AUMN - Golden Minerals Company

Industry: Industrial Metals & Minerals Sector: Basic Materials Exchange: NYSE

AUMN - Golden Minerals Company

Industry: Industrial Metals & Minerals Sector: Basic Materials Exchange: NYSE
#1583()/7534

Fri 19'th Oct 2018

PERIOD 2018-07-20 - 2018-10-19
CHANGE 0.00%
PRICE $0.26
VOLUME
Sell
TREND
Hold

MV LONG
Buy

MV SHORT
Buy

PIVOT
Sell

MACD
Buy

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Golden Minerals Company Stock Analysis

Technical stock analysis for Fri 19'th Oct 2018

Hold candidate since 2018-10-19
Shorts 17.67% ( 2018-09-28 )
Cash 5.2 mill
Loans n/a
Beta -0.14
ROA -37.59

No changes to the price of Golden Minerals Company in the last trading day. The price has been going up and down for this period, and there has been a 19.17% gain for the last 2 weeks.

Trend

Golden Minerals Company has broken the very wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction there will be support on the roof on the current trend broken, which is $0.25, a level that may pose a second chance to hit a runner. According to fan-theory $0.33 will be the next possible trendtop level and thereby pose a resistance level which may not be broken on the first attempt.

Click here for today's Top 5 Trending Companies

Signals

Golden Minerals Company 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 $0.24 and $0.23. A break down below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sales signal was issued from a pivot top point on Thursday October 18, 2018, which indicates further falls until a new bottom pivot has been found. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.

Access today's Top 5 Golden Star Companies

Relative Strength Index (RSI)

The stock holds a RSI14 at 79 and is currently being overbought on RSI. This does not have to be a sales signal as many stocks may go both long and hard while being overbought on the RSI. It is therefore important to evaluate the history of the share as it may tell you something about the RSI-sensitiveness.

Access full RSI 14 and RSI 21 lists

Support & Resistance

Golden Minerals Company finds support from accumulated volume at $0.25.

Support: $0.25 Price: $0.26 Resistance: $0.26

Risk

This stock may move much during a day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.02 between high and low, or 6.94%. For the last week the stock has had a daily average volatility of 7.75%.

The stock is extremely overbought on RSI14 (79). Normally this will pose a good selling opportunity, but since the stock has broken the trend up the chance for a major correction due to high RSI is very small as the stock will find support at the trend broken.

Our recommended stoploss: $0.24 (-4.17%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 79 and this increases the risk substantially. There is a sell signal from pivot top found 1 days ago.)

Overall risk:

Very Low Low Medium High Very High

Evaluation

Golden Minerals Company holds several positive signals, but we still don't find these to be enough for a buy-recommendation. At the current level we recommend to hold or accumulate in this position whilst awaiting for further development. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Buy Candidate to a Hold/Accumulate.

Hold/Accumulate

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AUMN $0.26 $0.00(0.00%)
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