Troy Minerals Inc. Stock Forecast

Big movements in Troy Minerals Inc. stock price on Thursday moving 11.11% between high and low
(Updated on Jun 27, 2024)

TROY.CN Signals & Forecast

The Troy Minerals Inc. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $0.316. On a fall, the stock will find some support from the long-term average at approximately $0.259. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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 Thursday, June 20, 2024, and so far it has fallen -26.03%. Further fall is indicated until a new bottom pivot has been found. Troy Minerals 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 Troy Minerals Inc. stock

On the downside, the stock finds support just below today's level from accumulated volume at $0.250 and $0.245. 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, Troy Minerals Inc. finds support just below today's level at $0.250. If this is broken, then the next support from accumulated volume will be at $0.245 and $0.225.

This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.0300 between high and low, or 11.11%. For the last week, the stock has had daily average volatility of 11.81%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (TROY.CN) For The Upcoming Trading Day Of Friday 28th

For the upcoming trading day on Friday, 28th we expect Troy Minerals Inc. to open at $0.280, and during the day (based on 14 day Average True Range), to move between $0.239 and $0.301, which gives a possible trading interval of +/-$0.0307 (+/-11.35%) up or down from last closing price. If Troy Minerals Inc. takes out the full calculated possible swing range there will be an estimated 22.71% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.250 (7.41%) than the resistance at $0.295 (9.26%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Troy Minerals Inc. stock A Buy?

Troy Minerals Inc. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, 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: -1.680 Sell Candidate Downgraded

Predicted Opening Price for Troy Minerals Inc. of Friday, June 28, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.