Arizona Silver Exploration Inc. Stock Forecast
Arizona Silver Exploration Inc. stock price down 2.67% on Friday
(Updated on Jun 28, 2024)
The Arizona Silver Exploration Inc. stock price fell by -2.67% on the last day (Friday, 28th Jun 2024) from $0.375 to $0.365. During the last trading day the stock fluctuated 1.37% from a day low at $0.365 to a day high of $0.370. The price has fallen in 6 of the last 10 days and is down by -10.98% for this period. Volume has increased on the last day by 17 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 27 thousand shares were bought and sold for approximately $9.89 thousand.
The stock lies in the lower part of a very wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.363 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 3.85% during the next 3 months and, with a 90% probability hold a price between $0.377 and $0.482 at the end of this 3-month period.
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AZS.V Signals & Forecast
There are few to no technical positive signals at the moment. The Arizona Silver Exploration Inc. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $0.374 and $0.404. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, June 06, 2024, and so far it has fallen -20.65%. 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). Arizona Silver Exploration Inc. gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Arizona Silver Exploration Inc. stock
Arizona Silver Exploration Inc. finds support from accumulated volume at $0.360 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 a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.0050 between high and low, or 1.37%. For the last week, the stock has had daily average volatility of 1.89%.
Arizona Silver Exploration Inc. is oversold on RSI14 (22). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (AZS.V) For The Upcoming Trading Day Of Tuesday 2nd
For the upcoming trading day on Tuesday, 2nd we expect Arizona Silver Exploration Inc. to open at $0.367, and during the day (based on 14 day Average True Range), to move between $0.347 and $0.383, which gives a possible trading interval of +/-$0.0184 (+/-5.04%) up or down from last closing price. If Arizona Silver Exploration Inc. takes out the full calculated possible swing range there will be an estimated 10.09% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.360 (1.37%) than the resistance at $0.390 (6.85%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Arizona Silver Exploration Inc. stock A Buy?
The Arizona Silver Exploration Inc. stock holds several negative signals and despite the positive trend, we believe Arizona Silver Exploration Inc. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -1.627 Sell Candidate Unchanged
Predicted Opening Price for Arizona Silver Exploration Inc. of Tuesday, July 2, 2024
| Fair opening price July 2, 2024 | Current price |
|---|---|
| $0.367 ( 0.457%) | $0.365 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AZS.V
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.372 | 1.83% |
| R2 | 0.370 | 1.30% |
| R1 | 0.369 | 0.98% |
| Price | 0.365 | |
| S1 | 0.365 | -0.0667% |
| S2 | 0.364 | -0.390% |
| S3 | 0.362 | -0.91% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.410 | 12.33% |
| R2 | 0.395 | 8.22% |
| R1 | 0.390 | 6.85% |
| Price | 0.365 | |
| S1 | 0.360 | -1.37% |
| S2 | 0.355 | -2.74% |
| S3 | 0.350 | -4.11% |
FAQ
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