RE:RE:RE:Good volumeUS Funds
Generation Mining Limited stock upgraded to Sell Candidate. (Updated on September 16, 2021)
Sell candidate since 2021-09-10 Loss -10.20% PDF
The Generation Mining Limited stock price fell by -1.69% on the last day (Thursday, 16th Sep 2021) from $0.56 to $0.55. and has now fallen 7 days in a row. During the day the stock fluctuated 3.38% from a day low at $0.55 to a day high of $0.57. The price has fallen in 7 of the last 10 days and is down by -11.9% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -55 thousand shares and in total, 40 thousand shares were bought and sold for approximately $22.01 thousand.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -30.46% during the next 3 months and, with a 90% probability hold a price between $0.34 and $0.44 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
Signals & Forecast
There are few to no technical positive signals at the moment. The Generation Mining Limited 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 $0.59 and $0.65. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, September 03, 2021, and so far it has fallen -17.83%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 months Moving Average Convergence Divergence (MACD). Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.0186 between high and low, or 3.38%. For the last week the stock has had a daily average volatility of 5.47%.
Our recommended stop-loss: We hold an negative evaluation for this stock. No stop-loss is set.
Is Generation Mining Limited stock A Buy?
Generation Mining Limited holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -3.639
Predicted Opening Price for Generation Mining Limited of Friday, September 17, 2021
The predicted opening price is based on yesterday's movements between high, low, and the closing price.
| Fair opening price September 17, 2021 | Current price |
| $0.56 | $0.55 (Undervalued) |
Sell CandidateUpgraded