VOLUME
Buy
TREND
Buy
MV LONG
Buy

MV SHORT
Buy

PIVOT
Buy

MACD
Sell

THM Forecast and Technical Stock Analysis

Buy candidate since 2019-07-15 Gain 14.72%

International Tower Hill Mines Ltd(USA] gained 8.42% in the last trading day ( Thursday, 18th Jul 2019 ), rising from $0.58 to $0.63 , and has now gained 5 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 day the stock fluctuated 10.86% from a day low at $0.57 to a day high of $0.63. The price has been going up and down for this period, and there has been a 4.32% gain for the last 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 322 777 more shares were traded than the day before. In total, 453 689 shares bought and sold for approximately $283 873.00.

Quick summary:

  • 30 day high of the THM stock price was $0.63 and low was $0.51.
  • 90 day high was $0.63 and low was $0.44.
  • 52 week high for the International Tower Hill Mines Ltd(USA] - $0.68 and low - $0.35.
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Trend

International Tower Hill Mines Ltd(USA] lies in the upper part of a wide and strong rising trend in the short term, and this will normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $0.63 will firstly indicate a stronger raising rate. Given the current short-term trend, the stock is expected to rise 30.61% during the next 3 months and, with 90% probability hold a price between $0.70 and $0.83 at the end of this period.

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Signals

Only positive signals in the chart today. International Tower Hill Mines Ltd(USA] holds buy signals from both short- and long-term moving averages. In addition, 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 $0.57 and $0.55. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday July 12, 2019, which indicates further gains until a new top pivot has been found. International Tower Hill Mines Ltd(USA] has rising volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk.

A sell signal from a double top formation was found on Wednesday July 10, 2019 and based on theory for this formation the price should fall by -0.04% to $0.56 within 4 trading days since signal was issued (Tuesday July 16, 2019).

Relative Strength Index (RSI)

RSImin/max Values: [ 25 - 75 ]

RSI14 is 61 and the stock is currently not being overbought or oversold

* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.

Support & Resistance

On the downside, the stock finds support just below today's level from accumulated volume at $0.59 and $0.58.

There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, International Tower Hill Mines Ltd(USA] finds support just below today's level at $0.59. If this is broken, then the next support from accumulated volume will be at $0.58 and $0.52.

Support: $0.59 Price: $0.63

Risk

This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $0.06 (10.86%) between high and low. For the last week, the stock has had a daily average volatility of 7.53%.

Our recommended stoploss: $0.60 (-4.17%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 4 days ago.)

7.53 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Strong Buy Candidate Upgraded

Evaluation

International Tower Hill Mines Ltd(USA] holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our recommendation for this stock since last evaluation from a Buy Candidate to a Strong Buy Candidate.

Will THM stock price go up or down on Mon, 22 Jul 2019?

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