Tier One Silver Inc. Stock Forecast
Tier One Silver Inc. stock price up 4.97% on Friday
(Updated on May 31, 2024)
The Tier One Silver Inc. stock price gained 4.97% on the last trading day (Friday, 31st May 2024), rising from $0.119 to $0.124. During the last trading day the stock fluctuated 0% from a day low at $0.124 to a day high of $0.124. The price has risen in 7 of the last 10 days and is up by 24.39% over the past 2 weeks. Volume fell on the last day by -37 thousand shares and in total, 800 shares were bought and sold for approximately $99.51 . 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 56.70% during the next 3 months and, with a 90% probability hold a price between $0.159 and $0.266 at the end of this 3-month period.
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TSLVF Signals & Forecast
The Tier One Silver Inc. 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 $0.117 and $0.103. 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 Tuesday, April 09, 2024, and so far it has fallen -6.61%. 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 Tier One Silver Inc. stock
Tier One Silver Inc. finds support from accumulated volume at $0.120 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 much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". 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 6.43%.
Our recommended stop-loss: $0.118 (-4.96%) (This stock has high daily movements and this gives high risk. The RSI14 is 77 and this increases the risk substantially. There is a sell signal from a pivot top found 65 days ago.)
Trading Expectations (TSLVF) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect Tier One Silver Inc. to open at $0.124, and during the day (based on 14 day Average True Range), to move between $0.111 and $0.138, which gives a possible trading interval of +/-$0.0138 (+/-11.09%) up or down from last closing price. If Tier One Silver Inc. takes out the full calculated possible swing range there will be an estimated 22.17% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.120 (3.57%) than the resistance at $0.133 (7.08%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Tier One Silver Inc. 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 Tier One Silver Inc. stock to perform well in the short-term.
Current score: 3.889 Buy Candidate Unchanged
Predicted Opening Price for Tier One Silver Inc. of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| $0.124 ( 0%) | $0.124 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TSLVF
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.124 | . | |
| R2 | 0.124 | . | ||
| R1 | 0.124 | . | ||
| Current price: | 0.124 | |||
| Support | S1 | 0.124 | . | |
| S2 | 0.124 | . | ||
| S3 | 0.124 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0.133 | 7.08 % | ||
| Current price | 0.124 | |||
| Support | S1 | 0.120 | -3.57% | |
| S2 | 0.111 | -11.05% | ||
| S3 | 0.110 | -11.49% |
FAQ
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