White Gold Corp. Stock Forecast

White Gold Corp. stock price ended at $0.260 on Friday, after losing 0%.
(Updated on Jun 28, 2024)

WGO.V Signals & Forecast

A buy signal was issued from a pivot bottom point on Wednesday, June 26, 2024, and so far it has risen 8.33%. 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). 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. The White Gold Corp. 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 $0.311. On a fall, the stock will find some support from the short-term average at $0.253. 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.

Support, Risk & Stop-loss for White Gold Corp. stock

White Gold Corp. finds support from accumulated volume at $0.250 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

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 $0.0200 between high and low, or 8.33%. For the last week, the stock has had daily average volatility of 2.48%.

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

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

For the upcoming trading day on Tuesday, 2nd we expect White Gold Corp. to open at $0.253, and during the day (based on 14 day Average True Range), to move between $0.243 and $0.277, which gives a possible trading interval of +/-$0.0167 (+/-6.44%) up or down from last closing price. If White Gold Corp. takes out the full calculated possible swing range there will be an estimated 12.88% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.250 (3.85%) than the resistance at $0.305 (17.31%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is White Gold Corp. stock A Buy?

White Gold Corp. 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: -3.065 Sell Candidate Unchanged

Predicted Opening Price for White Gold Corp. of Tuesday, July 2, 2024

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