RSI low/high Values: [ 20 - 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 MNDJF
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MANDALAY RES CORP stock downgraded to Sell Candidate
(Updated on Mar 28, 2024)

Sell candidate since Mar 28, 2024 PDF

The MANDALAY RES CORP stock price fell by -1.79% on the last day (Thursday, 28th Mar 2024) from $1.12 to $1.10. During the last trading day the stock fluctuated 1.08% from a day low at $1.10 to a day high of $1.11. The price has been going up and down for this period, and there has been a -8.33% loss for the last 2 weeks. Volume has increased on the last day by 62 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, 69 thousand shares were bought and sold for approximately $75.46 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 -21.92% during the next 3 months and, with a 90% probability hold a price between $0.717 and $0.91 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.

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MNDJF Signals & Forecast

A buy signal was issued from a pivot bottom point on Wednesday, February 28, 2024, and so far it has risen 6.80%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The MANDALAY RES CORP stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $1.12 and $1.11. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). MANDALAY RES CORP 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 MANDALAY RES CORP stock

MANDALAY RES CORP finds support from accumulated volume at $1.09 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.0119 between high and low, or 1.08%. For the last week, the stock has had daily average volatility of 1.33%.

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

Trading Expectations (MNDJF) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect MANDALAY RES CORP to open at $1.10, and during the day (based on 14 day Average True Range), to move between $1.08 and $1.12, which gives a possible trading interval of +/-$0.0242 (+/-2.20%) up or down from last closing price. If MANDALAY RES CORP takes out the full calculated possible swing range there will be an estimated 4.40% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $1.09 (0.91%) than the resistance at $1.12 (1.82%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is MANDALAY RES CORP stock A Buy?

MANDALAY RES CORP 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. 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 Sell candidate.

Current score: -2.337 Sell Candidate Downgraded

Predicted Opening Price for MANDALAY RES CORP of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$1.10 ( 0.246%) $1.10

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

Trading levels for MNDJF

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 1.11 1.33 %
R2 1.11 0.91 %
R1 1.11 0.659 %
Current price: 1.10
Support S1 1.10 -0.167 %
S2 1.10 -0.423 %
S3 1.09 -0.84 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 1.21 10.00 %
R2 1.19 8.18 %
R1 1.12 1.82 %
Current price 1.10
Support S1 1.09 -0.91%
S2 1.08 -1.82%
S3 1.05 -4.55%

MNDJF Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 May 17, 2017 May 17, 2017 Jun 01, 2017 $0.0610 1.45%
2 Feb 23, 2017 Feb 23, 2017 Feb 23, 2017 $0.0400 0.798%
3 Nov 09, 2016 Nov 09, 2016 Nov 09, 2016 $0.0600 0.91%
4 Aug 18, 2016 Aug 18, 2016 Aug 18, 2016 $0.0700 0.83%
5 May 19, 2016 May 19, 2016 May 19, 2016 $0.0700 0.92%

FAQ

What is the symbol for MANDALAY RES CORP Stock and on which exchange is it traded?
The symbol for MANDALAY RES CORP is MNDJF and it is traded on the PINK (Pink Sheets).

Should I buy or sell MANDALAY RES CORP Stock?
MANDALAY RES CORP 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. 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 Sell candidate.

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

What's the current price of MANDALAY RES CORP Stock?
As of the end of day on the 2024-03-28, the price of an MANDALAY RES CORP (MNDJF) share was $1.10.

What is the 52-week high and low for MANDALAY RES CORP Stock?
The 52-week high for MANDALAY RES CORP Stock is $2.13 and the 52-week low is $1.00.

What is the market capitalization of MANDALAY RES CORP Stock?
As of the 2024-03-28, the market capitalization of MANDALAY RES CORP is 102.216M.

When is the next earnings date for MANDALAY RES CORP?
The upcoming earnings date for MANDALAY RES CORP is May 08, 2024.
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About MANDALAY RES CORP

MANDALAY RES CORP Mandalay Resources Corporation, a natural resource company, engages in the acquisition, exploration, extraction, processing, and reclamation of mineral properties. It explores for gold, silver, and antimony deposits. The company primarily holds 100% interests in the Costerfield gold-antimony mine located in Central Victoria, Australia; and the Björkdal gold mine located in Västerbotten County in northern Sweden. The company was incorporated in ... MNDJF Profile

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