Compañía Minera Autlán, S.A.B. de Stock Forecast
Compañía Minera Autlán, S.A.B. de stock downgraded from Buy Candidate to Hold/Accumulate after Thursday trading session.
(Updated on May 09, 2024)
The Compañía Minera Autlán, S.A.B. de stock price gained 0.510% on the last trading day (Thursday, 9th May 2024), rising from $9.80 to $9.85. During the last trading day the stock fluctuated 2.75% from a day low at $9.81 to a day high of $10.08. The price has been going up and down for this period, and there has been a -2.86% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 932 more shares were traded than the day before. In total, 2 thousand shares were bought and sold for approximately $23.82 thousand.
The stock lies in the middle of a very wide and weak 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 2.27% during the next 3 months and, with a 90% probability hold a price between $8.87 and $11.96 at the end of this 3-month period.
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AUTLANB.MX Signals & Forecast
The Compañía Minera Autlán, S.A.B. de 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 $9.95. On a fall, the stock will find some support from the long-term average at approximately $9.76. 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. Compañía Minera Autlán, S.A.B. de has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. 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 Tuesday, April 09, 2024, and so far it has fallen -15.09%. 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).
Support, Risk & Stop-loss for Compañía Minera Autlán, S.A.B. de stock
Compañía Minera Autlán, S.A.B. de finds support from accumulated volume at $9.48 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.270 between high and low, or 2.75%. For the last week, the stock has had daily average volatility of 2.87%.
Our recommended stop-loss: $9.43 (-4.26%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 21 days ago.)
Trading Expectations (AUTLANB.MX) For The Upcoming Trading Day Of Friday 10th
For the upcoming trading day on Friday, 10th we expect Compañía Minera Autlán, S.A.B. de C.V. to open at $9.91, and during the day (based on 14 day Average True Range), to move between $9.45 and $10.25, which gives a possible trading interval of +/-$0.402 (+/-4.08%) up or down from last closing price. If Compañía Minera Autlán, S.A.B. de C.V. takes out the full calculated possible swing range there will be an estimated 8.15% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $9.89 (0.41%) than the support at $9.48 (3.76%), 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 Compañía Minera Autlán, S.A.B. de C.V. stock A Buy?
Compañía Minera Autlán, S.A.B. de holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. 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 Hold/Accumulate candidate.
Current score: 0.421 Hold/Accumulate Downgraded
Predicted Opening Price for Compañía Minera Autlán, S.A.B. de C.V. of Friday, May 10, 2024
| Fair opening price May 10, 2024 | Current price |
|---|---|
| $9.91 ( 0.643%) | $9.85 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AUTLANB.MX
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 10.18 | 3.38 % | |
| R2 | 10.08 | 2.34 % | ||
| R1 | 10.02 | 1.69 % | ||
| Current price: | 9.85 | |||
| Support | S1 | 9.81 | -0.404 % | |
| S2 | 9.75 | -1.05 % | ||
| S3 | 9.64 | -2.10 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 11.60 | 17.77 % | |
| R2 | 11.56 | 17.36 % | ||
| R1 | 9.89 | 0.406 % | ||
| Current price | 9.85 | |||
| Support | S1 | 9.48 | -3.76% | |
| S2 | 8.68 | -11.88% | ||
| S3 | 8.67 | -11.98% |
AUTLANB Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 07, 2023 | Jun 07, 2023 | Jun 07, 2023 | $1.30 | 9.46% |
| 2 | Jun 08, 2022 | Jun 08, 2022 | Jun 08, 2022 | $0.0320 | 0.202% |
| 3 | Oct 05, 2021 | Oct 05, 2021 | Oct 05, 2021 | $0.454 | 3.46% |
| 4 | May 31, 2019 | May 31, 2019 | May 31, 2019 | $0.342 | 3.16% |
| 5 | May 29, 2018 | May 29, 2018 | May 29, 2018 | $1.13 | 6.29% |
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