RSI low/high Values: [ 20 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of GATO
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Gatos Silver, Inc. stock upgraded from Buy Candidate to Strong Buy Candidate after Thursday trading session.
(Updated on Mar 28, 2024)

Buy or Hold candidate since Mar 01, 2024 Gain 31.30% PDF

The Gatos Silver, Inc. stock price gained 2.69% on the last trading day (Thursday, 28th Mar 2024), rising from $8.17 to $8.39. During the last trading day the stock fluctuated 5.45% from a day low at $8.07 to a day high of $8.51. The price has risen in 6 of the last 10 days and is up by 7.7% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 36 thousand more shares were traded than the day before. In total, 264 thousand shares were bought and sold for approximately $2.22 million.

The stock lies in the upper part of a very wide and strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $8.72 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 32.92% during the next 3 months and, with a 90% probability hold a price between $8.48 and $11.59 at the end of this 3-month period.

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GATO Signals & Forecast

The Gatos Silver, Inc. 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 $8.17 and $6.98. A breakdown below any of these levels will issue sell signals. Volume is rising along with the price. This is considered to be a good technical signal. 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 Wednesday, March 20, 2024, and so far it has fallen -1.41%. 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).

Support, Risk & Stop-loss for Gatos Silver, Inc. stock

On the downside, the stock finds support just below today's level from accumulated volume at $6.99 and $6.85. 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, Gatos Silver, Inc. finds support just below today's level at $6.99. If this is broken, then the next support from accumulated volume will be at $6.85 and $6.59.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.440 between high and low, or 5.45%. For the last week, the stock has had daily average volatility of 4.52%.

Our recommended stop-loss: $8.04 (-4.19%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 6 days ago.)

Trading Expectations (GATO) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Gatos Silver, Inc. to open at $8.32, and during the day (based on 14 day Average True Range), to move between $7.94 and $8.84, which gives a possible trading interval of +/-$0.446 (+/-5.31%) up or down from last closing price. If Gatos Silver, Inc. takes out the full calculated possible swing range there will be an estimated 10.63% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $8.51 (1.43%) than the support at $6.99 (16.69%), 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 Gatos Silver, Inc. stock A Buy?

Gatos Silver, Inc. holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.

Current score: 5.767 Strong Buy Candidate Upgraded

Predicted Opening Price for Gatos Silver, Inc. of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$8.32 ( 0.795%) $8.39

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

Trading levels for GATO

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 8.76 4.45 %
R2 8.60 2.45 %
R1 8.49 1.21 %
Current price: 8.39
Support S1 8.16 -2.80 %
S2 8.05 -4.04 %
S3 7.88 -6.04 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 8.51 1.43 %
Current price 8.39
Support S1 6.99 -16.69%
S2 6.85 -18.36%
S3 6.59 -21.45%

FAQ

What is the symbol for Gatos Silver, Inc. Stock and on which exchange is it traded?
The symbol for Gatos Silver, Inc. is GATO and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Gatos Silver, Inc. Stock?
Gatos Silver, Inc. holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.

How to buy Gatos Silver, Inc. Stock?
Gatos Silver, Inc. Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Gatos Silver, Inc. Stock.

What's the current price of Gatos Silver, Inc. Stock?
As of the end of day on the 2024-03-28, the price of an Gatos Silver, Inc. (GATO) share was $8.39.

What is the 52-week high and low for Gatos Silver, Inc. Stock?
The 52-week high for Gatos Silver, Inc. Stock is $8.82 and the 52-week low is $3.51.

What is the market capitalization of Gatos Silver, Inc. Stock?
As of the 2024-03-28, the market capitalization of Gatos Silver, Inc. is 580.429M.

When is the next earnings date for Gatos Silver, Inc.?
The upcoming earnings date for Gatos Silver, Inc. is Jun 04, 2024.
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About Gatos Silver, Inc.

Gatos Silver. Gatos Silver, Inc. engages in the exploration, development, and production of precious metals. It primarily explores for silver ores. The company also explores for zinc, lead, copper, and gold ores. Its flagship asset is the Cerro Los Gatos mine located at the Los Gatos District in Chihuahua state, Mexico. The company was formerly known as Sunshine Silver Mining & Refining Corporation and changed its name to Gatos Silver, Inc. in October 2020. Ga... GATO Profile

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