AMRK Forecast and Technical Stock Analysis
Buy candidate since 2019-08-09 Gain 0.71%
A-Mark Precious Metals gained 0.79% in the last trading day ( Monday, 19th Aug 2019 ), rising from $14.00 to $14.11 During the day the stock fluctuated 2.78% from a day low at $14.05 to a day high of $14.44. The price has fallen in 6 of the last 10 days , but is still up by 4.53% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 1 781 more shares were traded than the day before. In total, 6 308 shares bought and sold for approximately $89 005.90.
- 30 day high of the AMRK stock price was $15.15 and low was $11.89.
- 90 day high was $15.15 and low was $11.63.
- 52 week high for A-Mark Precious Metals - $15.15 and low - $10.45.
A-Mark Precious Metals lies in the upper part of a wide and weak rising trend in the short term, and this will normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $14.51 will firstly indicate a stronger raising rate. Given the current short-term trend, the stock is expected to rise 4.17% during the next 3 months and, with 90% probability hold a price between $12.54 and $15.11 at the end of this period.
Only positive signals in the chart today. A-Mark Precious Metals holds buy signals from both short- and long-term moving averages. In addition, 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 $14.06 and $12.93. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday August 14, 2019, which indicates further gains until a new top pivot has been found. A-Mark Precious Metals has rising 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.
* Golden Star Signal* is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 75 ]
RSI14 is 73 and the stock is currently not being overbought or oversold
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.
Support & Resistance
On the downside, the stock finds support just below today's level from accumulated volume at $12.99 and $12.75.
There is 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, A-Mark Precious Metals finds support just below today's level at $12.99. If this is broken, then the next support from accumulated volume will be at $12.75 and $12.68.
This stock may move much during a 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 $0.39 between high and low, or 2.78%. For the last week, the stock has had a daily average volatility of 1.88%.
Our recommended stop-loss: $13.26 (-6.02%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 3 days ago.)
1.88 %Average volatility
Very Low Low Medium High Very High
A-Mark Precious Metals holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our recommendation for this stock since last evaluation from a Buy Candidate to a Strong Buy Candidate.
|AMRK $14.11 ($0.11 0.79%)|
AMRK is up $0.11 today, but where's it headed in 2019?
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Golden Star Signal
This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star.
This signal is rare and, in most cases, gives substantial returns. From 8.000 stocks usually only a few will trigger a Golden Star Signal per day!