Trophy Resources, Inc. Stock Forecast

Trophy Resources, Inc. stock downgraded to Sell Candidate
(Updated on May 15, 2024)

TRSI Signals & Forecast

A buy signal was issued from a pivot bottom point on Tuesday, May 14, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Trophy Resources, 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 $0.0002 and $0.0002. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.

Sell

Special Signal Notification

Double Top Formation

A sell signal from a double top formation was found on Wednesday, May 01, 2024 with a target of $0.0002. Despite whether the objective of the signal formation has been reached the stock may continue to fall.

Support, Risk & Stop-loss for Trophy Resources, 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the 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 20.00%

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

Trading Expectations (TRSI) For The Upcoming Trading Day Of Thursday 16th

For the upcoming trading day on Thursday, 16th we expect Trophy Resources, Inc. to open at $0.0001, and during the day (based on 14 day Average True Range), to move between $0.00005767 and $0.0001, which gives a possible trading interval of +/-$0.00004233 (+/-42.33%) up or down from last closing price. If Trophy Resources, Inc. takes out the full calculated possible swing range there will be an estimated 84.67% move between the lowest and the highest trading price during the day.

Is Trophy Resources, Inc. stock A Buy?

The Trophy Resources, Inc. stock holds several negative signals and despite the positive trend, we believe Trophy Resources, Inc. will perform weakly in the next couple of days or weeks. Therefore, we 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: -4.219 Sell Candidate Downgraded

Predicted Opening Price for Trophy Resources, Inc. of Thursday, May 16, 2024

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