Solitario Exploration & Royalty Co (USA) Stock Forecast
Solitario Exploration & Royalty Co (USA) stock price up 1.40% on Tuesday
(Updated on Apr 16, 2024)
The Solitario Exploration & Royalty Co (USA) stock price gained 1.40% on the last trading day (Tuesday, 16th Apr 2024), rising from $0.687 to $0.697. During the last trading day the stock fluctuated 7.92% from a day low at $0.658 to a day high of $0.710. The price has risen in 5 of the last 10 days and is up by 5.71% 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, 28 thousand more shares were traded than the day before. In total, 133 thousand shares were bought and sold for approximately $92.84 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 22.67% during the next 3 months and, with a 90% probability hold a price between $0.616 and $0.92 at the end of this 3-month period.
XPL Signals & Forecast
The Solitario Exploration & Royalty Co (USA) 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 $0.680 and $0.591. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Solitario Exploration & Royalty Co (USA) 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. A sell signal was issued from a pivot top point on Thursday, April 04, 2024, and so far it has fallen -4.44%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Solitario Exploration & Royalty Co (USA) stock
Solitario Exploration & Royalty Co (USA) finds support from accumulated volume at $0.680 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 $0.0521 between high and low, or 7.92%. For the last week, the stock has had daily average volatility of 5.77%.
Our recommended stop-loss: $0.665 (-4.59%) (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 (XPL) For The Upcoming Trading Day Of Wednesday 17th
For the upcoming trading day on Wednesday, 17th we expect Solitario Exploration & Royalty Company (USA) to open at $0.688, and during the day (based on 14 day Average True Range), to move between $0.656 and $0.737, which gives a possible trading interval of +/-$0.0406 (+/-5.82%) up or down from last closing price. If Solitario Exploration & Royalty Company (USA) takes out the full calculated possible swing range there will be an estimated 11.65% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.680 (2.38%) than the resistance at $0.729 (4.65%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Solitario Exploration & Royalty Company (USA) 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 Solitario Exploration & Royalty Co (USA) stock to perform well in the short-term.
Current score: 4.673 Buy Candidate Unchanged
Predicted Opening Price for Solitario Exploration & Royalty Company (USA) of Wednesday, April 17, 2024
Fair opening price April 17, 2024 | Current price |
---|---|
$0.688 ( 1.21%) | $0.697 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for XPL
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.740 | 6.27 % | |
R2 | 0.720 | 3.41 % | ||
R1 | 0.708 | 1.65 % | ||
Current price: | 0.697 | |||
Support | S1 | 0.668 | -4.07 % | |
S2 | 0.656 | -5.83 % | ||
S3 | 0.636 | -8.69 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 0.729 | 4.65 % | ||
Current price | 0.697 | |||
Support | S1 | 0.680 | -2.38% | |
S2 | 0.680 | -2.45% | ||
S3 | 0.560 | -19.61% |
FAQ
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