IMPACT Silver Corp. Stock Forecast
IMPACT Silver Corp. stock price ended at $0.255 on Tuesday, after losing 3.77%.
(Updated on May 14, 2024)
The IMPACT Silver Corp. stock price fell by -3.77% on the last day (Tuesday, 14th May 2024) from $0.265 to $0.255. During the last trading day the stock fluctuated 3.92% from a day low at $0.255 to a day high of $0.265. The price has fallen in 4 of the last 10 days but is still up by 2% over the past 2 weeks. 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 -132 thousand shares and in total, 187 thousand shares were bought and sold for approximately $47.75 thousand.
Given the current short-term trend, the stock is expected to rise 59.35% during the next 3 months and, with a 90% probability hold a price between $0.406 and $0.682 at the end of this 3-month period.
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IPT.V Signals & Forecast
There are few to no technical positive signals at the moment. The IMPACT Silver Corp. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $0.261 and $0.284. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, April 08, 2024, and so far it has fallen -29.17%. 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 IMPACT Silver Corp. stock
IMPACT Silver Corp. finds support from accumulated volume at $0.250 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 $0.0100 between high and low, or 3.92%. For the last week the stock has had daily average volatility of 3.13%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (IPT.V) For The Upcoming Trading Day Of Wednesday 15th
For the upcoming trading day on Wednesday, 15th we expect IMPACT Silver Corp. to open at $0.258, and during the day (based on 14 day Average True Range), to move between $0.238 and $0.272, which gives a possible trading interval of +/-$0.0167 (+/-6.57%) up or down from last closing price. If IMPACT Silver Corp. takes out the full calculated possible swing range there will be an estimated 13.14% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.250 (1.96%) than the resistance at $0.265 (3.92%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is IMPACT Silver Corp. stock A Buy?
The IMPACT Silver Corp. stock holds several negative signals and despite the positive trend, we believe IMPACT Silver Corp. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -1.215 Sell Candidate Unchanged
Predicted Opening Price for IMPACT Silver Corp. of Wednesday, May 15, 2024
| Fair opening price May 15, 2024 | Current price |
|---|---|
| $0.258 ( 1.31%) | $0.255 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IPT.V
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.268 | 5.23 % | |
| R2 | 0.265 | 3.73 % | ||
| R1 | 0.262 | 2.81 % | ||
| Current price: | 0.255 | |||
| Support | S1 | 0.255 | -0.191 % | |
| S2 | 0.252 | -1.12 % | ||
| S3 | 0.248 | -2.61 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.300 | 17.65 % | |
| R2 | 0.295 | 15.69 % | ||
| R1 | 0.265 | 3.92 % | ||
| Current price | 0.255 | |||
| Support | S1 | 0.250 | -1.96% | |
| S2 | 0.200 | -21.57% | ||
| S3 | 0.195 | -23.53% |
FAQ
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