50% price gain since the beginning of 2024

The six-month chart of Canadian copper and gold explorer Aston Bay (WKN A2AUFP / TSXV BAY) shows a sideways movement in the last few months of last year, followed by a dramatic rise in January in which both average lines were overcome. Back then, already, the current price level was already reached and since then the share has tended to move sideways with fluctuations (albeit with clearly rising lows, from which the still intact blue upward trend line can be derived).

Both average lines above which the price runs are clearly rising – the 200-day line over the entire observation period, the 100-day line turned upwards in mid-February. In the near future, the 100-day line could possibly cross above the 200-day line as an additional positive factor.

The MACD indicator is attempting to generate a technical buy signal by crossing the blue line upwards through the red line – so far without success. The trend confirmator, which has been in positive territory above the neutral 100 for over four months but has been exactly at the 100 in recent days, is also still trendless – but has not yet left it to the downside. The overbought/oversold indicator was assessed as overbought at the turn of the year with its peak above the 2.0 level – it is currently at 0.4 and thus close to the neutral midpoint. The Money Flow Index (sales-weighted relative strength RSI) was also overbought in the short term near the January top with a value above 80. Since then, it has been in the zone between 60 and 70 – clearly positive but just as clearly not overheated.

Source: Comdirect

Disclaimer: GOLDINVEST Consulting GmbH publishes comments, analyses and news on https://goldinvest.de. These contents serve exclusively the information of the readers and do not represent any kind of call to action, neither explicitly nor implicitly they are to be understood as an assurance of possible price developments. Furthermore, they do not in any way replace individual expert investment advice and do not constitute an offer to sell the stock(s) discussed or a solicitation to buy or sell securities. This is expressly not a financial analysis, but an advertising / journalistic text. Readers who make investment decisions or carry out transactions on the basis of the information provided here do so entirely at their own risk. There is no contractual relationship between GOLDINVEST Consulting GmbH and its readers or the users of its offers, because our information refers only to the company, but not to the investment decision of the reader.

The acquisition of securities involves high risks, which can lead to a total loss of the invested capital. The information published by GOLDINVEST Consulting GmbH and its authors is based on careful research, however, any liability for financial loss or the content guarantee for timeliness, accuracy, adequacy and completeness of the articles offered here is expressly excluded. Please also note our terms of use.

Pursuant to §34b WpHG and §48f Abs. 5 BörseG (Austria) we would like to point out that GOLDINVEST Consulting GmbH and/or partners, principals or employees of GOLDINVEST Consulting GmbH hold shares of Aston Bay Holdings and therefore a conflict of interest exists. GOLDINVEST Consulting GmbH also reserves the right to buy or sell shares of the company at any time. Furthermore, GOLDINVEST Consulting GmbH is remunerated by Aston Bay Holdings for reporting on the company. This is another clear conflict of interest.

Latest News

Latest Videos