Auryn Resources Inc Forecast and Stock Analysis
Technical AUG.L stock analysis for March 22, 2019.
|Shorts||2.37% ( 2019-02-28 )|
Auryn Resources Inc gained 0.99% in the last trading day, rising from £101.50 to £102.50 , and has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. The price has risen in 7 of the last 10 days and is up by 7.33% over the past 2 weeks. Volume fell in the last day by -228 789 shares, and in total, 37 682 shares bought and sold for approximately £3.86 million. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.
Close price at the end of the last trading day (Friday, 22nd Mar 2019) of the AUG.L stock was £102.50. This is 0.99% more than the trading day before Thursday, 21st Mar 2019.
During day the stock fluctuated 1.48% from a day low at £101.50 to a day high of £103.00.
30 day high of the AUG.L stock price was £105.50 and low was £80.50.
90 day high was £105.50 and low was £65.00.
52 week high for the Auryn Resources Inc - £105.50 and low - £26.50.
Auryn Resources Inc lies in the middle of a 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 51.21% during the next 3 months and, with 90% probability hold a price between £141.37 and £162.68 at the end of this period.
Only positive signals in the chart today. Auryn Resources Inc holds buy signals from both short- and long-term moving averages. In addition, 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 £100.64 and £88.09. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday March 20, 2019, which indicates further gains until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and may be an early warning. The stock should be watched closely.
Relative Strength Index (RSI)
RSI14 is 63 and the stock is currently not being overbought or oversold
Support & Resistance
Auryn Resources Inc finds support from accumulated volume at £100.00.
This stock may move much during a day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved £1.50 between high and low, or 1.48%. For the last week, the stock has had a daily average volatility of 2.79%.
Our recommended stoploss: £97.13 (-5.24%) (This stock has high daily movements and this gives high risk. There is a buy signal from pivot bottom found 2 days ago.)
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Evaluation: Buy Candidate
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 this stock to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Strong Buy Candidate to a Buy Candidate.