DOLLY VARDEN SILVER Stock Forecast
Strong day for DOLLY VARDEN SILVER stock price on Thursday rising 7.69% to $0.770
(Updated on Jun 20, 2024)
The DOLLY VARDEN SILVER stock price gained 7.69% on the last trading day (Thursday, 20th Jun 2024), rising from $0.715 to $0.770. During the last trading day the stock fluctuated 6.12% from a day low at $0.735 to a day high of $0.780. The price has fallen in 6 of the last 10 days and is down by -9.94% for this period. Volume fell on the last day by -2 thousand shares and in total, 113 thousand shares were bought and sold for approximately $86.93 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a very 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 22.69% during the next 3 months and, with a 90% probability hold a price between $0.88 and $1.20 at the end of this 3-month period.
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DOLLF Signals & Forecast
There are few to no technical positive signals at the moment. The DOLLY VARDEN SILVER stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $0.779. On a fall, the stock will find some support from the short-term average at $0.741. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Monday, May 20, 2024, and so far it has fallen -15.71%. 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 during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for DOLLY VARDEN SILVER stock
DOLLY VARDEN SILVER finds support from accumulated volume at $0.750 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 periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.0450 between high and low, or 6.12%. For the last week the stock has had daily average volatility of 3.98%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (DOLLF) For The Upcoming Trading Day Of Friday 21st
For the upcoming trading day on Friday, 21st we expect DOLLY VARDEN SILVER to open at $0.762, and during the day (based on 14 day Average True Range), to move between $0.720 and $0.82, which gives a possible trading interval of +/-$0.0500 (+/-6.50%) up or down from last closing price. If DOLLY VARDEN SILVER takes out the full calculated possible swing range there will be an estimated 13.00% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.770 (0.04%) than the support at $0.750 (2.60%), 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.
Earnings coming up
DOLLY VARDEN SILVER will release earnings BMO on Monday, June 24, 2024. We will update the financials statements for DOLLY VARDEN SILVER, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 6.89% in the first trading day after earnings release.
Is DOLLY VARDEN SILVER stock A Buy?
The DOLLY VARDEN SILVER stock holds several negative signals and despite the positive trend, we believe DOLLY VARDEN SILVER will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -1.920 Sell Candidate Unchanged
Predicted Opening Price for DOLLY VARDEN SILVER of Friday, June 21, 2024
| Fair opening price June 21, 2024 | Current price |
|---|---|
| $0.762 ( 1.08%) | $0.770 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DOLLF
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.81 | 4.76% |
| R2 | 0.789 | 2.53% |
| R1 | 0.779 | 1.15% |
| Price | 0.770 | |
| S1 | 0.744 | -3.31% |
| S2 | 0.734 | -4.69% |
| S3 | 0.717 | -6.93% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.88 | 14.61% |
| R2 | 0.787 | 2.16% |
| R1 | 0.770 | 0.0390% |
| Price | 0.770 | |
| S1 | 0.750 | -2.60% |
| S2 | 0.734 | -4.64% |
| S3 | 0.686 | -10.94% |
FAQ
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