ENDEAVOUR MINING COR Stock Forecast
Green day on Friday for ENDEAVOUR MINING COR
(Updated on Apr 26, 2024)
The ENDEAVOUR MINING COR stock price gained 2.06% on the last trading day (Friday, 26th Apr 2024), rising from $20.89 to $21.32. During the last trading day the stock fluctuated 3.81% from a day low at $20.80 to a day high of $21.59. The price has been going up and down for this period, and there has been a -3.64% loss for the last 2 weeks. Volume fell on the last day by -10 thousand shares and in total, 6 thousand shares were bought and sold for approximately $117.64 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 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 34.64% during the next 3 months and, with a 90% probability hold a price between $27.03 and $31.08 at the end of this 3-month period.
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EDVMF Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Friday, April 12, 2024, and so far it has fallen -3.64%. 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 also not. The ENDEAVOUR MINING COR stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $21.15 and $20.24. A breakdown below any of these levels will issue sell signals.
Support, Risk & Stop-loss for ENDEAVOUR MINING COR stock
On the downside, the stock finds support just below today's level from accumulated volume at $18.70 and $18.65. 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, ENDEAVOUR MINING COR finds support just below today's level at $18.70. If this is broken, then the next support from accumulated volume will be at $18.65 and $16.62.
In general the stock tends to have controlled movements and therefore the general risk is considered low. However, be aware of low or falling volume and make sure to keep an eye on the stock. During the last day, the stock moved $0.793 between high and low, or 3.81%. For the last week the stock has had daily average volatility of 3.44%.
Our recommended stop-loss: $20.41 (-4.29%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 10 days ago.)
Trading Expectations (EDVMF) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect ENDEAVOUR MINING COR to open at $21.24, and during the day (based on 14 day Average True Range), to move between $20.56 and $22.08, which gives a possible trading interval of +/-$0.764 (+/-3.58%) up or down from last closing price. If ENDEAVOUR MINING COR takes out the full calculated possible swing range there will be an estimated 7.16% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $21.67 (1.64%) than the support at $18.70 (12.29%), 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 ENDEAVOUR MINING COR 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 ENDEAVOUR MINING COR stock to perform well in the short-term.
Current score: 1.888 Buy Candidate Unchanged
Predicted Opening Price for ENDEAVOUR MINING COR of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $21.24 ( 0.386%) | $21.32 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EDVMF
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 22.03 | 3.33 % | |
| R2 | 21.73 | 1.91 % | ||
| R1 | 21.54 | 1.03 % | ||
| Current price: | 21.32 | |||
| Support | S1 | 20.93 | -1.81 % | |
| S2 | 20.75 | -2.68 % | ||
| S3 | 20.44 | -4.11 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 22.13 | 3.78 % | |
| R2 | 21.88 | 2.62 % | ||
| R1 | 21.67 | 1.64 % | ||
| Current price | 21.32 | |||
| Support | S1 | 18.70 | -12.29% | |
| S2 | 18.65 | -12.52% | ||
| S3 | 16.62 | -22.05% |
EDVMF Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 22, 2024 | Feb 22, 2024 | Mar 25, 2024 | $0.410 | 2.22% |
| 2 | Aug 03, 2023 | Aug 31, 2023 | Sep 26, 2023 | $0.400 | 2.02% |
| 3 | Jan 27, 2023 | Feb 23, 2023 | Mar 28, 2023 | $0.410 | 1.74% |
| 4 | Aug 31, 2022 | Sep 01, 2022 | Sep 28, 2022 | $0.400 | 2.19% |
| 5 | Feb 03, 2022 | Feb 10, 2022 | Mar 16, 2022 | $0.280 | 1.15% |
FAQ
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