Western Sierra Resource Corporation Stock Forecast

Red day on Tuesday for Western Sierra Resource Corporation
(Updated on Jun 25, 2024)

WSRC Signals & Forecast

A buy signal was issued from a pivot bottom point on Monday, June 17, 2024, and so far it has fallen 0%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Western Sierra Resource Corporation stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $0.0146 and $0.0127. A break-up above any of these levels will issue buy signals. 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 Western Sierra Resource Corporation stock

Western Sierra Resource Corporation finds support from accumulated volume at $0.0120 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock 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: $0.0118 (-5.74%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 26 days ago.)

Trading Expectations (WSRC) For The Upcoming Trading Day Of Wednesday 26th

For the upcoming trading day on Wednesday, 26th we expect Western Sierra Resource Corporation to open at $0.0125, and during the day (based on 14 day Average True Range), to move between $0.0080 and $0.0170, which gives a possible trading interval of +/-$0.0045 (+/-35.64%) up or down from last closing price. If Western Sierra Resource Corporation takes out the full calculated possible swing range there will be an estimated 71.28% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $0.0120, some $0.0005 (4.00%) from the current price of $0.0125, our system finds the risk reward attractive.

Is Western Sierra Resource Corporation stock A Buy?

Western Sierra Resource Corporation 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: 0.000 Hold/Accumulate Unchanged

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 Western Sierra Resource Corporation of Wednesday, June 26, 2024

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