International Tower Hill Mines Ltd(USA] Stock Forecast
International Tower Hill Mines Ltd(USA] stock downgraded to Hold/Accumulate
(Updated on Apr 18, 2024)
The International Tower Hill Mines Ltd(USA] stock price gained 0.99% on the last trading day (Thursday, 18th Apr 2024), rising from $0.663 to $0.670. During the last trading day the stock fluctuated 1.52% from a day low at $0.660 to a day high of $0.670. The price has fallen in 6 of the last 10 days and is down by -2.17% for this period. Volume fell on the last day by -40 thousand shares and in total, 51 thousand shares were bought and sold for approximately $33.96 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 middle of a very 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 29.26% during the next 3 months and, with a 90% probability hold a price between $0.776 and $1.05 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.
THM Signals & Forecast
The International Tower Hill Mines Ltd(USA] stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $0.710. On a fall, the stock will find some support from the long-term average at approximately $0.660. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell 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 Thursday, April 11, 2024, and so far it has fallen -16.24%. 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
On the downside, the stock finds support just below today's level from accumulated volume at $0.620 and $0.620. There is a 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 $0.620. If this is broken, then the next support from accumulated volume will be at $0.620 and $0.610.
This stock may move much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.0100 between high and low, or 1.52%. For the last week the stock has had daily average volatility of 8.24%.
Our recommended stop-loss: $0.633 (-5.56%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 5 days ago.)
Trading Expectations (THM) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect International Tower Hill Mines Ltd(USA] to open at $0.667, and during the day (based on 14 day Average True Range), to move between $0.616 and $0.723, which gives a possible trading interval of +/-$0.0535 (+/-7.98%) 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 15.96% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.710 (5.98%) than the support at $0.620 (7.46%), 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.
Is International Tower Hill Mines Ltd(USA] stock A Buy?
International Tower Hill Mines Ltd(USA] holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. 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 Hold/Accumulate candidate.
Current score: 0.587 Hold/Accumulate Downgraded
Predicted Opening Price for International Tower Hill Mines Ltd(USA] of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $0.667 ( 0.493%) | $0.670 |
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 | 0.677 | 1.00 % | |
| R2 | 0.673 | 0.430 % | ||
| R1 | 0.670 | 0.0776 % | ||
| Current price: | 0.670 | |||
| Support | S1 | 0.663 | -1.06 % | |
| S2 | 0.660 | -1.42 % | ||
| S3 | 0.657 | -1.99 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.751 | 12.10 % | |
| R2 | 0.728 | 8.59 % | ||
| R1 | 0.710 | 5.98 % | ||
| Current price | 0.670 | |||
| Support | S1 | 0.620 | -7.46% | |
| S2 | 0.620 | -7.47% | ||
| S3 | 0.610 | -8.95% |
FAQ
Click here for our free guide on how to buy International Tower Hill Mines Ltd(USA] Stock.
![International Tower Hill Mines Ltd(USA]](/storage/logos/ithmines.com.png)
