FAILED
2026-08-22 17:08:56
Predicted 1.5% → Actual -10.2%
Seabridge Gold Inc. reported a GAAP basis earnings per share (EPS) of C$1.09 and a net income of C$117.5M.
Based on positive earnings news and short-term volatility, if the stock price rises and reaches the profit-taking target of $33.3, I will realize the profit. Conversely, if the downward trend continues and the price falls below the stop-loss level of $23.69, I will accept the loss and exit. This profit-taking/stop-loss level is derived from the REPORTING calculation.
Based on the announcement of positive earnings news and recent price volatility, we considered entering a buy position. The candlestick on 2026-08-21 showed significant fluctuations with an opening price of 34.59, a high of 34.59, a low of 29.77, and a closing price of 30.16. Since this point, we have not provided specific numerical evidence for support or resistance levels, so our judgment is based on the flow of news and candlestick movements.
At the entry point, the technical indicators show an RSI(14) of 76.5, a non-aligned moving average, a trading volume at 0.83 times the 20-day average, and a recent 7-day volatility of +17.9%. The RSI has entered the overbought zone at 76.5, and while the moving averages are non-aligned, there has been a sharp volatility of +17.9% over the past 7 days, the trading volume remains somewhat limited at 0.83 times the 20-day average.
Despite a recent sharp fluctuation of +17.9% over the past 7 days, raising expectations alongside positive earnings news, the actual result ended at -10.2%, falling below the stop-loss threshold and concluding as FAILED. At the entry point, the RSI(14) was at 76.5, indicating an overbought condition, and the moving averages were in a non-aligned state. However, the trading volume was somewhat limited at 0.83 times the 20-day average, which was a point of concern that was not adequately heeded while focusing on short-term momentum.
Through this failure, we have learned that in an overheated phase where high RSI and non-aligned moving averages overlap, it is essential to more conservatively verify the presence of trading volume. In future similar peak periods, we will adopt a more stringent approach to stop-loss management and refrain from following short-term volatility as a practical standard.