BONTERRA RES INC Stock Forecast

BONTERRA RES INC stock price fell more than -9.53% Thursday closing at $0.206
(Updated on Apr 25, 2024)

BONXF Signals & Forecast

The BONTERRA RES INC 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 $0.202 and $0.194. 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 Monday, April 08, 2024, and so far it has fallen -14.21%. 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 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. The stock had a Golden Star Signal on Friday, January 19, 2024 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for BONTERRA RES INC stock

BONTERRA RES INC finds support from accumulated volume at $0.203 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 $0.0153 between high and low, or 8.03%. For the last week the stock has had daily average volatility of 12.49%.

Our recommended stop-loss: $0.193 (-6.07%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 13 days ago.)

Trading Expectations (BONXF) For The Upcoming Trading Day Of Friday 26th

For the upcoming trading day on Friday, 26th we expect BONTERRA RES INC to open at $0.201, and during the day (based on 14 day Average True Range), to move between $0.184 and $0.228, which gives a possible trading interval of +/-$0.0217 (+/-10.54%) up or down from last closing price. If BONTERRA RES INC takes out the full calculated possible swing range there will be an estimated 21.08% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.203 (1.41%) than the resistance at $0.210 (1.99%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is BONTERRA RES INC stock A Buy?

BONTERRA RES 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: 0.677 Hold/Accumulate Downgraded

Predicted Opening Price for BONTERRA RES INC of Friday, April 26, 2024

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