Avino Silver & Gold Mines Ltd (USA) Stock Forecast
Avino Silver & Gold Mines Ltd (USA) stock price ended at $0.745 on Friday, after gaining 0.99%.
(Updated on Apr 19, 2024)
The Avino Silver & Gold Mines Ltd (USA) stock price gained 0.99% on the last trading day (Friday, 19th Apr 2024), rising from $0.738 to $0.745. During the last trading day the stock fluctuated 3.14% from a day low at $0.732 to a day high of $0.755. The price has fallen in 7 of the last 10 days and is down by -7.98% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 100 thousand more shares were traded than the day before. In total, 517 thousand shares were bought and sold for approximately $385.22 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 72.74% during the next 3 months and, with a 90% probability hold a price between $1.15 and $1.50 at the end of this 3-month period.
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ASM Signals & Forecast
The Avino Silver & Gold Mines Ltd (USA) 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 $0.756. On a fall, the stock will find some support from the long-term average at approximately $0.648. 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. Avino Silver & Gold Mines Ltd (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. 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 Friday, April 05, 2024, and so far it has fallen -7.98%. 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 Avino Silver & Gold Mines Ltd (USA) stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.623 and $0.590. 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, Avino Silver & Gold Mines Ltd (USA) finds support just below today's level at $0.623. If this is broken, then the next support from accumulated volume will be at $0.590 and $0.568.
This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.0230 between high and low, or 3.14%. For the last week, the stock has had daily average volatility of 5.54%.
Our recommended stop-loss: $0.703 (-5.64%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 10 days ago.)
Trading Expectations (ASM) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect Avino Silver & Gold Mines Ltd (USA) to open at $0.744, and during the day (based on 14 day Average True Range), to move between $0.696 and $0.795, which gives a possible trading interval of +/-$0.0498 (+/-6.68%) up or down from last closing price. If Avino Silver & Gold Mines Ltd (USA) takes out the full calculated possible swing range there will be an estimated 13.37% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.765 (2.67%) than the support at $0.623 (16.42%), 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 Avino Silver & Gold Mines Ltd (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 Avino Silver & Gold Mines Ltd (USA) stock to perform well in the short-term.
Current score: 1.240 Buy Candidate Unchanged
Predicted Opening Price for Avino Silver & Gold Mines Ltd (USA) of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| $0.744 ( 0.215%) | $0.745 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ASM
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.767 | 2.87 % | |
| R2 | 0.758 | 1.69 % | ||
| R1 | 0.753 | 0.96 % | ||
| Current price: | 0.745 | |||
| Support | S1 | 0.735 | -1.39 % | |
| S2 | 0.730 | -2.12 % | ||
| S3 | 0.721 | -3.30 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.81 | 8.67 % | |
| R2 | 0.81 | 8.53 % | ||
| R1 | 0.765 | 2.67 % | ||
| Current price | 0.745 | |||
| Support | S1 | 0.623 | -16.42% | |
| S2 | 0.590 | -20.91% | ||
| S3 | 0.568 | -23.83% |
FAQ
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