ASA Gold and Precious Metals Limited Stock Forecast
ASA Gold and Precious Metals Limited stock price ended at $17.71 on Thursday, after gaining 0.226%.
(Updated on May 02, 2024)
The ASA Gold and Precious Metals Limited stock price gained 0.226% on the last trading day (Thursday, 2nd May 2024), rising from $17.67 to $17.71. During the last trading day the stock fluctuated 2.18% from a day low at $17.40 to a day high of $17.78. The price has risen in 7 of the last 10 days and is up by 2.97% over the past 2 weeks. Volume fell on the last day by -243 thousand shares and in total, 72 thousand shares were bought and sold for approximately $1.27 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
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 30.89% during the next 3 months and, with a 90% probability hold a price between $21.40 and $23.70 at the end of this 3-month period.
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ASA Signals & Forecast
The ASA Gold and Precious Metals 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 $17.39 and $16.35. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, April 22, 2024, and so far it has risen 7.07%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Support, Risk & Stop-loss for ASA Gold and Precious Metals Limited stock
ASA Gold and Precious Metals Limited finds support from accumulated volume at $17.67 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0.378 between high and low, or 2.18%. For the last week the stock has had daily average volatility of 2.92%
Our recommended stop-loss: $17.08 (-3.58%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 8 days ago.)
Trading Expectations (ASA) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect ASA Gold and Precious Metals Limited to open at $17.63, and during the day (based on 14 day Average True Range), to move between $17.22 and $18.20, which gives a possible trading interval of +/-$0.493 (+/-2.79%) up or down from last closing price. If ASA Gold and Precious Metals Limited takes out the full calculated possible swing range there will be an estimated 5.57% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $17.67, some $0.0400 (0.23%) from the current price of $17.71, our system finds the risk reward attractive.
Is ASA Gold and Precious Metals Limited stock A Buy?
ASA Gold and Precious Metals Limited 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: 5.005 Strong Buy Candidate Unchanged
Predicted Opening Price for ASA Gold and Precious Metals Limited of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| $17.63 ( 0.465%) | $17.71 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ASA
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 18.01 | 1.67 % | |
| R2 | 17.86 | 0.86 % | ||
| R1 | 17.77 | 0.351 % | ||
| Current price: | 17.71 | |||
| Support | S1 | 17.48 | -1.28 % | |
| S2 | 17.39 | -1.79 % | ||
| S3 | 17.25 | -2.60 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 17.71 | |||
| Support | S1 | 17.67 | -0.226% | |
| S2 | 16.99 | -4.07% | ||
| S3 | 16.97 | -4.18% |
ASA Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 03, 2024 | May 03, 2024 | May 16, 2024 | $0.0200 | 0.113% |
| 2 | Sep 25, 2023 | Nov 14, 2023 | Nov 22, 2023 | $0.0100 | 0.0705% |
| 3 | Mar 28, 2023 | May 05, 2023 | May 18, 2023 | $0.0100 | 0.0630% |
| 4 | Sep 26, 2022 | Nov 10, 2022 | Nov 28, 2018 | $0.0100 | 0.114% |
| 5 | Mar 24, 2022 | May 06, 2022 | May 19, 2022 | $0.0100 | 0.0532% |
FAQ
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