High volatility in Hycroft Mining Holding Corporation stock price on Wednesday which ended trading at $2.17StockInvest.us, 1 month ago
The Hycroft Mining Holding Corporation stock price gained 8.79% on the last trading day (Wednesday, 13th Apr 2022), rising from $1.99 to $2.17. During the day the stock fluctuated 14.87% from a day low at $1.95 to a day high of $2.24. The price has fallen in 5 of the last 10 days and is down by -9.22% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 8 million more shares were traded than the day before. In total, 27 million shares were bought and sold for approximately $57.58 million.
BMO Capital does not see either upside or downside right now giving HYMC "" on their last update on Nov 11, 2021. The price target was set to 1.07+2.88.
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 267.05% during the next 3 months and, with a 90% probability hold a price between $4.74 and $10.94 at the end of this 3-month period.
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 $2.10 and $1.42. 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 Tuesday, March 29, 2022, and so far it has fallen -16.41%. 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).
Hycroft Mining Holding Corporation finds support from accumulated volume at $2.16 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 $0.29 between high and low, or 14.87%. For the last week, the stock has had a daily average volatility of 12.90%.
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 Hycroft Mining Holding Corporation stock to perform well in the short-term.Check full Hycroft Mining Holding Corporation forecast and analysis here.