Aurelia Metals Limited Stock Forecast
Green day on Thursday for Aurelia Metals Limited stock after gaining 2.70%
(Updated on May 09, 2024)
The Aurelia Metals Limited stock price gained 2.70% on the last trading day (Thursday, 9th May 2024), rising from $0.185 to $0.190. During the last trading day the stock fluctuated 2.70% from a day low at $0.185 to a day high of $0.190. The price has fallen in 4 of the last 10 days. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 1000 thousand more shares were traded than the day before. In total, 2 million shares were bought and sold for approximately $462.94 thousand.
The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.187 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 81.62% during the next 3 months and, with a 90% probability hold a price between $0.339 and $0.377 at the end of this 3-month period.
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AMI.AX Signals & Forecast
The Aurelia Metals Limited stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $0.192. On a fall, the stock will find some support from the long-term average at approximately $0.176. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Aurelia Metals 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 Thursday, May 02, 2024, and so far it has fallen -5.00%. 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 Aurelia Metals Limited stock
Aurelia Metals Limited finds support from accumulated volume at $0.185 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 $0.0050 between high and low, or 2.70%. For the last week, the stock has had daily average volatility of 4.30%.
Our recommended stop-loss: $0.180 (-5.36%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 5 days ago.)
Trading Expectations (AMI.AX) For The Upcoming Trading Day Of Friday 10th
For the upcoming trading day on Friday, 10th we expect Aurelia Metals Limited to open at $0.188, and during the day (based on 14 day Average True Range), to move between $0.179 and $0.201, which gives a possible trading interval of +/-$0.0107 (+/-5.63%) up or down from last closing price. If Aurelia Metals Limited takes out the full calculated possible swing range there will be an estimated 11.26% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.195 (2.63%) than the support at $0.185 (2.63%), 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 Aurelia Metals 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 Aurelia Metals Limited stock to perform well in the short-term.
Current score: 1.106 Buy Candidate Unchanged
Predicted Opening Price for Aurelia Metals Limited of Friday, May 10, 2024
| Fair opening price May 10, 2024 | Current price |
|---|---|
| $0.188 ( 0.88%) | $0.190 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AMI.AX
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.193 | 1.75 % | |
| R2 | 0.191 | 0.749 % | ||
| R1 | 0.190 | 0.128 % | ||
| Current price: | 0.190 | |||
| Support | S1 | 0.186 | -1.88 % | |
| S2 | 0.185 | -2.50 % | ||
| S3 | 0.183 | -3.51 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0.200 | 5.26 % | ||
| R1 | 0.195 | 2.63 % | ||
| Current price | 0.190 | |||
| Support | S1 | 0.185 | -2.63% | |
| S2 | 0.175 | -7.89% | ||
| S3 | 0.145 | -23.68% |
AMI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 17, 2020 | Sep 17, 2020 | Sep 17, 2020 | $0.0097 | 2.00% |
| 2 | Aug 23, 2019 | Aug 30, 2019 | Oct 02, 2019 | $0.0194 | 4.32% |
FAQ
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