Vista Gold Corp Stock Forecast
Vista Gold Corp stock price up 0.684% on Wednesday
(Updated on May 01, 2024)
The Vista Gold Corp stock price gained 0.684% on the last trading day (Wednesday, 1st May 2024), rising from $0.497 to $0.500. During the last trading day the stock fluctuated 3.40% from a day low at $0.497 to a day high of $0.514. The price has risen in 5 of the last 10 days but is still down by -9.02% for this period. Volume fell on the last day by -232 thousand shares and in total, 89 thousand shares were bought and sold for approximately $44.74 thousand. 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.
Given the current short-term trend, the stock is expected to rise 57.35% during the next 3 months and, with a 90% probability hold a price between $0.787 and $1.09 at the end of this 3-month period.
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VGZ Signals & Forecast
There are few to no technical positive signals at the moment. The Vista 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 $0.522 and $0.539. 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 01, 2024, and so far it has fallen -16.60%. 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 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 Vista Gold Corp stock
Vista Gold Corp finds support from accumulated volume at $0.482 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 $0.0169 between high and low, or 3.40%. For the last week the stock has had daily average volatility of 6.94%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (VGZ) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect Vista Gold Corp to open at $0.504, and during the day (based on 14 day Average True Range), to move between $0.465 and $0.536, which gives a possible trading interval of +/-$0.0354 (+/-7.07%) up or down from last closing price. If Vista Gold Corp takes out the full calculated possible swing range there will be an estimated 14.14% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.482 (3.76%) than the resistance at $0.530 (5.90%), 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, May 03, 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?
The Vista Gold Corp stock holds several negative signals and despite the positive trend, we believe Vista Gold Corp will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -3.607 Sell Candidate Unchanged
Predicted Opening Price for Vista Gold Corp of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| $0.504 ( 0.686%) | $0.500 |
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 | 0.521 | 4.06 % | |
| R2 | 0.514 | 2.77 % | ||
| R1 | 0.510 | 1.98 % | ||
| Current price: | 0.500 | |||
| Support | S1 | 0.497 | -0.604 % | |
| S2 | 0.493 | -1.40 % | ||
| S3 | 0.487 | -2.69 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.570 | 13.93 % | |
| R2 | 0.565 | 12.85 % | ||
| R1 | 0.530 | 5.90 % | ||
| Current price | 0.500 | |||
| Support | S1 | 0.482 | -3.76% | |
| S2 | 0.478 | -4.58% | ||
| S3 | 0.420 | -16.07% |
FAQ
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