Apollo Silver Corp. Stock Forecast
Volatile ride for Apollo Silver Corp. stock price on Friday moving between $0.113 and $0.126
(Updated on May 10, 2024)
The Apollo Silver Corp. stock price fell by -8.32% on the last day (Friday, 10th May 2024) from $0.123 to $0.113. During the last trading day the stock fluctuated 11.16% from a day low at $0.113 to a day high of $0.126. The price has fallen in 6 of the last 10 days and is down by -6.69% for this period. 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 -341 thousand shares and in total, 20 thousand shares were bought and sold for approximately $2.21 thousand.
The stock lies in the lower part of a very 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 $0.112 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 47.99% during the next 3 months and, with a 90% probability hold a price between $0.166 and $0.253 at the end of this 3-month period.
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APGOF Signals & Forecast
There are few to no technical positive signals at the moment. The Apollo Silver Corp. 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 $0.115 and $0.120. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, April 03, 2024, and so far it has fallen -23.20%. 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 along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Apollo Silver Corp. stock
Apollo Silver Corp. finds support from accumulated volume at $0.111 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 periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.0126 between high and low, or 11.16%. For the last week the stock has had daily average volatility of 8.14%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (APGOF) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect Apollo Silver Corp. to open at $0.117, and during the day (based on 14 day Average True Range), to move between $0.102 and $0.124, which gives a possible trading interval of +/-$0.0110 (+/-9.72%) up or down from last closing price. If Apollo Silver Corp. takes out the full calculated possible swing range there will be an estimated 19.44% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.111 (1.33%) than the resistance at $0.120 (6.11%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Apollo Silver Corp. stock A Buy?
The Apollo Silver Corp. stock holds several negative signals and despite the positive trend, we believe Apollo Silver Corp. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Sell candidate.
Current score: -3.074 Sell Candidate Downgraded
Predicted Opening Price for Apollo Silver Corp. of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| $0.117 ( 3.72%) | $0.113 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for APGOF
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.130 | 14.88 % | |
| R2 | 0.125 | 10.62 % | ||
| R1 | 0.122 | 7.98 % | ||
| Current price: | 0.113 | |||
| Support | S1 | 0.112 | -0.543 % | |
| S2 | 0.109 | -3.18 % | ||
| S3 | 0.105 | -7.44 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.130 | 15.15 % | |
| R2 | 0.129 | 13.99 % | ||
| R1 | 0.120 | 6.11 % | ||
| Current price | 0.113 | |||
| Support | S1 | 0.111 | -1.33% | |
| S2 | 0.104 | -7.49% | ||
| S3 | 0.0950 | -15.90% |
FAQ
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