United States Antimony Corp Stock Forecast
Green day on Thursday for United States Antimony Corp stock after gaining 1.74%
(Updated on May 02, 2024)
The United States Antimony Corp stock price gained 1.74% on the last trading day (Thursday, 2nd May 2024), rising from $0.212 to $0.216. During the last trading day the stock fluctuated 3.14% from a day low at $0.213 to a day high of $0.220. The price has fallen in 6 of the last 10 days and is down by -12.55% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 61 thousand more shares were traded than the day before. In total, 110 thousand shares were bought and sold for approximately $23.72 thousand.
The stock lies in the lower part of a very wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.213 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 6.92% during the next 3 months and, with a 90% probability hold a price between $0.227 and $0.315 at the end of this 3-month period.
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UAMY Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, May 01, 2024, and so far it has risen 1.74%. Further rise is indicated until a new top pivot has been found. United States Antimony Corp has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. The United States Antimony 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 $0.225 and $0.248. 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).
Support, Risk & Stop-loss for United States Antimony Corp stock
United States Antimony Corp finds support from accumulated volume at $0.214 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.0067 between high and low, or 3.14%. For the last week, the stock has had daily average volatility of 7.19%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (UAMY) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect United States Antimony Corp to open at $0.216, and during the day (based on 14 day Average True Range), to move between $0.198 and $0.234, which gives a possible trading interval of +/-$0.0184 (+/-8.51%) up or down from last closing price. If United States Antimony Corp takes out the full calculated possible swing range there will be an estimated 17.03% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.214 (0.97%) than the resistance at $0.232 (7.41%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is United States Antimony Corp stock A Buy?
The United States Antimony Corp stock holds several negative signals and despite the positive trend, we believe United States Antimony Corp will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.509 Sell Candidate Unchanged
Predicted Opening Price for United States Antimony Corp of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| $0.216 ( 0.201%) | $0.216 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for UAMY
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.223 | 3.30 % | |
| R2 | 0.221 | 2.12 % | ||
| R1 | 0.219 | 1.39 % | ||
| Current price: | 0.216 | |||
| Support | S1 | 0.214 | -0.98 % | |
| S2 | 0.212 | -1.72 % | ||
| S3 | 0.210 | -2.90 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.267 | 23.43 % | |
| R2 | 0.243 | 12.50 % | ||
| R1 | 0.232 | 7.41 % | ||
| Current price | 0.216 | |||
| Support | S1 | 0.214 | -0.97% | |
| S2 | 0.212 | -1.71% | ||
| S3 | 0.211 | -2.31% |
FAQ
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