Vista Gold Corp Stock Forecast
Vista Gold Corp stock downgraded to Hold/Accumulate
(Updated on Apr 26, 2024)
The Vista Gold Corp stock price fell by -2.78% on the last day (Friday, 26th Apr 2024) from $0.555 to $0.539. During the last trading day the stock fluctuated 6.12% from a day low at $0.523 to a day high of $0.555. The price has fallen in 5 of the last 10 days and is down by -5.39% 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 -131 thousand shares and in total, 87 thousand shares were bought and sold for approximately $47.01 thousand.
The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.510 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 64.21% during the next 3 months and, with a 90% probability hold a price between $0.84 and $1.12 at the end of this 3-month period.
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VGZ Signals & Forecast
The Vista Gold Corp stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $0.531 and $0.534. A breakdown below any of these levels will issue sell signals. 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 Monday, April 01, 2024, and so far it has fallen -10.10%. 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 Vista Gold Corp stock
Vista Gold Corp finds support from accumulated volume at $0.530 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.0320 between high and low, or 6.12%. For the last week the stock has had daily average volatility of 7.58%.
Our recommended stop-loss: $0.515 (-4.48%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 19 days ago.)
Trading Expectations (VGZ) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Vista Gold Corp to open at $0.539, and during the day (based on 14 day Average True Range), to move between $0.503 and $0.576, which gives a possible trading interval of +/-$0.0367 (+/-6.81%) up or down from last closing price. If Vista Gold Corp takes out the full calculated possible swing range there will be an estimated 13.62% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.530 (1.76%) than the resistance at $0.565 (4.69%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Vista Gold Corp will release earnings BMO on Friday, April 26, 2024. We will update the financials statements for Vista Gold Corp, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 6.13% in the first trading day after earnings release.
Is Vista Gold Corp stock A Buy?
Vista Gold Corp holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. 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 Hold/Accumulate candidate.
Current score: 0.030 Hold/Accumulate Downgraded
Predicted Opening Price for Vista Gold Corp of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $0.539 ( 0.0494%) | $0.539 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VGZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.571 | 5.88 % | |
| R2 | 0.559 | 3.62 % | ||
| R1 | 0.551 | 2.22 % | ||
| Current price: | 0.539 | |||
| Support | S1 | 0.527 | -2.32 % | |
| S2 | 0.519 | -3.72 % | ||
| S3 | 0.507 | -5.98 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.600 | 11.23 % | |
| R2 | 0.570 | 5.69 % | ||
| R1 | 0.565 | 4.69 % | ||
| Current price | 0.539 | |||
| Support | S1 | 0.530 | -1.76% | |
| S2 | 0.482 | -10.72% | ||
| S3 | 0.420 | -22.14% |
FAQ
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