Avino Silver & Gold Mines Ltd (USA) Stock Forecast
Red day on Monday for Avino Silver & Gold Mines Ltd (USA) stock after losing 1.92%
(Updated on Jun 17, 2024)
The Avino Silver & Gold Mines Ltd (USA) stock price fell by -1.92% on the last day (Monday, 17th Jun 2024) from $0.89 to $0.87. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 5.76% from a day low at $0.86 to a day high of $0.91. The price has fallen in 6 of the last 10 days and is down by -16.35% 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 -478 thousand shares and in total, 913 thousand shares were bought and sold for approximately $793.91 thousand.
Given the current short-term trend, the stock is expected to rise 60.57% during the next 3 months and, with a 90% probability hold a price between $1.40 and $1.84 at the end of this 3-month period.
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ASM Signals & Forecast
There are few to no technical positive signals at the moment. The Avino Silver & Gold Mines Ltd (USA) stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $0.93 and $0.92. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, May 31, 2024, and so far it has fallen -18.69%. 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.
Support, Risk & Stop-loss for Avino Silver & Gold Mines Ltd (USA) stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.81 and $0.81. 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, Avino Silver & Gold Mines Ltd (USA) finds support just below today's level at $0.81. If this is broken, then the next support from accumulated volume will be at $0.81 and $0.765.
This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.0495 between high and low, or 5.76%. For the last week the stock has had daily average volatility of 5.86%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ASM) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect Avino Silver & Gold Mines Ltd (USA) to open at $0.88, and during the day (based on 14 day Average True Range), to move between $0.81 and $0.93, which gives a possible trading interval of +/-$0.0624 (+/-7.17%) up or down from last closing price. If Avino Silver & Gold Mines Ltd (USA) takes out the full calculated possible swing range there will be an estimated 14.33% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.81 (6.90%) than the resistance at $1.02 (17.24%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Avino Silver & Gold Mines Ltd (USA) stock A Buy?
The Avino Silver & Gold Mines Ltd (USA) stock holds several negative signals and despite the positive trend, we believe Avino Silver & Gold Mines Ltd (USA) will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -5.203 Strong Sell Candidate Unchanged
Predicted Opening Price for Avino Silver & Gold Mines Ltd (USA) of Tuesday, June 18, 2024
| Fair opening price June 18, 2024 | Current price |
|---|---|
| $0.88 ( 1.13%) | $0.87 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ASM
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.93 | 6.82% |
| R2 | 0.91 | 4.65% |
| R1 | 0.90 | 3.30% |
| Price | 0.87 | |
| S1 | 0.86 | -1.04% |
| S2 | 0.85 | -2.39% |
| S3 | 0.83 | -4.56% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.07 | 22.99% |
| R2 | 1.06 | 21.84% |
| R1 | 1.02 | 17.24% |
| Price | 0.87 | |
| S1 | 0.81 | -6.90% |
| S2 | 0.81 | -7.01% |
| S3 | 0.765 | -12.03% |
FAQ
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