RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of CLLXF
Powered by GPT-4
Upgraded!
Stock Analysis
Risk Assessment
Trading Strategy

Callinex Mines Inc. stock price down 0.632% on Wednesday
(Updated on Mar 27, 2024)

Sell candidate since Mar 21, 2024 Loss -2.15% PDF

The Callinex Mines Inc. stock price fell by -0.632% on the last day (Wednesday, 27th Mar 2024) from $0.92 to $0.91. It has now fallen 5 days in a row. During the last trading day the stock fluctuated 3.43% from a day low at $0.89 to a day high of $0.92. The price has fallen in 9 of the last 10 days and is down by -8.08% for this period. Volume has increased on the last day by 2 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 15 thousand shares were bought and sold for approximately $13.24 thousand.

The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -28.69% during the next 3 months and, with a 90% probability hold a price between $0.549 and $0.691 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.

CLLXF Signals & Forecast

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 Callinex Mines Inc. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $0.93 and $0.98. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, January 19, 2024, and so far it has fallen -28.35%. Further fall is indicated until a new bottom pivot has been found. Callinex Mines Inc. gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Callinex Mines Inc. stock

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.0305 (3.43%) between high and low. For the last week, the stock has had daily average volatility of 3.75%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (CLLXF) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Callinex Mines Inc Ord to open at $0.91, and during the day (based on 14 day Average True Range), to move between $0.86 and $0.96, which gives a possible trading interval of +/-$0.0464 (+/-5.10%) up or down from last closing price. If Callinex Mines Inc Ord takes out the full calculated possible swing range there will be an estimated 10.20% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ $0.92, some $0.0090 (0.99%) from the current price of $0.91, our system finds the risk reward not very attractive.

Is Callinex Mines Inc Ord stock A Buy?

Callinex Mines Inc. holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

Current score: -3.940 Sell Candidate Unchanged

Predicted Opening Price for Callinex Mines Inc Ord of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$0.91 ( 0.386%) $0.91

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

Trading levels for CLLXF

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 0.94 2.97 %
R2 0.93 1.69 %
R1 0.92 0.90 %
Current price: 0.91
Support S1 0.89 -1.67 %
S2 0.89 -2.46 %
S3 0.88 -3.74 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 1.00 9.89 %
R2 0.95 3.97 %
R1 0.92 0.99 %
Current price 0.91
Support S1 0 .
S2 0 .
S3 0 .

FAQ

What is the symbol for Callinex Mines Inc. Stock and on which exchange is it traded?
The symbol for Callinex Mines Inc. is CLLXF and it is traded on the OTCMKTS (OTC Markets Group).

Should I buy or sell Callinex Mines Inc. Stock?
Callinex Mines Inc. holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

How to buy Callinex Mines Inc. Stock?
Callinex Mines Inc. Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Callinex Mines Inc. Stock.

What's the current price of Callinex Mines Inc. Stock?
As of the end of day on the 2024-03-27, the price of an Callinex Mines Inc. (CLLXF) share was $0.91.

What is the 52-week high and low for Callinex Mines Inc. Stock?
The 52-week high for Callinex Mines Inc. Stock is $4.00 and the 52-week low is $0.87.

What is the market capitalization of Callinex Mines Inc. Stock?
As of the 2024-03-27, the market capitalization of Callinex Mines Inc. is 15.67M.
Click to get the best stock tips daily for free!

About Callinex Mines Inc Ord

Callinex Mines. Callinex Mines Inc. engages in the acquisition, exploration, and development of mineral properties in Canada. It explores for copper, zinc, gold, and silver ores. The company's flagship project is the Nash Creek property that covers an area of 3,320 meters located in Restigouche County in northeast New Brunswick. Callinex Mines Inc. was incorporated in 2011 and is headquartered in Vancouver, Canada.... CLLXF Profile

Top Fintech Company

StockInvest.us featured in The Global Fintech Index 2020 as the top Fintech company of the country.

Full report by FINDEXABLE

ROCKIT