Southern Silver Exploration Corp. Stock Forecast

Weaker technical forecast for Southern Silver Exploration Corp. as stock downgraded to Sell Candidate.
(Updated on May 02, 2024)

SSVFF Signals & Forecast

There are few to no technical positive signals at the moment. The Southern Silver Exploration Corp. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $0.144 and $0.143. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, May 01, 2024, and so far it has fallen 0%. 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 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 Southern Silver Exploration Corp. stock

On the downside, the stock finds support just below today's level from accumulated volume at $0.123 and $0.122. 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, Southern Silver Exploration Corp. finds support just below today's level at $0.123. If this is broken, then the next support from accumulated volume will be at $0.122 and $0.121.

In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock 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 5.62%

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

Trading Expectations (SSVFF) For The Upcoming Trading Day Of Friday 3rd

For the upcoming trading day on Friday, 3rd we expect Southern Silver Exploration Corp. to open at $0.143, and during the day (based on 14 day Average True Range), to move between $0.129 and $0.157, which gives a possible trading interval of +/-$0.0141 (+/-9.87%) up or down from last closing price. If Southern Silver Exploration Corp. takes out the full calculated possible swing range there will be an estimated 19.75% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.145 (1.40%) than the support at $0.123 (14.03%), 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 Southern Silver Exploration Corp. stock A Buy?

The Southern Silver Exploration Corp. stock holds several negative signals and despite the positive trend, we believe Southern Silver Exploration Corp. will perform weakly in the next couple of days or weeks. Therefore, we 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: -3.872 Sell Candidate Downgraded

Predicted Opening Price for Southern Silver Exploration Corp. of Friday, May 3, 2024

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