Windfall Geotek Inc. Stock Forecast
On Friday, Windfall Geotek Inc. stock price gained an impressive 12.19%
(Updated on May 17, 2024)
The Windfall Geotek Inc. stock price gained 12.19% on the last trading day (Friday, 17th May 2024), rising from $0.0201 to $0.0226. During the last trading day the stock fluctuated 0% from a day low at $0.0226 to a day high of $0.0226. The price has been going up and down for this period, and there has been a -9.8% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 225 more shares were traded than the day before. In total, 225 shares were bought and sold for approximately $5.07 .
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -20.30% during the next 3 months and, with a 90% probability hold a price between $0.0109 and $0.0239 at the end of this 3-month period.
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WINKF Signals & Forecast
The Windfall Geotek Inc. 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 $0.0205 and $0.0218. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Windfall Geotek Inc. 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. A sell signal was issued from a pivot top point on Wednesday, March 27, 2024, and so far it has fallen -30.72%. Further fall is indicated until a new bottom pivot has been found.
A buy signal from a double bottom formation was found on Tuesday, March 12, 2024 and based on theory for this formation the price should go up by 93.44% to $0.0436 within 5 trading days since signal was issued (Monday, May 20, 2024).
Support, Risk & Stop-loss for Windfall Geotek Inc. stock
Windfall Geotek Inc. finds support from accumulated volume at $0.0221 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 and with good trading volume, the risk is considered to be medium. 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 0%.
Our recommended stop-loss: $0.0212 (-5.80%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 36 days ago.)
Trading Expectations (WINKF) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Windfall Geotek Inc. to open at $0.0226, and during the day (based on 14 day Average True Range), to move between $0.0211 and $0.0240, which gives a possible trading interval of +/-$0.0015 (+/-6.43%) up or down from last closing price. If Windfall Geotek Inc. takes out the full calculated possible swing range there will be an estimated 12.87% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0230 (2.00%) than the support at $0.0221 (2.00%), 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 Windfall Geotek Inc. stock A Buy?
Windfall Geotek Inc. 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.000 Hold/Accumulate Upgraded
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Windfall Geotek Inc. of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| $0.0226 ( 0%) | $0.0226 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for WINKF
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0226 | . | |
| R2 | 0.0226 | . | ||
| R1 | 0.0226 | . | ||
| Current price: | 0.0226 | |||
| Support | S1 | 0.0226 | . | |
| S2 | 0.0226 | . | ||
| S3 | 0.0226 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0270 | 19.73 % | |
| R2 | 0.0250 | 10.86 % | ||
| R1 | 0.0230 | 2.00 % | ||
| Current price | 0.0226 | |||
| Support | S1 | 0.0221 | -2.00% | |
| S2 | 0.0205 | -9.09% | ||
| S3 | 0.0201 | -10.86% |
FAQ
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