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Big movements in Hycroft Mining Holding Corporation stock price on Monday moving 51.90% between high and low

StockInvest.us, 1 month ago


The Hycroft Mining Holding Corporation stock price gained 81.25% on the last trading day (Monday, 28th Mar 2022), rising from $1.28 to $2.32. During the day the stock fluctuated 51.90% from a day low at $1.58 to a day high of $2.40. The price has been going up and down for this period, and there has been a 66.91% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 326 million more shares were traded than the day before. In total, 390 million shares were bought and sold for approximately $905.61 million.

On Nov 10, 2021 "BMO Capital Markets" gave "" rating for HYMC. The price target was changed from $1.04 to 38.1%.

Given the current short-term trend, the stock is expected to rise 62.25% during the next 3 months and, with a 90% probability hold a price between $1.02 and $3.76 at the end of this 3-month period.

Hycroft Mining Holding Corporation

Mostly positive signals in the chart today. The Hycroft Mining Holding Corporation 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 $1.44 and $0.79. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, February 23, 2022, and so far it has risen 691.81%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.

On the downside, the stock finds support just below today's level from accumulated volume at $1.88.With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $0 may give a huge drop in the stock price.

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 $0.82 between high and low, or 51.90%. For the last week, the stock has had a daily average volatility of 26.46%.

Hycroft Mining Holding Corporation holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.

Check full Hycroft Mining Holding Corporation forecast and analysis here.