IMPACT Silver Corp. Stock Forecast
IMPACT Silver Corp. stock price ended at $0.195 on Friday, after losing 0.307%.
(Updated on May 10, 2024)
The IMPACT Silver Corp. stock price fell by -0.307% on the last day (Friday, 10th May 2024) from $0.195 to $0.195. During the last trading day the stock fluctuated 4.21% from a day low at $0.190 to a day high of $0.198. The price has fallen in 6 of the last 10 days and is down by -17.19% 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 -265 thousand shares and in total, 363 thousand shares were bought and sold for approximately $70.56 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 $0.191 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 65.13% during the next 3 months and, with a 90% probability hold a price between $0.316 and $0.522 at the end of this 3-month period.
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ISVLF Signals & Forecast
There are mixed signals in the stock today. The IMPACT Silver Corp. 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 $0.206. On a fall, the stock will find some support from the short-term average at $0.191. 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 Tuesday, April 09, 2024, and so far it has fallen -27.93%. 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 $0.185 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 $0.0080 between high and low, or 4.21%. For the last week the stock has had daily average volatility of 4.06%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ISVLF) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect IMPACT Silver Corp. to open at $0.194, and during the day (based on 14 day Average True Range), to move between $0.180 and $0.210, which gives a possible trading interval of +/-$0.0150 (+/-7.73%) up or down from last closing price. If IMPACT Silver Corp. takes out the full calculated possible swing range there will be an estimated 15.46% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.204 (4.68%) than the support at $0.185 (4.86%), 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 IMPACT Silver Corp. stock A Buy?
IMPACT Silver Corp. 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: -3.714 Sell Candidate Unchanged
Predicted Opening Price for IMPACT Silver Corp. of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| $0.194 ( 0.206%) | $0.195 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ISVLF
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.202 | 3.91 % | |
| R2 | 0.199 | 2.34 % | ||
| R1 | 0.197 | 1.36 % | ||
| Current price: | 0.195 | |||
| Support | S1 | 0.191 | -1.78 % | |
| S2 | 0.189 | -2.75 % | ||
| S3 | 0.186 | -4.32 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.234 | 20.40 % | |
| R2 | 0.220 | 13.05 % | ||
| R1 | 0.204 | 4.68 % | ||
| Current price | 0.195 | |||
| Support | S1 | 0.185 | -4.86% | |
| S2 | 0.162 | -16.62% | ||
| S3 | 0.151 | -22.40% |
FAQ
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