Gold Terra Resource Corp. Stock Forecast
Red day on Friday for Gold Terra Resource Corp. stock after losing 0%
(Updated on Jun 14, 2024)
No changes to the price of Gold Terra Resource Corp. stock on the last trading day (Friday, 14th Jun 2024). During the last trading day the stock fluctuated 0% from a day low at $0.0800 to a day high of $0.0800. The price has been going up and down for this period, and there has been a 6.67% gain for the last 2 weeks.
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 25.84% during the next 3 months and, with a 90% probability hold a price between $0.0785 and $0.118 at the end of this 3-month period.
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YGT.V Signals & Forecast
The Gold Terra Resource Corp. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $0.0779 and $0.0699. A breakdown below any of these levels will issue sell signals. 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 Thursday, June 13, 2024, and so far it has fallen 0%. 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 Gold Terra Resource Corp. stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.0750 and $0.0700. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Gold Terra Resource Corp. finds support just below today's level at $0.0750. If this is broken, then the next support from accumulated volume will be at $0.0700 and $0.0650.
This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. 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 4.00%.
Our recommended stop-loss: $0.0770 (-3.74%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 5 days ago.)
Trading Expectations (YGT.V) For The Upcoming Trading Day Of Monday 17th
For the upcoming trading day on Monday, 17th we expect Gold Terra Resource Corp. to open at $0.0800, and during the day (based on 14 day Average True Range), to move between $0.0763 and $0.0837, which gives a possible trading interval of +/-$0.0037 (+/-4.68%) up or down from last closing price. If Gold Terra Resource Corp. takes out the full calculated possible swing range there will be an estimated 9.37% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $0.0750, some $0.0050 (6.25%) from the current price of $0.0800, our system finds the risk reward attractive.
Is Gold Terra Resource Corp. stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Gold Terra Resource Corp. stock to perform well in the short-term.
Current score: 3.090 Buy Candidate Unchanged
Predicted Opening Price for Gold Terra Resource Corp. of Monday, June 17, 2024
Fair opening price June 17, 2024 | Current price |
---|---|
$0.0800 ( 0%) | $0.0800 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for YGT.V
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.0800 | - |
R2 | 0.0800 | - |
R1 | 0.0800 | - |
Price | 0.0800 | |
S1 | 0.0800 | - |
S2 | 0.0800 | - |
S3 | 0.0800 | - |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0 | - |
R2 | 0 | - |
R1 | 0 | - |
Price | 0.0800 | |
S1 | 0.0750 | -6.25% |
S2 | 0.0700 | -12.50% |
S3 | 0.0650 | -18.75% |
FAQ
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