Sandstorm Gold Ltd Stock Forecast
Green day on Thursday for Sandstorm Gold Ltd stock after gaining 2.23%
(Updated on Apr 25, 2024)
The Sandstorm Gold Ltd stock price gained 2.23% on the last trading day (Thursday, 25th Apr 2024), rising from $5.37 to $5.49. It 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. During the last trading day the stock fluctuated 4.04% from a day low at $5.32 to a day high of $5.54. The price has risen in 6 of the last 10 days and is up by 0.73% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 990 thousand more shares were traded than the day before. In total, 3 million shares were bought and sold for approximately $14.83 million.
The stock 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 30.82% during the next 3 months and, with a 90% probability hold a price between $6.63 and $7.66 at the end of this 3-month period.
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SAND Signals & Forecast
The Sandstorm Gold Ltd 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 $5.40 and $5.18. A breakdown below any of these levels will issue sell signals. Volume is rising along with the price. This is considered to be a good technical signal. 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 Tuesday, April 09, 2024, and so far it has fallen -1.79%. 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).
Support, Risk & Stop-loss for Sandstorm Gold Ltd stock
Sandstorm Gold Ltd finds support from accumulated volume at $5.36 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 $0.215 (4.04%) between high and low. For the last week, the stock has had daily average volatility of 3.21%.
Our recommended stop-loss: $5.26 (-4.27%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 12 days ago.)
Trading Expectations (SAND) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Sandstorm Gold Ltd to open at $5.45, and during the day (based on 14 day Average True Range), to move between $5.29 and $5.69, which gives a possible trading interval of +/-$0.195 (+/-3.56%) up or down from last closing price. If Sandstorm Gold Ltd takes out the full calculated possible swing range there will be an estimated 7.12% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $5.51 (0.36%) than the support at $5.36 (2.37%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Earnings coming up
Sandstorm Gold Ltd will release earnings AMC on Thursday, May 02, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.0100. We will update the financials statements for Sandstorm Gold Ltd, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 3.71% in the first trading day after earnings release.
Is Sandstorm Gold Ltd 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 Sandstorm Gold Ltd stock to perform well in the short-term.
Current score: 2.956 Buy Candidate Unchanged
Predicted Opening Price for Sandstorm Gold Ltd of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $5.45 ( 0.759%) | $5.49 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SAND
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.66 | 3.16 % | |
| R2 | 5.58 | 1.66 % | ||
| R1 | 5.53 | 0.737 % | ||
| Current price: | 5.49 | |||
| Support | S1 | 5.37 | -2.25 % | |
| S2 | 5.32 | -3.18 % | ||
| S3 | 5.23 | -4.68 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.59 | 1.82 % | |
| R2 | 5.52 | 0.546 % | ||
| R1 | 5.51 | 0.364 % | ||
| Current price | 5.49 | |||
| Support | S1 | 5.36 | -2.37% | |
| S2 | 5.24 | -4.55% | ||
| S3 | 4.49 | -18.21% |
SAND Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 15, 2024 | Apr 15, 2024 | Apr 26, 2024 | $0.0148 | 0.269% |
| 2 | Dec 20, 2023 | Jan 16, 2024 | Jan 26, 2024 | $0.0149 | 0.319% |
| 3 | Dec 20, 2023 | Jan 15, 2024 | Jan 26, 2024 | $0.0149 | 0.320% |
| 4 | Dec 20, 2023 | Jan 12, 2024 | Jan 26, 2024 | $0.0149 | 0.319% |
| 5 | Sep 28, 2023 | Oct 16, 2023 | Oct 27, 2023 | $0.0150 | 0.318% |
FAQ
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