Talisker Resources Ltd. Stock Forecast
A very red day for Talisker Resources Ltd. stock price after a -5.27% fall in the Friday trading session
(Updated on May 31, 2024)
The Talisker Resources Ltd. stock price fell by -5.27% on the last day (Friday, 31st May 2024) from $0.410 to $0.388. During the last trading day the stock fluctuated 5.70% from a day low at $0.388 to a day high of $0.410. The price has fallen in 7 of the last 10 days and is down by -11.22% for this period. Volume has increased on the last day by 4 thousand 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, 7 thousand shares were bought and sold for approximately $2.52 thousand.
Given the current short-term trend, the stock is expected to rise 82.38% during the next 3 months and, with a 90% probability hold a price between $0.708 and $0.95 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
TSKFF Signals & Forecast
There are few to no technical positive signals at the moment. The Talisker Resources Ltd. 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 $0.403 and $0.409. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, May 20, 2024, and so far it has fallen -20.90%. 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). Talisker Resources Ltd. 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 Talisker Resources Ltd. stock
Talisker Resources Ltd. finds support from accumulated volume at $0.375 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 $0.0221 between high and low, or 5.70%. For the last week, the stock has had daily average volatility of 3.36%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (TSKFF) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect Talisker Resources Ltd. to open at $0.395, and during the day (based on 14 day Average True Range), to move between $0.367 and $0.410, which gives a possible trading interval of +/-$0.0211 (+/-5.44%) up or down from last closing price. If Talisker Resources Ltd. takes out the full calculated possible swing range there will be an estimated 10.89% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.375 (3.34%) than the resistance at $0.430 (10.71%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Talisker Resources Ltd. stock A Buy?
The Talisker Resources Ltd. stock holds several negative signals and despite the positive trend, we believe Talisker Resources Ltd. 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 Buy to a Sell candidate.
Current score: -1.135 Sell Candidate Downgraded
Predicted Opening Price for Talisker Resources Ltd. of Monday, June 3, 2024
Fair opening price June 3, 2024 | Current price |
---|---|
$0.395 ( 1.81%) | $0.388 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TSKFF
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.418 | 7.50 % | |
R2 | 0.409 | 5.33 % | ||
R1 | 0.404 | 3.98 % | ||
Current price: | 0.388 | |||
Support | S1 | 0.387 | -0.363 % | |
S2 | 0.382 | -1.71 % | ||
S3 | 0.373 | -3.88 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.438 | 12.64 % | |
R2 | 0.435 | 11.87 % | ||
R1 | 0.430 | 10.71 % | ||
Current price | 0.388 | |||
Support | S1 | 0.375 | -3.34% | |
S2 | 0.337 | -13.29% | ||
S3 | 0.332 | -14.55% |
FAQ
Click here for our free guide on how to buy Talisker Resources Ltd. Stock.