Blackrock Silver Corp. Stock Forecast
Red day on Friday for Blackrock Silver Corp.
(Updated on May 31, 2024)
The Blackrock Silver Corp. stock price fell by -0.787% on the last day (Friday, 31st May 2024) from $0.318 to $0.315. During the last trading day the stock fluctuated 3.17% from a day low at $0.315 to a day high of $0.325. The price has fallen in 6 of the last 10 days and is down by -5.97% for this period. Volume has increased on the last day by 35 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, 655 thousand shares were bought and sold for approximately $206.40 thousand.
The stock lies in the lower part of a 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 $0.312 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 27.51% during the next 3 months and, with a 90% probability hold a price between $0.398 and $0.484 at the end of this 3-month period.
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BRC.V Signals & Forecast
There are few to no technical positive signals at the moment. The Blackrock Silver Corp. 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 $0.322 and $0.334. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, May 09, 2024, and so far it has fallen -12.50%. 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). Blackrock Silver Corp. 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".
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 and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.0100 between high and low, or 3.17%. For the last week, the stock has had daily average volatility of 3.78%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (BRC.V) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect Blackrock Silver Corp. to open at $0.318, and during the day (based on 14 day Average True Range), to move between $0.296 and $0.334, which gives a possible trading interval of +/-$0.0188 (+/-5.96%) up or down from last closing price. If Blackrock Silver Corp. takes out the full calculated possible swing range there will be an estimated 11.92% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.320 (1.59%) than the support at $0.275 (12.70%), 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?
The Blackrock Silver Corp. stock holds several negative signals and despite the positive trend, we believe Blackrock Silver Corp. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -3.274 Sell Candidate Unchanged
Predicted Opening Price for Blackrock Silver Corp. of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| $0.318 ( 1.06%) | $0.315 |
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 | 0.328 | 4.23 % | |
| R2 | 0.325 | 3.02 % | ||
| R1 | 0.322 | 2.27 % | ||
| Current price: | 0.315 | |||
| Support | S1 | 0.315 | -0.154 % | |
| S2 | 0.312 | -0.90 % | ||
| S3 | 0.308 | -2.12 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.355 | 12.70 % | |
| R2 | 0.330 | 4.76 % | ||
| R1 | 0.320 | 1.59 % | ||
| Current price | 0.315 | |||
| Support | S1 | 0.275 | -12.70% | |
| S2 | 0.265 | -15.87% | ||
| S3 | 0.260 | -17.46% |
FAQ
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