Volcanic Gold Mines Inc. Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Volatile ride for Volcanic Gold Mines Inc. stock price on Friday moving between $0.0800 and $0.0900
(Updated on May 31, 2024)
The Volcanic Gold Mines Inc. stock price fell by -5.88% on the last day (Friday, 31st May 2024) from $0.0850 to $0.0800. During the last trading day the stock fluctuated 12.50% from a day low at $0.0800 to a day high of $0.0900. The price has fallen in 5 of the last 10 days and is down by -40.74% for this period. Volume has increased on the last day by 54 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, 112 thousand shares were bought and sold for approximately $8.97 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 -47.51% during the next 3 months and, with a 90% probability hold a price between $0.0247 and $0.107 at the end of this 3-month period.
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VG.V Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, May 23, 2024, and so far it has risen 23.08%. Further rise is indicated until a new top pivot has been found. 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. The Volcanic Gold Mines Inc. stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $0.157. On a fall, the stock will find some support from the short-term average at $0.0779. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Volcanic Gold Mines 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 Volcanic Gold Mines Inc. stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.0750 and $0.0650. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $0.0650 may give a huge drop in the stock price.
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 $0.0100 between high and low, or 12.50%. For the last week, the stock has had daily average volatility of 10.33%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (VG.V) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect Volcanic Gold Mines Inc. to open at $0.0833, and during the day (based on 14 day Average True Range), to move between $0.0640 and $0.0960, which gives a possible trading interval of +/-$0.0160 (+/-19.97%) up or down from last closing price. If Volcanic Gold Mines Inc. takes out the full calculated possible swing range there will be an estimated 39.93% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0850 (6.25%) than the support at $0.0750 (6.25%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Volcanic Gold Mines Inc. stock A Buy?
Volcanic Gold Mines 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.
Current score: -2.586 Sell Candidate Unchanged
Predicted Opening Price for Volcanic Gold Mines Inc. of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| $0.0833 ( 4.17%) | $0.0800 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VG.V
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0933 | 16.67 % | |
| R2 | 0.0895 | 11.89 % | ||
| R1 | 0.0872 | 8.94 % | ||
| Current price: | 0.0800 | |||
| Support | S1 | 0.0795 | -0.608 % | |
| S2 | 0.0772 | -3.56 % | ||
| S3 | 0.0733 | -8.33 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0.0850 | 6.25 % | ||
| Current price | 0.0800 | |||
| Support | S1 | 0.0750 | -6.25% | |
| S2 | 0.0650 | -18.75% | ||
| S3 | 0 | . |
FAQ
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