Americas Silver Corporation Stock Forecast
Green day on Thursday for Americas Silver Corporation
(Updated on Apr 25, 2024)
The Americas Silver Corporation stock price gained 1.42% on the last trading day (Thursday, 25th Apr 2024), rising from $0.261 to $0.265. During the last trading day the stock fluctuated 4.25% from a day low at $0.259 to a day high of $0.270. The price has risen in 6 of the last 10 days but is still down by -8.06% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 253 thousand more shares were traded than the day before. In total, 883 thousand shares were bought and sold for approximately $233.70 thousand.
The stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 20.72% during the next 3 months and, with a 90% probability hold a price between $0.271 and $0.385 at the end of this 3-month period.
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USAS Signals & Forecast
The Americas Silver Corporation stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $0.267. On a fall, the stock will find some support from the long-term average at approximately $0.247. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Americas Silver Corporation 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. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Monday, April 15, 2024, and so far it has fallen -15.13%. 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).
Support, Risk & Stop-loss for Americas Silver Corporation stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.249 and $0.220. 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, Americas Silver Corporation finds support just below today's level at $0.249. If this is broken, then the next support from accumulated volume will be at $0.220 and $0.203.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.0110 between high and low, or 4.25%. For the last week, the stock has had daily average volatility of 7.34%.
Our recommended stop-loss: $0.249 (-5.94%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 8 days ago.)
Trading Expectations (USAS) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Americas Silver Corporation to open at $0.264, and during the day (based on 14 day Average True Range), to move between $0.242 and $0.287, which gives a possible trading interval of +/-$0.0225 (+/-8.50%) up or down from last closing price. If Americas Silver Corporation takes out the full calculated possible swing range there will be an estimated 17.00% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.265 (0.15%) than the support at $0.249 (6.12%), 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 Americas Silver Corporation stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Americas Silver Corporation stock to perform well in the short-term.
Current score: 3.015 Buy Candidate Unchanged
Predicted Opening Price for Americas Silver Corporation of Friday, April 26, 2024
Fair opening price April 26, 2024 | Current price |
---|---|
$0.264 ( 0.151%) | $0.265 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for USAS
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.275 | 4.00 % | |
R2 | 0.271 | 2.42 % | ||
R1 | 0.269 | 1.44 % | ||
Current price: | 0.265 | |||
Support | S1 | 0.260 | -1.74 % | |
S2 | 0.258 | -2.72 % | ||
S3 | 0.253 | -4.31 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.297 | 12.12 % | |
R2 | 0.284 | 7.21 % | ||
R1 | 0.265 | 0.151 % | ||
Current price | 0.265 | |||
Support | S1 | 0.249 | -6.12% | |
S2 | 0.220 | -16.92% | ||
S3 | 0.203 | -23.26% |
FAQ
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