A-Mark Precious Metals Stock Forecast
A-Mark Precious Metals stock price up 0.84% on Thursday
(Updated on Apr 25, 2024)
The A-Mark Precious Metals stock price gained 0.84% on the last trading day (Thursday, 25th Apr 2024), rising from $38.22 to $38.54. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 4.25% from a day low at $37.60 to a day high of $39.20. The price has risen in 6 of the last 10 days but is still down by -3.77% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 116 thousand more shares were traded than the day before. In total, 415 thousand shares were bought and sold for approximately $15.98 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 46.14% during the next 3 months and, with a 90% probability hold a price between $48.06 and $62.29 at the end of this 3-month period.
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AMRK Signals & Forecast
The A-Mark Precious Metals stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $37.62 and $32.84. A breakdown below any of these levels will issue sell signals. Volume is rising along with the price. This is considered to be a good technical signal. 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 -5.24%. 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).
Support, Risk & Stop-loss for A-Mark Precious Metals stock
A-Mark Precious Metals finds support from accumulated volume at $37.74 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 much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $1.60 between high and low, or 4.25%. For the last week, the stock has had daily average volatility of 3.58%.
Our recommended stop-loss: $36.68 (-4.83%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 9 days ago.)
Trading Expectations (AMRK) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect A-Mark Precious Metals to open at $38.45, and during the day (based on 14 day Average True Range), to move between $36.85 and $40.23, which gives a possible trading interval of +/-$1.69 (+/-4.39%) 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 8.79% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $39.04 (1.30%) than the support at $37.74 (2.08%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is A-Mark Precious Metals stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for A-Mark Precious Metals stock to perform well in the short-term.
Current score: 2.528 Buy Candidate Unchanged
Predicted Opening Price for A-Mark Precious Metals of Friday, April 26, 2024
Fair opening price April 26, 2024 | Current price |
---|---|
$38.45 ( 0.243%) | $38.54 |
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 | 40.05 | 3.91 % | |
R2 | 39.43 | 2.32 % | ||
R1 | 39.06 | 1.34 % | ||
Current price: | 38.54 | |||
Support | S1 | 37.84 | -1.83 % | |
S2 | 37.46 | -2.81 % | ||
S3 | 36.85 | -4.39 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 40.67 | 5.53 % | |
R2 | 39.79 | 3.24 % | ||
R1 | 39.04 | 1.30 % | ||
Current price | 38.54 | |||
Support | S1 | 37.74 | -2.08% | |
S2 | 37.50 | -2.70% | ||
S3 | 36.76 | -4.62% |
AMRK Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Apr 04, 2024 | Apr 15, 2024 | Apr 29, 2024 | $0.200 | 0.519% |
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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