DOLLY VARDEN SILVER Stock Forecast
Red day on Monday for DOLLY VARDEN SILVER stock after losing 2.63%
(Updated on Jun 24, 2024)
The DOLLY VARDEN SILVER stock price fell by -2.63% on the last day (Monday, 24th Jun 2024) from $0.760 to $0.740. During the last trading day the stock fluctuated 2.70% from a day low at $0.740 to a day high of $0.760. The price has fallen in 7 of the last 10 days and is down by -9.76% for this period. 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 -103 thousand shares and in total, 41 thousand shares were bought and sold for approximately $30.59 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 $0.723 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 19.26% during the next 3 months and, with a 90% probability hold a price between $0.86 and $1.16 at the end of this 3-month period.
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DOLLF Signals & Forecast
There are mixed signals in the stock today. 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 $0.783. On a fall, the stock will find some support from the short-term average at $0.737. 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 -18.99%. 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 DOLLY VARDEN SILVER stock
DOLLY VARDEN SILVER finds support from accumulated volume at $0.734 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 $0.0200 between high and low, or 2.70%. For the last week the stock has had daily average volatility of 4.54%.
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 Tuesday 25th
For the upcoming trading day on Tuesday, 25th we expect DOLLY VARDEN SILVER to open at $0.747, and during the day (based on 14 day Average True Range), to move between $0.691 and $0.789, which gives a possible trading interval of +/-$0.0488 (+/-6.59%) up or down from last closing price. If DOLLY VARDEN SILVER takes out the full calculated possible swing range there will be an estimated 13.18% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.734 (0.77%) than the resistance at $0.750 (1.35%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is DOLLY VARDEN SILVER stock A Buy?
DOLLY VARDEN SILVER holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -2.884 Sell Candidate Unchanged
Predicted Opening Price for DOLLY VARDEN SILVER of Tuesday, June 25, 2024
| Fair opening price June 25, 2024 | Current price |
|---|---|
| $0.747 ( 0.90%) | $0.740 |
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 | 0.767 | 3.60% |
| R2 | 0.759 | 2.57% |
| R1 | 0.754 | 1.93% |
| Price | 0.740 | |
| S1 | 0.739 | -0.132% |
| S2 | 0.734 | -0.769% |
| S3 | 0.727 | -1.80% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.88 | 19.26% |
| R2 | 0.770 | 4.09% |
| R1 | 0.750 | 1.35% |
| Price | 0.740 | |
| S1 | 0.734 | -0.770% |
| S2 | 0.686 | -7.32% |
| S3 | 0.668 | -9.80% |
FAQ
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