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A-Mark Precious Metals Stock Forecast NASDAQ:AMRK

$61.45 (-2.91%)

Volume: 127k

Closed: Dec 03, 2021

Hollow Logo Score: -1.465

A-Mark Precious Metals Stock Forecast

$61.45 (-2.91%)

Volume: 127k

Closed: Dec 03, 2021

Score Hollow Logo -1.465
Which way will AMRK go? Request
Key Stats
Beta 1.06
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] The A-Mark Precious Metals stock currently holds an RSI14 at 20 and is oversold on RSI14. The stock being oversold is no guarantee for instant reaction up as some stocks may be oversold for a long time. It is important to review the previous RSI-history to get an indication of the RSI-sensitiveness.

A-Mark Precious Metals stock price down 2.91% on Friday
(Updated on Dec 03, 2021)


Sell candidate since 2021-11-30 Loss -11.26%

The A-Mark Precious Metals stock price fell by -2.91% on the last day (Friday, 3rd Dec 2021) from $63.29 to $61.45. and has now fallen 5 days in a row. During the day the stock fluctuated 7.24% from a day low at $59.50 to a day high of $63.81. The price has been going up and down for this period, and there has been a -11.86% loss for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -68 thousand shares and in total, 127 thousand shares were bought and sold for approximately $7.80 million.

Given the current short-term trend, the stock is expected to rise 26.38% during the next 3 months and, with a 90% probability hold a price between $77.66 and $107.44 at the end of this 3-month period.

Signals & Forecast

There are few to no technical positive signals at the moment. The A-Mark Precious Metals stock holds sell signals from both short and long-term moving averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $67.59 and $70.60. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, November 03, 2021, and so far it has fallen -22.22%. 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). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss

On the downside, the stock finds support just below today's level from accumulated volume at $58.33 and $58.29. There is 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, A-Mark Precious Metals finds support just below today's level at $58.33. If this is broken, then the next support from accumulated volume will be at $58.29 and $57.40.

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 $4.31 between high and low, or 7.24%. For the last week, the stock has had a daily average volatility of 6.49%.

A-Mark Precious Metals is oversold on RSI14 (20). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

Our recommended stop-loss: We hold an negative evaluation for this stock. No stop-loss is set.

Is A-Mark Precious Metals stock A Buy?

The A-Mark Precious Metals stock holds several negative signals and despite the positive trend, we believe A-Mark Precious Metals will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -1.465

Predicted Opening Price for A-Mark Precious Metals of Monday, December 6, 2021

The predicted opening price is based on yesterday's movements between high, low, and the closing price.

Fair opening price December 6, 2021 Current price
$61.59 $61.45 (Undervalued)
Sell Candidate Unchanged

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Analyst Ratings

On Nov 05, 2021 "Roth Capital" gave "$72.00 - $90.00" rating for AMRK. The price target was changed from $71.40 to 8.1%.

Volatility and Risk
Daily Average Volatility: 6.49 %
Overall Risk: Very High High Medium Low Very Low
Volatility
6.49 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $67.23
Price: $61.45
Support: $58.33

AMRK Insider Trading Show all Trades

INSIDER POWER

0.648

Last 100 transactions
Buy: 188 533 | Sell: 290 904 (Shares)
Date Action Amount Person Type
Nov 17, 2021 Sell 4 560 Gjerdrum Thor Stock Option (Right to Buy)
Nov 17, 2021 Buy 993 Gjerdrum Thor Common Stock, par value $0.01 per share
Nov 17, 2021 Sell 993 Gjerdrum Thor Common Stock, par value $0.01 per share
Nov 17, 2021 Buy 2 213 Gjerdrum Thor Common Stock, par value $0.01 per share
Nov 17, 2021 Buy 1 354 Gjerdrum Thor Common Stock, par value $0.01 per share
Show all Insider Trades
INSIDER POWER

0.648

Last 100 transactions
Buy: 188 533 | Sell: 290 904 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 65.89 7.23 %
64.25 4.56 %
63.23 2.90 %
Current price: 61.45
Support 59.94 -2.45 %
58.93 -4.11 %
57.28 -6.78 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 71.96 17.10 %
69.25 12.69 %
67.23 9.41 %
Current price 61.45
Support 58.33 -5.08%
58.29 -5.14%
57.40 -6.59%

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About A-Mark Precious Metals

A-Mark Precious Metals A-Mark Precious Metals, Inc. operates as a precious metals trading company worldwide. The company offers gold, silver, platinum, and palladium in the form of bars, plates, powder, wafers, grains, ingots, and coins, as well as distributes gold and silver coins and bars from sovereign and private mints. It also provides loans on precious metals, and rare coins and other collectibles collateral to coin dealers, collectors, and investors; storage sol... Read more

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