International Tower Hill Mines Ltd(USA] Stock Forecast
International Tower Hill Mines Ltd(USA] stock price up 0.91% on Wednesday
(Updated on Apr 24, 2024)
The International Tower Hill Mines Ltd(USA] stock price gained 0.91% on the last trading day (Wednesday, 24th Apr 2024), rising from $0.634 to $0.640. During the last trading day the stock fluctuated 2.42% from a day low at $0.625 to a day high of $0.640. The price has fallen in 6 of the last 10 days and is down by -12.33% for this period. Volume fell on the last day by -28 thousand shares and in total, 31 thousand shares were bought and sold for approximately $20.10 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.603 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 26.00% during the next 3 months and, with a 90% probability hold a price between $0.760 and $1.04 at the end of this 3-month period.
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THM Signals & Forecast
There are few to no technical positive signals at the moment. The International Tower Hill Mines Ltd(USA] 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 $0.658 and $0.670. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, April 11, 2024, and so far it has fallen -19.98%. 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 during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for International Tower Hill Mines Ltd(USA] stock
International Tower Hill Mines Ltd(USA] finds support from accumulated volume at $0.620 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.0151 between high and low, or 2.42%. For the last week the stock has had daily average volatility of 4.94%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (THM) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect International Tower Hill Mines Ltd(USA] to open at $0.635, and during the day (based on 14 day Average True Range), to move between $0.591 and $0.689, which gives a possible trading interval of +/-$0.0490 (+/-7.66%) up or down from last closing price. If International Tower Hill Mines Ltd(USA] takes out the full calculated possible swing range there will be an estimated 15.32% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.620 (3.13%) than the resistance at $0.710 (10.94%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is International Tower Hill Mines Ltd(USA] stock A Buy?
The International Tower Hill Mines Ltd(USA] stock holds several negative signals and despite the positive trend, we believe International Tower Hill Mines Ltd(USA] will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -4.223 Sell Candidate Unchanged
Predicted Opening Price for International Tower Hill Mines Ltd(USA] of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| $0.635 ( 0.766%) | $0.640 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for THM
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.650 | 1.59 % | |
| R2 | 0.644 | 0.692 % | ||
| R1 | 0.641 | 0.136 % | ||
| Current price: | 0.640 | |||
| Support | S1 | 0.629 | -1.67 % | |
| S2 | 0.626 | -2.22 % | ||
| S3 | 0.620 | -3.13 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.751 | 17.34 % | |
| R2 | 0.728 | 13.67 % | ||
| R1 | 0.710 | 10.94 % | ||
| Current price | 0.640 | |||
| Support | S1 | 0.620 | -3.13% | |
| S2 | 0.620 | -3.14% | ||
| S3 | 0.610 | -4.69% |
FAQ
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![International Tower Hill Mines Ltd(USA]](/storage/logos/ithmines.com.png)
