A-Mark Precious Metals Stock Forecast
A-Mark Precious Metals stock upgraded to Buy Candidate.
(Updated on Apr 24, 2024)
The A-Mark Precious Metals stock price gained 1.27% on the last trading day (Wednesday, 24th Apr 2024), rising from $37.74 to $38.22. During the last trading day the stock fluctuated 3.88% from a day low at $36.88 to a day high of $38.31. The price has risen in 6 of the last 10 days but is still down by -3.95% for this period. Volume fell on the last day by -80 thousand shares and in total, 299 thousand shares were bought and sold for approximately $11.42 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
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 43.83% during the next 3 months and, with a 90% probability hold a price between $46.73 and $60.89 at the end of this 3-month period.
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AMRK Signals & Forecast
The A-Mark Precious Metals 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 $37.47 and $32.54. 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). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. 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 Friday, April 12, 2024, and so far it has fallen -6.02%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for A-Mark Precious Metals stock
A-Mark Precious Metals finds support from accumulated volume at $37.74 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 $1.43 between high and low, or 3.88%. For the last week, the stock has had daily average volatility of 3.28%.
Our recommended stop-loss: $36.47 (-4.57%) (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 (AMRK) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect A-Mark Precious Metals to open at $37.80, and during the day (based on 14 day Average True Range), to move between $36.52 and $39.92, which gives a possible trading interval of +/-$1.70 (+/-4.45%) up or down from last closing price. If A-Mark Precious Metals takes out the full calculated possible swing range there will be an estimated 8.89% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $37.74 (1.26%) than the resistance at $39.04 (2.15%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is A-Mark Precious Metals 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 A-Mark Precious Metals stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.847 Buy Candidate Upgraded
Predicted Opening Price for A-Mark Precious Metals of Thursday, April 25, 2024
Fair opening price April 25, 2024 | Current price |
---|---|
$37.80 ( 1.09%) | $38.22 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AMRK
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 39.23 | 2.65 % | |
R2 | 38.69 | 1.22 % | ||
R1 | 38.35 | 0.339 % | ||
Current price: | 38.22 | |||
Support | S1 | 37.26 | -2.52 % | |
S2 | 36.92 | -3.40 % | ||
S3 | 36.37 | -4.83 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 40.67 | 6.41 % | |
R2 | 39.79 | 4.11 % | ||
R1 | 39.04 | 2.15 % | ||
Current price | 38.22 | |||
Support | S1 | 37.74 | -1.26% | |
S2 | 37.50 | -1.88% | ||
S3 | 36.76 | -3.82% |
AMRK Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Apr 04, 2024 | Apr 15, 2024 | Apr 29, 2024 | $0.200 | 0.523% |
2 | Jan 04, 2024 | Jan 12, 2024 | Jan 29, 2024 | $0.200 | 0.709% |
3 | Aug 31, 2023 | Oct 06, 2023 | Oct 24, 2023 | $0.200 | 0.708% |
4 | Aug 31, 2023 | Sep 11, 2023 | Sep 26, 2023 | $1.00 | 3.41% |
5 | Jul 05, 2023 | Jul 14, 2023 | Jul 28, 2023 | $0.200 | 0.493% |
FAQ
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