Saint Jean Carbon Inc. Stock Forecast
Saint Jean Carbon Inc. stock price took a fall of -7.41% on Friday
(Updated on May 03, 2024)
The Saint Jean Carbon Inc. stock price fell by -7.41% on the last day (Friday, 3rd May 2024) from $0.0486 to $0.0450. During the last trading day the stock fluctuated 0% from a day low at $0.0450 to a day high of $0.0450. The price has been going up and down for this period, and there has been a -3.23% loss for the last 2 weeks. Volume has increased on the last day by 500 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, 500 shares were bought and sold for approximately $22.50 .
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 -28.26% during the next 3 months and, with a 90% probability hold a price between $0.0232 and $0.0368 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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TORVF Signals & Forecast
There are few to no technical positive signals at the moment. The Saint Jean Carbon 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 $0.0491 and $0.0502. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, April 01, 2024, and so far it has fallen -23.86%. 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). Saint Jean Carbon 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 Saint Jean Carbon Inc. stock
Saint Jean Carbon Inc. finds support from accumulated volume at $0.0431 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 7.99%.
Our recommended stop-loss: $0.0427 (-5.09%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 24 days ago.)
Trading Expectations (TORVF) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Saint Jean Carbon Inc. to open at $0.0450, and during the day (based on 14 day Average True Range), to move between $0.0422 and $0.0478, which gives a possible trading interval of +/-$0.0028 (+/-6.24%) up or down from last closing price. If Saint Jean Carbon Inc. takes out the full calculated possible swing range there will be an estimated 12.48% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0431 (4.22%) than the resistance at $0.0487 (8.22%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Saint Jean Carbon Inc. stock A Buy?
Saint Jean Carbon 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 Saint Jean Carbon Inc. of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $0.0450 ( 0.00000000%) | $0.0450 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TORVF
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0450 | 0.00000000 % | |
| R2 | 0.0450 | 0.00000000 % | ||
| R1 | 0.0450 | 0.00000000 % | ||
| Current price: | 0.0450 | |||
| Support | S1 | 0.0450 | 0.00000000 % | |
| S2 | 0.0450 | 0.00000000 % | ||
| S3 | 0.0450 | 0.00000000 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0555 | 23.33 % | |
| R2 | 0.0501 | 11.22 % | ||
| R1 | 0.0487 | 8.22 % | ||
| Current price | 0.0450 | |||
| Support | S1 | 0.0431 | -4.22% | |
| S2 | 0.0423 | -6.00% | ||
| S3 | 0 | . |
FAQ
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