Coeur Mining Inc Stock Forecast
Green day on Tuesday for Coeur Mining Inc
(Updated on May 14, 2024)
The stock lies in the middle of a wide and strong 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 114.28% during the next 3 months and, with a 90% probability hold a price between $10.61 and $12.08 at the end of this 3-month period.
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CDE Signals & Forecast
The Coeur Mining Inc 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 $5.22. On a fall, the stock will find some support from the long-term average at approximately $4.64. 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. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. 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 Thursday, May 09, 2024, and so far it has fallen -4.92%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Coeur Mining Inc stock
On the downside, the stock finds support just below today's level from accumulated volume at $4.87 and $4.64. 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, Coeur Mining Inc finds support just below today's level at $4.87. If this is broken, then the next support from accumulated volume will be at $4.64 and $4.62.
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 $0.275 between high and low, or 5.43%. For the last week, the stock has had daily average volatility of 6.06%.
Our recommended stop-loss: $4.97 (-4.87%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 3 days ago.)
Trading Expectations (CDE) For The Upcoming Trading Day Of Wednesday 15th
For the upcoming trading day on Wednesday, 15th we expect Coeur Mining Inc to open at $5.21, and during the day (based on 14 day Average True Range), to move between $4.88 and $5.56, which gives a possible trading interval of +/-$0.342 (+/-6.55%) up or down from last closing price. If Coeur Mining Inc takes out the full calculated possible swing range there will be an estimated 13.10% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $5.29 (1.34%) than the support at $4.87 (6.70%), 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 Coeur Mining Inc 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 Coeur Mining Inc stock to perform well in the short-term.
Current score: 4.024 Buy Candidate Unchanged
Predicted Opening Price for Coeur Mining Inc of Wednesday, May 15, 2024
| Fair opening price May 15, 2024 | Current price |
|---|---|
| $5.21 ( 0.287%) | $5.22 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CDE
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.48 | 4.98 % | |
| R2 | 5.37 | 2.97 % | ||
| R1 | 5.31 | 1.73 % | ||
| Current price: | 5.22 | |||
| Support | S1 | 5.10 | -2.30 % | |
| S2 | 5.04 | -3.54 % | ||
| S3 | 4.93 | -5.56 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 5.49 | 5.17 % | ||
| R1 | 5.29 | 1.34 % | ||
| Current price | 5.22 | |||
| Support | S1 | 4.87 | -6.70% | |
| S2 | 4.64 | -11.11% | ||
| S3 | 4.62 | -11.49% |
CDE Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 03, 1997 | Apr 03, 1997 | Apr 03, 1997 | $1.50 | 0.98% |
| 2 | Mar 13, 1996 | Apr 03, 1996 | Apr 19, 1996 | $1.50 | 0.774% |
| 3 | Mar 21, 1995 | Apr 04, 1995 | Apr 21, 1995 | $1.50 | 0.745% |
| 4 | Mar 28, 1994 | Mar 28, 1994 | Apr 15, 1994 | $1.50 | 0.82% |
| 5 | Mar 30, 1993 | Mar 30, 1993 | Apr 16, 1993 | $1.50 | 0.94% |
FAQ
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