Defiance Silver Corp. Stock Forecast

Volatile ride for Defiance Silver Corp. stock price on Friday moving between $0.315 and $0.455
(Updated on May 17, 2024)

DEF.V Signals & Forecast

The Defiance Silver Corp. 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 $0.319. On a fall, the stock will find some support from the long-term average at approximately $0.225. 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). 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 16, 2024, and so far it has fallen -25.00%. Further fall is indicated until a new bottom pivot has been found. Defiance 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". The stock had a Golden Star Signal on Tuesday, June 20, 2023 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for Defiance Silver Corp. stock

Defiance Silver Corp. finds support from accumulated volume at $0.300 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 very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.140 between high and low, or 44.44%. For the last week, the stock has had daily average volatility of 24.91%.

Our recommended stop-loss: $0.300 (-4.74%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 1 day ago.)

Trading Expectations (DEF.V) For The Upcoming Trading Day Of Tuesday 21st

For the upcoming trading day on Tuesday, 21st we expect Defiance Silver Corp. to open at $0.362, and during the day (based on 14 day Average True Range), to move between $0.279 and $0.351, which gives a possible trading interval of +/-$0.0358 (+/-11.36%) up or down from last closing price. If Defiance Silver Corp. takes out the full calculated possible swing range there will be an estimated 22.73% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $0.300, some $0.0150 (4.76%) from the current price of $0.315, our system finds the risk reward attractive.

Is Defiance Silver Corp. stock A Buy?

Defiance Silver Corp. 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.

Current score: 0.000 Hold/Accumulate Unchanged

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for Defiance Silver Corp. of Tuesday, May 21, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.