ValOre Metals Corp. Stock Forecast

Red day on Friday for ValOre Metals Corp.
(Updated on Jun 28, 2024)

VO.V Signals & Forecast

Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". The very low volume increases the risk and reduces the other technical signals issued. 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 -27.78%. 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).

Support, Risk & Stop-loss for ValOre Metals Corp. stock

On the downside, the stock finds support just below today's level from accumulated volume at $0.0600 and $0.0550. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, ValOre Metals Corp. finds support just below today's level at $0.0600. If this is broken, then the next support from accumulated volume will be at $0.0550 and $0.0500.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band 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 15.77%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (VO.V) For The Upcoming Trading Day Of Tuesday 2nd

For the upcoming trading day on Tuesday, 2nd we expect ValOre Metals Corp. to open at $0.0650, and during the day (based on 14 day Average True Range), to move between $0.0573 and $0.0727, which gives a possible trading interval of +/-$0.0077 (+/-11.89%) up or down from last closing price. If ValOre Metals Corp. takes out the full calculated possible swing range there will be an estimated 23.78% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.0700 (7.69%) than the support at $0.0600 (7.69%), 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 ValOre Metals Corp. stock A Buy?

The ValOre Metals Corp. stock holds several negative signals and despite the positive trend, we believe ValOre Metals Corp. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -4.604 Sell Candidate Unchanged

Predicted Opening Price for ValOre Metals Corp. of Tuesday, July 2, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.