Silver One Resources Inc. Stock Forecast

Silver One Resources Inc. stock downgraded to Sell Candidate
(Updated on May 31, 2024)

SVE.V Signals & Forecast

Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Silver One Resources Inc. 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 $0.296 and $0.292. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, April 08, 2024, and so far it has fallen -28.21%. Further fall is indicated until a new bottom pivot has been found. 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 Silver One Resources Inc. stock

On the downside, the stock finds support just below today's level from accumulated volume at $0.260 and $0.235. 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, Silver One Resources Inc. finds support just below today's level at $0.260. If this is broken, then the next support from accumulated volume will be at $0.235 and $0.215.

This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.0150 between high and low, or 5.36%. For the last week the stock has had daily average volatility of 4.16%.

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

Trading Expectations (SVE.V) For The Upcoming Trading Day Of Monday 3rd

For the upcoming trading day on Monday, 3rd we expect Silver One Resources Inc. to open at $0.285, and during the day (based on 14 day Average True Range), to move between $0.260 and $0.300, which gives a possible trading interval of +/-$0.0198 (+/-7.08%) up or down from last closing price. If Silver One Resources Inc. takes out the full calculated possible swing range there will be an estimated 14.16% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.260 (7.14%) than the resistance at $0.305 (8.93%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Silver One Resources Inc. stock A Buy?

The Silver One Resources Inc. stock holds several negative signals and despite the positive trend, we believe Silver One Resources Inc. 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 Hold/Accumulate to a Sell candidate.

Current score: -4.712 Sell Candidate Downgraded

Predicted Opening Price for Silver One Resources Inc. of Monday, June 3, 2024

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