A-Mark Precious Metals Stock Forecast
A-Mark Precious Metals stock price down 2.03% on Monday
(Updated on Apr 22, 2024)
The A-Mark Precious Metals stock price fell by -2.03% on the last day (Monday, 22nd Apr 2024) from $37.98 to $37.21. During the last trading day the stock fluctuated 1.84% from a day low at $36.92 to a day high of $37.60. The price has been going up and down for this period, and there has been a -4.69% loss for the last 2 weeks. 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 -11 thousand shares and in total, 344 thousand shares were bought and sold for approximately $12.79 million.
The stock lies in the middle of a very 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 38.69% during the next 3 months and, with a 90% probability hold a price between $43.98 and $57.97 at the end of this 3-month period.
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AMRK Signals & Forecast
The A-Mark Precious Metals 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 $37.98. On a fall, the stock will find some support from the long-term average at approximately $31.94. 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. 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. A sell signal was issued from a pivot top point on Friday, April 12, 2024, and so far it has fallen -8.51%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for A-Mark Precious Metals stock
A-Mark Precious Metals finds support from accumulated volume at $36.76 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 a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.680 between high and low, or 1.84%. For the last week, the stock has had daily average volatility of 3.39%.
Our recommended stop-loss: $35.10 (-5.68%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 6 days ago.)
Trading Expectations (AMRK) For The Upcoming Trading Day Of Tuesday 23rd
For the upcoming trading day on Tuesday, 23rd we expect A-Mark Precious Metals to open at $37.24, and during the day (based on 14 day Average True Range), to move between $35.47 and $38.95, which gives a possible trading interval of +/-$1.74 (+/-4.68%) up or down from last closing price. If A-Mark Precious Metals takes out the full calculated possible swing range there will be an estimated 9.35% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $36.76 (1.21%) than the resistance at $37.74 (1.42%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is A-Mark Precious Metals stock A Buy?
A-Mark Precious Metals holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.585 Hold/Accumulate Unchanged
Predicted Opening Price for A-Mark Precious Metals of Tuesday, April 23, 2024
Fair opening price April 23, 2024 | Current price |
---|---|
$37.24 ( 0.0896%) | $37.21 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AMRK
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 37.92 | 1.92 % | |
R2 | 37.66 | 1.22 % | ||
R1 | 37.50 | 0.788 % | ||
Current price: | 37.21 | |||
Support | S1 | 36.98 | -0.609 % | |
S2 | 36.82 | -1.04 % | ||
S3 | 36.56 | -1.74 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 39.79 | 6.93 % | |
R2 | 39.04 | 4.92 % | ||
R1 | 37.74 | 1.42 % | ||
Current price | 37.21 | |||
Support | S1 | 36.76 | -1.21% | |
S2 | 32.73 | -12.04% | ||
S3 | 28.51 | -23.38% |
AMRK Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Apr 04, 2024 | Apr 15, 2024 | Apr 29, 2024 | $0.200 | 0.537% |
2 | Jan 04, 2024 | Jan 12, 2024 | Jan 29, 2024 | $0.200 | 0.709% |
3 | Aug 31, 2023 | Oct 06, 2023 | Oct 24, 2023 | $0.200 | 0.708% |
4 | Aug 31, 2023 | Sep 11, 2023 | Sep 26, 2023 | $1.00 | 3.41% |
5 | Jul 05, 2023 | Jul 14, 2023 | Jul 28, 2023 | $0.200 | 0.493% |
FAQ
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