Wallbridge Mining Co. Ltd. Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Wallbridge Mining Co. Ltd. stock price ended at $0.105 on Friday, after losing 0%.
(Updated on May 03, 2024)
No changes to the price of Wallbridge Mining Co. Ltd. stock on the last trading day (Friday, 3rd May 2024). During the last trading day the stock fluctuated 10.00% from a day low at $0.100 to a day high of $0.110. The price has fallen in 4 of the last 10 days and is down by -4.55% for this period.
The stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 48.67% during the next 3 months and, with a 90% probability hold a price between $0.123 and $0.176 at the end of this 3-month period.
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WM.TO Signals & Forecast
The Wallbridge Mining Co. Ltd. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $0.108. On a fall, the stock will find some support from the long-term average at approximately $0.0914. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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 Friday, April 26, 2024, and so far it has fallen -8.70%. 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 on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Wallbridge Mining Co. Ltd. stock
Wallbridge Mining Co. Ltd. finds support from accumulated volume at $0.100 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 periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.0100 between high and low, or 10.00%. For the last week the stock has had daily average volatility of 8.90%.
Our recommended stop-loss: $0.0988 (-5.90%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 5 days ago.)
Trading Expectations (WM.TO) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Wallbridge Mining Co. Ltd. to open at $0.105, and during the day (based on 14 day Average True Range), to move between $0.0965 and $0.114, which gives a possible trading interval of +/-$0.0085 (+/-8.10%) up or down from last closing price. If Wallbridge Mining Co. Ltd. takes out the full calculated possible swing range there will be an estimated 16.20% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.100 (4.76%) than the resistance at $0.110 (4.76%), 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
Wallbridge Mining Co. Ltd. will release earnings BMO on Thursday, May 09, 2024. We will update the financials statements for Wallbridge Mining Co. Ltd., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 5.82% in the first trading day after earnings release.
Is Wallbridge Mining Co. Ltd. stock A Buy?
Wallbridge Mining Co. Ltd. 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.
Current score: -0.496 Hold/Accumulate Unchanged
Predicted Opening Price for Wallbridge Mining Co. Ltd. of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $0.105 ( 0%) | $0.105 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for WM.TO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.115 | 9.52 % | |
| R2 | 0.111 | 5.89 % | ||
| R1 | 0.109 | 3.64 % | ||
| Current price: | 0.105 | |||
| Support | S1 | 0.101 | -3.64 % | |
| S2 | 0.0988 | -5.89 % | ||
| S3 | 0.0950 | -9.52 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0.115 | 9.52 % | ||
| R1 | 0.110 | 4.76 % | ||
| Current price | 0.105 | |||
| Support | S1 | 0.100 | -4.76% | |
| S2 | 0.0950 | -9.52% | ||
| S3 | 0.0800 | -23.81% |
FAQ
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