Tudor Gold Corp. Stock Forecast
Red day on Wednesday for Tudor Gold Corp.
(Updated on Jun 26, 2024)
The Tudor Gold Corp. stock price fell by -4.48% on the last day (Wednesday, 26th Jun 2024) from $0.670 to $0.640. It has now fallen 4 days in a row. During the last trading day the stock fluctuated 4.69% from a day low at $0.640 to a day high of $0.670. The price has fallen in 7 of the last 10 days and is down by -11.11% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -86 thousand shares and in total, 76 thousand shares were bought and sold for approximately $48.62 thousand.
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 -28.61% during the next 3 months and, with a 90% probability hold a price between $0.386 and $0.605 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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TUD.V Signals & Forecast
There are few to no technical positive signals at the moment. The Tudor Gold Corp. 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 $0.686 and $0.744. 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 08, 2024, and so far it has fallen -44.35%. 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). Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Tudor Gold Corp. 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.
This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.0300 between high and low, or 4.69%. For the last week the stock has had daily average volatility of 3.76%.
Tudor Gold Corp. is oversold on RSI14 (10). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (TUD.V) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Tudor Gold Corp. to open at $0.650, and during the day (based on 14 day Average True Range), to move between $0.609 and $0.671, which gives a possible trading interval of +/-$0.0312 (+/-4.87%) up or down from last closing price. If Tudor Gold Corp. takes out the full calculated possible swing range there will be an estimated 9.74% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $0.720, some $0.0800 (12.50%) from the current price of $0.640, our system finds the risk reward not very attractive.
Is Tudor Gold Corp. stock A Buy?
Tudor Gold Corp. holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -5.315 Strong Sell Candidate Unchanged
Predicted Opening Price for Tudor Gold Corp. of Thursday, June 27, 2024
Fair opening price June 27, 2024 | Current price |
---|---|
$0.650 ( 1.56%) | $0.640 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TUD.V
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.680 | 6.25% |
R2 | 0.669 | 4.46% |
R1 | 0.661 | 3.35% |
Price | 0.640 | |
S1 | 0.639 | -0.228% |
S2 | 0.631 | -1.33% |
S3 | 0.620 | -3.13% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.770 | 20.31% |
R2 | 0.750 | 17.19% |
R1 | 0.720 | 12.50% |
Price | 0.640 | |
S1 | 0 | - |
S2 | 0 | - |
S3 | 0 | - |
FAQ
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