Aftermath Silver Ltd. Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
High volatility in Aftermath Silver Ltd. stock price on Thursday which ended trading at $0.270
(Updated on May 16, 2024)
The Aftermath Silver Ltd. stock price gained 13.88% on the last trading day (Thursday, 16th May 2024), rising from $0.237 to $0.270. During the last trading day the stock fluctuated 18.29% from a day low at $0.229 to a day high of $0.271. The price has been going up and down for this period, and there has been a 31.77% 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, 754 thousand more shares were traded than the day before. In total, 1 million shares were bought and sold for approximately $342.39 thousand.
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 51.06% during the next 3 months and, with a 90% probability hold a price between $0.316 and $0.448 at the end of this 3-month period.
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AAGFF Signals & Forecast
Mostly positive signals in the chart today. The Aftermath Silver Ltd. 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 $0.229 and $0.218. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, April 24, 2024, and so far it has risen 33.33%. 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). Aftermath Silver Ltd. 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.
Support, Risk & Stop-loss for Aftermath Silver Ltd. stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.251 and $0.232. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Aftermath Silver Ltd. finds support just below today's level at $0.251. If this is broken, then the next support from accumulated volume will be at $0.232 and $0.214.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.0420 between high and low, or 18.29%. For the last week, the stock has had daily average volatility of 10.68%.
Our recommended stop-loss: $0.260 (-3.58%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 16 days ago.)
Trading Expectations (AAGFF) For The Upcoming Trading Day Of Friday 17th
For the upcoming trading day on Friday, 17th we expect Aftermath Silver Ltd. to open at $0.257, and during the day (based on 14 day Average True Range), to move between $0.250 and $0.290, which gives a possible trading interval of +/-$0.0196 (+/-7.27%) up or down from last closing price. If Aftermath Silver Ltd. takes out the full calculated possible swing range there will be an estimated 14.55% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $0.251, some $0.0195 (7.22%) from the current price of $0.270, our system finds the risk reward attractive.
Is Aftermath Silver Ltd. stock A Buy?
Aftermath Silver Ltd. 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.
Current score: 6.967 Strong Buy Candidate Unchanged
Predicted Opening Price for Aftermath Silver Ltd. of Friday, May 17, 2024
| Fair opening price May 17, 2024 | Current price |
|---|---|
| $0.257 ( 4.86%) | $0.270 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AAGFF
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.299 | 10.68 % | |
| R2 | 0.283 | 4.74 % | ||
| R1 | 0.273 | 1.08 % | ||
| Current price: | 0.270 | |||
| Support | S1 | 0.241 | -10.79 % | |
| S2 | 0.231 | -14.46 % | ||
| S3 | 0.215 | -20.40 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 0.270 | |||
| Support | S1 | 0.251 | -7.22% | |
| S2 | 0.232 | -14.22% | ||
| S3 | 0.214 | -20.63% |
FAQ
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