First Majestic Silver Corp. Stock Forecast
First Majestic Silver Corp. stock price down 0% on Wednesday
(Updated on Apr 24, 2024)
No changes to the price of First Majestic Silver Corp. stock on the last trading day (Wednesday, 24th Apr 2024). During the last trading day the stock fluctuated 2.50% from a day low at $9.20 to a day high of $9.43. The price has fallen in 7 of the last 10 days and is down by -13.88% for this period.
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 63.82% during the next 3 months and, with a 90% probability hold a price between $14.12 and $19.27 at the end of this 3-month period.
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FR.TO Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Tuesday, April 09, 2024, and so far it has fallen -14.98%. 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 price remained unchanged. This may be an early warning, but it may also not. We still recommend that you pay attention over the next couple of days. The First Majestic Silver Corp. 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 $9.30 and $8.64. A breakdown below any of these levels will issue sell signals.
Support, Risk & Stop-loss for First Majestic Silver Corp. stock
First Majestic Silver Corp. finds support from accumulated volume at $9.00 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 $0.230 between high and low, or 2.50%. For the last week, the stock has had daily average volatility of 5.18%.
Our recommended stop-loss: $8.73 (-6.28%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 11 days ago.)
Trading Expectations (FR.TO) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect First Majestic Silver Corp. to open at $9.31, and during the day (based on 14 day Average True Range), to move between $8.74 and $9.88, which gives a possible trading interval of +/-$0.571 (+/-6.13%) up or down from last closing price. If First Majestic Silver Corp. takes out the full calculated possible swing range there will be an estimated 12.26% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $9.46 (1.61%) than the support at $9.00 (3.33%), 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
First Majestic Silver Corp. will release earnings BMO on Thursday, May 02, 2024.The consensus among the analysts for the expected earnings (EPS) is -$0.0400. We will update the financials statements for First Majestic Silver Corp., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 7.75% in the first trading day after earnings release.
Is First Majestic Silver Corp. 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 First Majestic Silver Corp. stock to perform well in the short-term.
Current score: 2.004 Buy Candidate Unchanged
Predicted Opening Price for First Majestic Silver Corp. of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| $9.31 ( 0.0358%) | $9.31 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FR.TO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 9.54 | 2.51 % | |
| R2 | 9.46 | 1.56 % | ||
| R1 | 9.40 | 0.98 % | ||
| Current price: | 9.31 | |||
| Support | S1 | 9.23 | -0.91 % | |
| S2 | 9.17 | -1.49 % | ||
| S3 | 9.08 | -2.43 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 10.37 | 11.39 % | |
| R2 | 10.17 | 9.24 % | ||
| R1 | 9.46 | 1.61 % | ||
| Current price | 9.31 | |||
| Support | S1 | 9.00 | -3.33% | |
| S2 | 8.44 | -9.34% | ||
| S3 | 7.14 | -23.31% |
FR Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 22, 2024 | Mar 13, 2024 | Mar 28, 2024 | $0.0060 | 0.0755% |
| 2 | Nov 02, 2023 | Nov 14, 2023 | Nov 30, 2023 | $0.0060 | 0.0740% |
| 3 | Aug 03, 2023 | Aug 15, 2023 | Aug 31, 2023 | $0.0070 | 0.0844% |
| 4 | May 04, 2023 | May 17, 2023 | Jun 09, 2023 | $0.0080 | 0.105% |
| 5 | Feb 23, 2023 | Mar 09, 2023 | Mar 24, 2023 | $0.0070 | 0.0780% |
FAQ
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