Pan American Silver Corp. Stock Forecast

Pan American Silver Corp. stock downgraded to Hold/Accumulate
(Updated on Apr 26, 2024)

PAAS Signals & Forecast

There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Thursday, April 11, 2024, and so far it has fallen -2.96%. 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). The Pan American 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 $18.80 and $16.52. A breakdown below any of these levels will issue sell signals. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.

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

Pan American Silver Corp. finds support from accumulated volume at $18.07 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 a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.555 between high and low, or 2.95%. For the last week, the stock has had daily average volatility of 3.39%.

Our recommended stop-loss: $18.29 (-3.83%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 11 days ago.)

Trading Expectations (PAAS) For The Upcoming Trading Day Of Monday 29th

For the upcoming trading day on Monday, 29th we expect Pan American Silver Corp. to open at $19.06, and during the day (based on 14 day Average True Range), to move between $18.29 and $19.75, which gives a possible trading interval of +/-$0.727 (+/-3.82%) up or down from last closing price. If Pan American Silver Corp. takes out the full calculated possible swing range there will be an estimated 7.64% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $19.03 (0.05%) than the support at $18.07 (4.99%), 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 Pan American Silver Corp. stock A Buy?

Pan American 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: 0.895 Hold/Accumulate Downgraded

Predicted Opening Price for Pan American Silver Corp. of Monday, April 29, 2024

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