AIC Mines Limited Stock Forecast
Green day on Thursday for AIC Mines Limited
(Updated on May 09, 2024)
The AIC Mines Limited stock price gained 3.09% on the last trading day (Thursday, 9th May 2024), rising from $0.485 to $0.500. During the last trading day the stock fluctuated 4.08% from a day low at $0.490 to a day high of $0.510. The price has risen in 5 of the last 10 days and is up by 8.7% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 1 million more shares were traded than the day before. In total, 2 million shares were bought and sold for approximately $802.86 thousand.
The stock lies in the middle of a 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 82.68% during the next 3 months and, with a 90% probability hold a price between $0.793 and $0.98 at the end of this 3-month period.
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A1M.AX Signals & Forecast
The AIC Mines Limited 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 $0.485 and $0.416. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). AIC Mines Limited has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. 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 Monday, April 29, 2024, and so far it has fallen -0.99%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for AIC Mines Limited stock
AIC Mines Limited finds support from accumulated volume at $0.480 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 $0.0200 between high and low, or 4.08%. For the last week, the stock has had daily average volatility of 4.47%.
Our recommended stop-loss: $0.481 (-3.74%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 8 days ago.)
Trading Expectations (A1M.AX) For The Upcoming Trading Day Of Friday 10th
For the upcoming trading day on Friday, 10th we expect AIC Mines Limited to open at $0.500, and during the day (based on 14 day Average True Range), to move between $0.477 and $0.523, which gives a possible trading interval of +/-$0.0235 (+/-4.70%) up or down from last closing price. If AIC Mines Limited takes out the full calculated possible swing range there will be an estimated 9.40% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.505 (1.00%) than the support at $0.480 (4.00%), 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.
Earnings coming up
AIC Mines Limited will release earnings BMO on Thursday, May 09, 2024. We will update the financials statements for AIC Mines Limited, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 7.97% in the first trading day after earnings release.
Is AIC Mines Limited 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 AIC Mines Limited stock to perform well in the short-term.
Current score: 2.913 Buy Candidate Unchanged
Predicted Opening Price for AIC Mines Limited of Friday, May 10, 2024
| Fair opening price May 10, 2024 | Current price |
|---|---|
| $0.500 ( 0%) | $0.500 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for A1M.AX
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.520 | 4.00 % | |
| R2 | 0.512 | 2.47 % | ||
| R1 | 0.508 | 1.53 % | ||
| Current price: | 0.500 | |||
| Support | S1 | 0.492 | -1.53 % | |
| S2 | 0.488 | -2.47 % | ||
| S3 | 0.480 | -4.00 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0.505 | 1.00 % | ||
| Current price | 0.500 | |||
| Support | S1 | 0.480 | -4.00% | |
| S2 | 0.410 | -18.00% | ||
| S3 | 0.400 | -20.00% |
A1M Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 19, 2018 | Feb 08, 2019 | Feb 18, 2019 | $0.750 | 208.33% |
| 2 | Apr 22, 2016 | Jun 03, 2014 | Aug 25, 2016 | $5.49 | 430.20% |
FAQ
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