Goldmoney Inc Stock Forecast
Evaluation of Goldmoney Inc stock downgraded after the last trading session.
(Updated on May 17, 2024)
The Goldmoney Inc stock price fell by -0.262% on the last day (Friday, 17th May 2024) from $5.72 to $5.70. During the last trading day the stock fluctuated 1.63% from a day low at $5.70 to a day high of $5.79. The price has been going up and down for this period, and there has been a 0.88% gain for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -2 thousand shares and in total, 4 thousand shares were bought and sold for approximately $24.51 thousand.
The stock is at the lower part of a wide and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $5.60 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Goldmoney Inc stock with a 90% probability to be traded between $5.63 and $6.61 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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XAUMF Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, May 13, 2024, and so far it has risen 1.89%. 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 Goldmoney Inc 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 $6.01. On a fall, the stock will find some support from the short-term average at $5.70. 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. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Goldmoney Inc stock
Goldmoney Inc finds support from accumulated volume at $5.69 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 $0.0930 between high and low, or 1.63%. For the last week the stock has had daily average volatility of 1.16%
Our recommended stop-loss: $5.38 (-5.61%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 4 days ago.)
Trading Expectations (XAUMF) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Goldmoney Inc to open at $5.73, and during the day (based on 14 day Average True Range), to move between $5.58 and $5.82, which gives a possible trading interval of +/-$0.115 (+/-2.02%) up or down from last closing price. If Goldmoney Inc takes out the full calculated possible swing range there will be an estimated 4.04% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $5.69 (0.18%) than the resistance at $5.76 (1.09%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Goldmoney Inc stock A Buy?
Goldmoney 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: -0.346 Hold/Accumulate Downgraded
Predicted Opening Price for Goldmoney Inc of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| $5.73 ( 0.509%) | $5.70 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for XAUMF
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.82 | 2.14 % | |
| R2 | 5.79 | 1.52 % | ||
| R1 | 5.76 | 1.13 % | ||
| Current price: | 5.70 | |||
| Support | S1 | 5.69 | -0.114 % | |
| S2 | 5.67 | -0.500 % | ||
| S3 | 5.64 | -1.12 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.87 | 3.00 % | |
| R2 | 5.84 | 2.37 % | ||
| R1 | 5.76 | 1.09 % | ||
| Current price | 5.70 | |||
| Support | S1 | 5.69 | -0.175% | |
| S2 | 5.63 | -1.23% | ||
| S3 | 5.60 | -1.81% |
XAUMF Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Nov 27, 2019 | Nov 27, 2019 | Dec 12, 2019 | $0.0030 | 0.0429% |
| 2 | Aug 19, 2019 | Aug 19, 2019 | Aug 19, 2019 | $0.0020 | 0.0243% |
FAQ
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