Excelsior Mining Corp. Stock Forecast

Excelsior Mining Corp. stock downgraded from Buy Candidate to Hold/Accumulate after Friday trading session.
(Updated on May 17, 2024)

MIN.TO Signals & Forecast

The Excelsior Mining 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 $0.233 and $0.200. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, April 24, 2024, and so far it has risen 36.11%. Further rise is indicated until a new top pivot has been found. Excelsior Mining Corp. has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Excelsior Mining Corp. stock

On the downside, the stock finds support just below today's level from accumulated volume at $0.230 and $0.210. 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, Excelsior Mining Corp. finds support just below today's level at $0.230. If this is broken, then the next support from accumulated volume will be at $0.210 and $0.185.

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 $0.0150 between high and low, or 6.25%. For the last week, the stock has had daily average volatility of 5.74%.

Our recommended stop-loss: $0.233 (-5.04%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 21 days ago.)

Trading Expectations (MIN.TO) For The Upcoming Trading Day Of Tuesday 21st

For the upcoming trading day on Tuesday, 21st we expect Excelsior Mining Corp. to open at $0.247, and during the day (based on 14 day Average True Range), to move between $0.231 and $0.259, which gives a possible trading interval of +/-$0.0136 (+/-5.57%) up or down from last closing price. If Excelsior Mining Corp. takes out the full calculated possible swing range there will be an estimated 11.14% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $0.230, some $0.0150 (6.12%) from the current price of $0.245, our system finds the risk reward attractive.

Is Excelsior Mining Corp. stock A Buy?

Excelsior Mining 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 Excelsior Mining Corp. of Tuesday, May 21, 2024

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