Kuya Silver Corp. Stock Forecast
Kuya Silver Corp. stock downgraded from Buy Candidate to Sell Candidate after Friday trading session.
(Updated on May 10, 2024)
The Kuya Silver Corp. stock price fell by -3.88% on the last day (Friday, 10th May 2024) from $0.291 to $0.280. During the last trading day the stock fluctuated 4.14% from a day low at $0.277 to a day high of $0.289. The price has been going up and down for this period, and there has been a -9.57% loss for the last 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 -30 thousand shares and in total, 74 thousand shares were bought and sold for approximately $20.78 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 $0.264 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 74.06% during the next 3 months and, with a 90% probability hold a price between $0.460 and $0.697 at the end of this 3-month period.
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KUYAF Signals & Forecast
There are mixed signals in the stock today. The Kuya 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 $0.283. On a fall, the stock will find some support from the short-term average at $0.274. 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 Thursday, April 04, 2024, and so far it has fallen -15.01%. 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 Kuya Silver Corp. stock
Kuya Silver Corp. finds support from accumulated volume at $0.277 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.0115 between high and low, or 4.14%. For the last week the stock has had daily average volatility of 7.53%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (KUYAF) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect Kuya Silver Corp. to open at $0.282, and during the day (based on 14 day Average True Range), to move between $0.260 and $0.299, which gives a possible trading interval of +/-$0.0195 (+/-6.96%) up or down from last closing price. If Kuya Silver Corp. takes out the full calculated possible swing range there will be an estimated 13.93% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.277 (1.11%) than the resistance at $0.308 (10.12%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Kuya Silver Corp. stock A Buy?
Kuya 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. 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 Sell candidate.
Current score: -4.820 Sell Candidate Downgraded
Predicted Opening Price for Kuya Silver Corp. of Monday, May 13, 2024
Fair opening price May 13, 2024 | Current price |
---|---|
$0.282 ( 0.787%) | $0.280 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KUYAF
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.293 | 4.89 % | |
R2 | 0.289 | 3.32 % | ||
R1 | 0.286 | 2.35 % | ||
Current price: | 0.280 | |||
Support | S1 | 0.278 | -0.781 % | |
S2 | 0.275 | -1.75 % | ||
S3 | 0.270 | -3.32 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.329 | 17.66 % | |
R2 | 0.310 | 10.83 % | ||
R1 | 0.308 | 10.12 % | ||
Current price | 0.280 | |||
Support | S1 | 0.277 | -1.11% | |
S2 | 0.276 | -1.18% | ||
S3 | 0.214 | -23.67% |
FAQ
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