Golden Minerals Company Stock Forecast

Golden Minerals Company stock downgraded from Hold/Accumulate to Sell Candidate after Friday trading session.
(Updated on Jun 14, 2024)

AUMN.TO Signals & Forecast

There are mixed signals in the stock today. The Golden Minerals Company stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $0.662. On a fall, the stock will find some support from the short-term average at $0.609. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Tuesday, April 09, 2024, and so far it has fallen -40.38%. 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 on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Golden Minerals Company stock

On the downside, the stock finds support just below today's level from accumulated volume at $0.580 and $0.560. 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, Golden Minerals Company finds support just below today's level at $0.580. If this is broken, then the next support from accumulated volume will be at $0.560 and $0.550.

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 $0.0100 between high and low, or 1.61%. For the last week the stock has had daily average volatility of 3.43%.

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

Trading Expectations (AUMN.TO) For The Upcoming Trading Day Of Monday 17th

For the upcoming trading day on Monday, 17th we expect Golden Minerals Company to open at $0.623, and during the day (based on 14 day Average True Range), to move between $0.581 and $0.659, which gives a possible trading interval of +/-$0.0393 (+/-6.33%) up or down from last closing price. If Golden Minerals Company takes out the full calculated possible swing range there will be an estimated 12.66% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.650 (4.84%) than the support at $0.580 (6.45%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Golden Minerals Company stock A Buy?

Golden Minerals Company holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, 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 Hold/Accumulate to a Sell candidate.

Current score: -1.997 Sell Candidate Downgraded

Predicted Opening Price for Golden Minerals Company of Monday, June 17, 2024

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