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.

Stronger technical forecast for Continental Gold Inc stock price after Thursday trading.
(Updated on Mar 19, 2020)

Buy or Hold candidate since Feb 26, 2020 PDF

No changes to the price of Continental Gold Inc stock on the last trading day (Thursday, 19th Mar 2020). During the last trading day the stock fluctuated 0% from a day low at $5.49 to a day high of $5.49. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks.

The stock lies in the middle of a narrow and weak 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 2.59% during the next 3 months and, with a 90% probability hold a price between $5.56 and $5.68 at the end of this 3-month period.

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

CNL.TO Signals & Forecast

The Continental Gold 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 $5.49 and $5.47. 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 Wednesday, March 18, 2020, 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 Continental Gold Inc stock

Continental Gold Inc finds support from accumulated volume at $5.46 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 between high and low, or 0%. For the last week the stock has had daily average volatility of 0%

Our recommended stop-loss: $5.28 (-3.80%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 1 day ago.)

Trading Expectations (CNL.TO) For The Upcoming Trading Day Of Friday 20th

For the upcoming trading day on Friday, 20th we expect Continental Gold Inc to open at $5.49, and during the day (based on 14 day Average True Range), to move between $5.48 and $5.50, which gives a possible trading interval of +/-$0.0101 (+/-0.18%) up or down from last closing price. If Continental Gold Inc takes out the full calculated possible swing range there will be an estimated 0.37% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $5.46, some $0.0300 (0.55%) from the current price of $5.49, our system finds the risk reward attractive.

Is Continental Gold Inc 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 Continental Gold Inc stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 1.181 Buy Candidate Upgraded

Predicted Opening Price for Continental Gold Inc of Friday, March 20, 2020

Fair opening price March 20, 2020 Current price
$5.49 ( 0.00000000%) $5.49

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

Trading levels for CNL.TO

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 5.49 0.00000000 %
R2 5.49 0.00000000 %
R1 5.49 0.00000000 %
Current price: 5.49
Support S1 5.49 0.00000000 %
S2 5.49 0.00000000 %
S3 5.49 0.00000000 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 0 .
Current price 5.49
Support S1 5.46 -0.546%
S2 5.45 -0.729%
S3 5.43 -1.09%

FAQ

What is the symbol for Continental Gold Inc Stock and on which exchange is it traded?
The symbol for Continental Gold Inc is CNL.TO and it is traded on the TSX (Toronto Stock Exchange).

Should I buy or sell Continental Gold Inc Stock?
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 Continental Gold Inc stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

How to buy Continental Gold Inc Stock?
Continental Gold 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 Continental Gold Inc Stock.

What's the current price of Continental Gold Inc Stock?
As of the end of day on the 2020-03-19, the price of an Continental Gold Inc (CNL.TO) share was $5.49.

What is the 52-week high and low for Continental Gold Inc Stock?
The 52-week high for Continental Gold Inc Stock is $5.50 and the 52-week low is $2.50.

What is the market capitalization of Continental Gold Inc Stock?
As of the 2020-03-19, the market capitalization of Continental Gold Inc is 216.298M.
Click to get the best stock tips daily for free!