -7.94% |
FAQ
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