Sierra Metals Inc. Stock Forecast

Sierra Metals Inc. stock price ended at $0.572 on Friday, after losing 0%.
(Updated on Jun 28, 2024)

SMTSF Signals & Forecast

A buy signal was issued from a pivot bottom point on Thursday, June 27, 2024, and so far it has fallen 0%. 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 Sierra Metals Inc. 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 $0.590 and $0.646. 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 on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Sierra Metals Inc. stock

Sierra Metals Inc. finds support from accumulated volume at $0.570 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 periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 3.72%.

Sierra Metals Inc. is oversold on RSI14 (16). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (SMTSF) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Sierra Metals Inc. to open at $0.572, and during the day (based on 14 day Average True Range), to move between $0.549 and $0.595, which gives a possible trading interval of +/-$0.0233 (+/-4.07%) up or down from last closing price. If Sierra Metals Inc. takes out the full calculated possible swing range there will be an estimated 8.15% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.570 (0.35%) than the resistance at $0.677 (18.37%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Sierra Metals Inc. stock A Buy?

The Sierra Metals Inc. stock holds several negative signals and despite the positive trend, we believe Sierra Metals Inc. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -2.992 Sell Candidate Unchanged

Predicted Opening Price for Sierra Metals Inc. of Monday, July 1, 2024

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