Blackrock Silver Corp. Stock Forecast
Blackrock Silver Corp. stock price down 1.49% on Tuesday
(Updated on May 07, 2024)
The Blackrock Silver Corp. stock price fell by -1.49% on the last day (Tuesday, 7th May 2024) from $0.335 to $0.330. During the last trading day the stock fluctuated 3.08% from a day low at $0.325 to a day high of $0.335. The price has been going up and down for this period, and there has been a 3.13% gain for the last 2 weeks. 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 -36 thousand shares and in total, 85 thousand shares were bought and sold for approximately $27.92 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 $0.320 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 54.70% during the next 3 months and, with a 90% probability hold a price between $0.496 and $0.626 at the end of this 3-month period.
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BRC.V Signals & Forecast
The Blackrock Silver Corp. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $0.329 and $0.318. A breakdown below any of these levels will issue sell signals. 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 Wednesday, April 10, 2024, and so far it has fallen -8.33%. 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. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Blackrock Silver Corp. stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.275 and $0.265. 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, Blackrock Silver Corp. finds support just below today's level at $0.275. If this is broken, then the next support from accumulated volume will be at $0.265 and $0.260.
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 3.08%. For the last week the stock has had daily average volatility of 3.69%.
Our recommended stop-loss: $0.316 (-4.27%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 19 days ago.)
Trading Expectations (BRC.V) For The Upcoming Trading Day Of Wednesday 8th
For the upcoming trading day on Wednesday, 8th we expect Blackrock Silver Corp. to open at $0.330, and during the day (based on 14 day Average True Range), to move between $0.307 and $0.353, which gives a possible trading interval of +/-$0.0231 (+/-7.01%) up or down from last closing price. If Blackrock Silver Corp. takes out the full calculated possible swing range there will be an estimated 14.01% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.340 (3.03%) than the support at $0.275 (16.67%), 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 Blackrock Silver Corp. 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 Blackrock Silver Corp. stock to perform well in the short-term.
Current score: 1.536 Buy Candidate Unchanged
Predicted Opening Price for Blackrock Silver Corp. of Wednesday, May 8, 2024
Fair opening price May 8, 2024 | Current price |
---|---|
$0.330 ( 0%) | $0.330 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BRC.V
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.340 | 3.03 % | |
R2 | 0.336 | 1.87 % | ||
R1 | 0.334 | 1.16 % | ||
Current price: | 0.330 | |||
Support | S1 | 0.326 | -1.16 % | |
S2 | 0.324 | -1.87 % | ||
S3 | 0.320 | -3.03 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.355 | 7.58 % | |
R2 | 0.345 | 4.55 % | ||
R1 | 0.340 | 3.03 % | ||
Current price | 0.330 | |||
Support | S1 | 0.275 | -16.67% | |
S2 | 0.265 | -19.70% | ||
S3 | 0.260 | -21.21% |
FAQ
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