International Tower Hill Mines Ltd(USA] Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Green day on Thursday for International Tower Hill Mines Ltd(USA] stock after gaining 2.23%
(Updated on Apr 25, 2024)
The International Tower Hill Mines Ltd(USA] stock price gained 2.23% on the last trading day (Thursday, 25th Apr 2024), rising from $0.640 to $0.654. During the last trading day the stock fluctuated 3.86% from a day low at $0.630 to a day high of $0.654. The price has fallen in 6 of the last 10 days and is down by -18.19% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 40 thousand more shares were traded than the day before. In total, 72 thousand shares were bought and sold for approximately $46.99 thousand.
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 25.44% during the next 3 months and, with a 90% probability hold a price between $0.758 and $1.04 at the end of this 3-month period.
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THM Signals & Forecast
International Tower Hill Mines Ltd(USA] has increased 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. The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. 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 $0.655 and $0.671. 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 -18.19%. 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 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 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 $0.0243 between high and low, or 3.86%. For the last week, the stock has had daily average volatility of 5.41%.
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 Friday 26th
For the upcoming trading day on Friday, 26th we expect International Tower Hill Mines Ltd(USA] to open at $0.646, and during the day (based on 14 day Average True Range), to move between $0.607 and $0.702, which gives a possible trading interval of +/-$0.0473 (+/-7.23%) 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 14.45% 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 (5.24%) than the resistance at $0.710 (8.51%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
International Tower Hill Mines Ltd(USA] will release earnings BMO on Friday, May 03, 2024. We will update the financials statements for International Tower Hill Mines Ltd(USA], that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 9.83% in the first trading day after earnings release.
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: -3.560 Sell Candidate Unchanged
Predicted Opening Price for International Tower Hill Mines Ltd(USA] of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $0.646 ( 1.24%) | $0.654 |
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 | 0.671 | 2.48 % | |
| R2 | 0.661 | 1.06 % | ||
| R1 | 0.655 | 0.181 % | ||
| Current price: | 0.654 | |||
| Support | S1 | 0.637 | -2.66 % | |
| S2 | 0.631 | -3.53 % | ||
| S3 | 0.622 | -4.95 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.751 | 14.78 % | |
| R2 | 0.728 | 11.19 % | ||
| R1 | 0.710 | 8.51 % | ||
| Current price | 0.654 | |||
| Support | S1 | 0.620 | -5.24% | |
| S2 | 0.620 | -5.26% | ||
| S3 | 0.610 | -6.77% |
FAQ
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![International Tower Hill Mines Ltd(USA]](/storage/logos/ithmines.com.png)
