Klondike Silver Corp. Stock Forecast

High volatility in Klondike Silver Corp. stock price on Friday which ended trading at $0.0450
(Updated on May 17, 2024)

KS.V Signals & Forecast

The Klondike 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 $0.0429 and $0.0413. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". The very low volume increases the risk and reduces the other technical signals issued. 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 Thursday, May 16, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for Klondike Silver Corp. stock

On the downside, the stock finds support just below today's level from accumulated volume at $0.0400 and $0.0350. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $0.0350 may give a huge drop in the stock price.

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 $0.0100 between high and low, or 28.57%. For the last week, the stock has had daily average volatility of 16.79%.

Our recommended stop-loss: $0.0433 (-3.88%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 1 day ago.)

Trading Expectations (KS.V) For The Upcoming Trading Day Of Tuesday 21st

For the upcoming trading day on Tuesday, 21st we expect Klondike Silver Corp. to open at $0.0417, and during the day (based on 14 day Average True Range), to move between $0.0398 and $0.0502, which gives a possible trading interval of +/-$0.0052 (+/-11.57%) up or down from last closing price. If Klondike Silver Corp. takes out the full calculated possible swing range there will be an estimated 23.14% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.0400 (11.11%) than the resistance at $0.0500 (11.11%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Klondike Silver Corp. stock A Buy?

Klondike Silver Corp. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: 0.000 Hold/Accumulate Downgraded

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for Klondike Silver Corp. of Tuesday, May 21, 2024

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