Sandstorm Gold Ltd Stock Forecast
Sandstorm Gold Ltd stock price down 4.71% on Monday
(Updated on Apr 22, 2024)
The Sandstorm Gold Ltd stock price fell by -4.71% on the last day (Monday, 22nd Apr 2024) from $5.52 to $5.26. During the last trading day the stock fluctuated 3.24% from a day low at $5.24 to a day high of $5.41. The price has fallen in 6 of the last 10 days and is down by -1.31% for this period. Volume has increased on the last day by 902 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 2 million shares were bought and sold for approximately $12.82 million.
The stock lies in the middle of a 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 26.83% during the next 3 months and, with a 90% probability hold a price between $6.20 and $7.31 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.
SAND Signals & Forecast
A sell signal was issued from a pivot top point on Tuesday, April 09, 2024, and so far it has fallen -5.90%. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. Some positive signals were issued as well, and these may have some influence on the near short-term development. The Sandstorm Gold Ltd 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 $5.35. On a fall, the stock will find some support from the long-term average at approximately $5.11. 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.
Support, Risk & Stop-loss for Sandstorm Gold Ltd stock
Sandstorm Gold Ltd finds support from accumulated volume at $5.24 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 and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.170 between high and low, or 3.24%. For the last week, the stock has had daily average volatility of 3.12%.
Our recommended stop-loss: $5.03 (-4.38%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 9 days ago.)
Trading Expectations (SAND) For The Upcoming Trading Day Of Tuesday 23rd
For the upcoming trading day on Tuesday, 23rd we expect Sandstorm Gold Ltd to open at $5.30, and during the day (based on 14 day Average True Range), to move between $5.06 and $5.46, which gives a possible trading interval of +/-$0.202 (+/-3.85%) up or down from last closing price. If Sandstorm Gold Ltd takes out the full calculated possible swing range there will be an estimated 7.70% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $5.24 (0.38%) than the resistance at $5.36 (1.90%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Sandstorm Gold Ltd stock A Buy?
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period.
Current score: 2.098 Buy Candidate Unchanged
Predicted Opening Price for Sandstorm Gold Ltd of Tuesday, April 23, 2024
Fair opening price April 23, 2024 | Current price |
---|---|
$5.30 ( 0.82%) | $5.26 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SAND
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 5.47 | 4.06 % | |
R2 | 5.41 | 2.82 % | ||
R1 | 5.37 | 2.06 % | ||
Current price: | 5.26 | |||
Support | S1 | 5.24 | -0.411 % | |
S2 | 5.20 | -1.17 % | ||
S3 | 5.13 | -2.41 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 5.51 | 4.75 % | |
R2 | 5.39 | 2.47 % | ||
R1 | 5.36 | 1.90 % | ||
Current price | 5.26 | |||
Support | S1 | 5.24 | -0.380% | |
S2 | 4.49 | -14.64% | ||
S3 | 4.04 | -23.19% |
SAND Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Apr 15, 2024 | Apr 15, 2024 | Apr 26, 2024 | $0.0148 | 0.281% |
2 | Dec 20, 2023 | Jan 16, 2024 | Jan 26, 2024 | $0.0149 | 0.319% |
3 | Dec 20, 2023 | Jan 15, 2024 | Jan 26, 2024 | $0.0149 | 0.320% |
4 | Dec 20, 2023 | Jan 12, 2024 | Jan 26, 2024 | $0.0149 | 0.319% |
5 | Sep 28, 2023 | Oct 16, 2023 | Oct 27, 2023 | $0.0150 | 0.318% |
FAQ
Click here for our free guide on how to buy Sandstorm Gold Ltd Stock.