Reyna Silver Corp. Stock Forecast
Big movements in Reyna Silver Corp. stock price on Friday moving 12.38% between high and low
(Updated on May 10, 2024)
The Reyna Silver Corp. stock price gained 0.411% on the last trading day (Friday, 10th May 2024), rising from $0.110 to $0.110. During the last trading day the stock fluctuated 12.38% from a day low at $0.101 to a day high of $0.114. The price has been going up and down for this period, and there has been a -9.84% loss for the last 2 weeks. Volume fell on the last day by -65 thousand shares and in total, 153 thousand shares were bought and sold for approximately $16.88 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
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 $0.106 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 30.60% during the next 3 months and, with a 90% probability hold a price between $0.138 and $0.224 at the end of this 3-month period.
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RSNVF Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, May 08, 2024, and so far it has risen 5.26%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Reyna Silver Corp. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $0.110 and $0.118. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued. The stock had a Golden Star Signal on Thursday, March 28, 2024 in the short-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star
The stock had a Golden Star Signal on Thursday, March 28, 2024 in the short-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Reyna Silver Corp. stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.0935 and $0.0880. 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, Reyna Silver Corp. finds support just below today's level at $0.0935. If this is broken, then the next support from accumulated volume will be at $0.0880 and $0.0873.
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 $0.0125 between high and low, or 12.38%. For the last week the stock has had daily average volatility of 8.16%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (RSNVF) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect Reyna Silver Corp. to open at $0.108, and during the day (based on 14 day Average True Range), to move between $0.100 and $0.120, which gives a possible trading interval of +/-$0.0099 (+/-8.99%) up or down from last closing price. If Reyna Silver Corp. takes out the full calculated possible swing range there will be an estimated 17.98% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.117 (6.55%) than the support at $0.0935 (15.00%), 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 Reyna Silver Corp. stock A Buy?
The Reyna Silver Corp. stock holds several negative signals and despite the positive trend, we believe Reyna Silver Corp. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.985 Sell Candidate Unchanged
Predicted Opening Price for Reyna Silver Corp. of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| $0.108 ( 1.67%) | $0.110 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for RSNVF
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.121 | 9.70 % | |
| R2 | 0.116 | 5.36 % | ||
| R1 | 0.113 | 2.67 % | ||
| Current price: | 0.110 | |||
| Support | S1 | 0.103 | -6.01 % | |
| S2 | 0.100 | -8.69 % | ||
| S3 | 0.0957 | -13.03 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.137 | 24.27 % | |
| R2 | 0.129 | 17.27 % | ||
| R1 | 0.117 | 6.55 % | ||
| Current price | 0.110 | |||
| Support | S1 | 0.0935 | -15.00% | |
| S2 | 0.0880 | -20.00% | ||
| S3 | 0.0873 | -20.64% |
FAQ
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