Timberline Resources Corporation Stock Forecast
Volatile ride for
Timberline Resources Corporation stock price on Friday moving between $0.100 and $0.110
(Updated on Apr 19, 2024)
The Timberline Resources Corporation stock price gained 3.26% on the last trading day (Friday, 19th Apr 2024), rising from $0.0996 to $0.103. During the last trading day the stock fluctuated 10.06% from a day low at $0.100 to a day high of $0.110. The price has risen in 5 of the last 10 days and is up by 139.19% over the past 2 weeks. Volume fell on the last day by -48 thousand shares and in total, 398 thousand shares were bought and sold for approximately $40.99 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.
Given the current short-term trend, the stock is expected to rise 19.48% during the next 3 months and, with a 90% probability hold a price between $0.0497 and $0.123 at the end of this 3-month period.
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TLRS Signals & Forecast
The Timberline Resources Corporation 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 $0.0751 and $0.0482. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, March 04, 2024, and so far it has risen 214.53%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. 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 Timberline Resources Corporation stock
Timberline Resources Corporation finds support from accumulated volume at $0.101 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved $0.0101 between high and low, or 10.06%. For the last week the stock has had daily average volatility of 51.26%.
The Timberline Resources Corporation stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.
Our recommended stop-loss: $0.0999 (-2.86%) (This stock has very high daily movements and this gives very high risk. The RSI14 is 82 and this increases the risk substantially. There is a buy signal from a pivot bottom found 33 days ago.)
Trading Expectations (TLRS) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect Timberline Resources Corporation to open at $0.104, and during the day (based on 14 day Average True Range), to move between $0.0923 and $0.113, which gives a possible trading interval of +/-$0.0105 (+/-10.23%) up or down from last closing price. If Timberline Resources Corporation takes out the full calculated possible swing range there will be an estimated 20.46% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $0.101, some $0.0023 (2.28%) from the current price of $0.103, our system finds the risk reward attractive.
Is Timberline Resources Corporation 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 Timberline Resources Corporation stock to perform well in the short-term.
Current score: 3.400 Buy Candidate Unchanged
Predicted Opening Price for Timberline Resources Corporation of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| $0.104 ( 1.41%) | $0.103 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TLRS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.114 | 11.19 % | |
| R2 | 0.111 | 7.46 % | ||
| R1 | 0.108 | 5.15 % | ||
| Current price: | 0.103 | |||
| Support | S1 | 0.100 | -2.32 % | |
| S2 | 0.0981 | -4.63 % | ||
| S3 | 0.0942 | -8.37 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 0.103 | |||
| Support | S1 | 0.101 | -2.28% | |
| S2 | 0.0996 | -3.16% | ||
| S3 | 0.0980 | -4.72% |
FAQ
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