Avino Silver & Gold Mines Ltd (USA) Stock Forecast
Red day on Wednesday for Avino Silver & Gold Mines Ltd (USA)
(Updated on Apr 24, 2024)
The Avino Silver & Gold Mines Ltd (USA) stock price fell by -0.516% on the last day (Wednesday, 24th Apr 2024) from $0.718 to $0.714. During the last trading day the stock fluctuated 2.58% from a day low at $0.702 to a day high of $0.720. The price has fallen in 6 of the last 10 days and is down by -8.75% 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 -222 thousand shares and in total, 312 thousand shares were bought and sold for approximately $223.12 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 $0.687 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 73.23% during the next 3 months and, with a 90% probability hold a price between $1.19 and $1.54 at the end of this 3-month period.
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ASM Signals & Forecast
The Avino Silver & Gold Mines Ltd (USA) 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 $0.731. On a fall, the stock will find some support from the long-term average at approximately $0.667. 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. 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 Friday, April 05, 2024, and so far it has fallen -11.85%. 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
Avino Silver & Gold Mines Ltd (USA) finds support from accumulated volume at $0.696 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 $0.0181 between high and low, or 2.58%. For the last week the stock has had daily average volatility of 3.73%.
Our recommended stop-loss: $0.672 (-5.88%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 13 days ago.)
Trading Expectations (ASM) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Avino Silver & Gold Mines Ltd (USA) to open at $0.712, and during the day (based on 14 day Average True Range), to move between $0.667 and $0.761, which gives a possible trading interval of +/-$0.0468 (+/-6.56%) 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 13.11% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.696 (2.51%) than the resistance at $0.765 (7.18%), 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?
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 Avino Silver & Gold Mines Ltd (USA) stock to perform well in the short-term.
Current score: 2.805 Buy Candidate Unchanged
Predicted Opening Price for Avino Silver & Gold Mines Ltd (USA) of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| $0.712 ( 0.285%) | $0.714 |
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 | |||
|---|---|---|---|---|
| Resistance | R3 | 0.730 | 2.25 % | |
| R2 | 0.723 | 1.28 % | ||
| R1 | 0.719 | 0.684 % | ||
| Current price: | 0.714 | |||
| Support | S1 | 0.705 | -1.25 % | |
| S2 | 0.701 | -1.85 % | ||
| S3 | 0.694 | -2.82 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.81 | 13.45 % | |
| R2 | 0.81 | 13.31 % | ||
| R1 | 0.765 | 7.18 % | ||
| Current price | 0.714 | |||
| Support | S1 | 0.696 | -2.51% | |
| S2 | 0.590 | -17.44% | ||
| S3 | 0.550 | -23.04% |
FAQ
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