Vizsla Silver Corp. Stock Forecast
Green day on Wednesday for Vizsla Silver Corp. stock after gaining 2.94%
(Updated on Jun 26, 2024)
The Vizsla Silver Corp. stock price gained 2.94% on the last trading day (Wednesday, 26th Jun 2024), rising from $2.38 to $2.45. During the last trading day the stock fluctuated 4.42% from a day low at $2.38 to a day high of $2.48. The price has risen in 5 of the last 10 days and is up by 4.7% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 213 thousand more shares were traded than the day before. In total, 407 thousand shares were bought and sold for approximately $996.48 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 31.39% during the next 3 months and, with a 90% probability hold a price between $2.89 and $3.64 at the end of this 3-month period.
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VZLA.V Signals & Forecast
The Vizsla Silver Corp. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $2.38 and $2.31. A breakdown below any of these levels will issue sell signals. Vizsla Silver 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. 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 Wednesday, May 29, 2024, and so far it has fallen -4.30%. 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 Vizsla Silver Corp. stock
Vizsla Silver Corp. finds support from accumulated volume at $2.34 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 $0.105 between high and low, or 4.42%. For the last week, the stock has had daily average volatility of 5.52%.
Our recommended stop-loss: $2.31 (-5.58%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 40 days ago.)
Trading Expectations (VZLA.V) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Vizsla Silver Corp. to open at $2.44, and during the day (based on 14 day Average True Range), to move between $2.33 and $2.57, which gives a possible trading interval of +/-$0.122 (+/-4.96%) up or down from last closing price. If Vizsla Silver Corp. takes out the full calculated possible swing range there will be an estimated 9.93% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $2.48 (1.22%) than the support at $2.34 (4.49%), 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 Vizsla Silver Corp. 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 Vizsla Silver Corp. stock to perform well in the short-term.
Current score: 4.368 Buy Candidate Unchanged
Predicted Opening Price for Vizsla Silver Corp. of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| $2.44 ( 0.612%) | $2.45 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VZLA.V
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2.54 | 3.67% |
| R2 | 2.50 | 2.04% |
| R1 | 2.48 | 1.02% |
| Price | 2.45 | |
| S1 | 2.39 | -2.25% |
| S2 | 2.37 | -3.26% |
| S3 | 2.33 | -4.90% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2.56 | 4.49% |
| R2 | 2.55 | 4.08% |
| R1 | 2.48 | 1.22% |
| Price | 2.45 | |
| S1 | 2.34 | -4.49% |
| S2 | 2.25 | -8.16% |
| S3 | 2.18 | -11.02% |
FAQ
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