WhiteHawk Limited Stock Forecast

Strong day for WhiteHawk Limited stock price on Friday rising 6.25% to $0.0170
(Updated on May 17, 2024)

WHK.AX Signals & Forecast

WhiteHawk Limited has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. 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 WhiteHawk Limited 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 $0.0170 and $0.0173. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, March 04, 2024, and so far it has fallen -67.92%. 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 WhiteHawk Limited stock

On the downside, the stock finds support just below today's level from accumulated volume at $0.0160. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $ may give a huge drop in the stock price.

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 $0.0010 between high and low, or 6.25%. For the last week, the stock has had daily average volatility of 7.43%.

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

Trading Expectations (WHK.AX) For The Upcoming Trading Day Of Monday 20th

For the upcoming trading day on Monday, 20th we expect WhiteHawk Limited to open at $0.0167, and during the day (based on 14 day Average True Range), to move between $0.0154 and $0.0186, which gives a possible trading interval of +/-$0.0016 (+/-9.55%) up or down from last closing price. If WhiteHawk Limited takes out the full calculated possible swing range there will be an estimated 19.10% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.0180 (5.88%) than the support at $0.0160 (5.88%), 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 WhiteHawk Limited stock A Buy?

WhiteHawk Limited holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

Current score: -2.434 Sell Candidate Unchanged

Predicted Opening Price for WhiteHawk Limited of Monday, May 20, 2024

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