Golden Minerals Company Stock Analysis
Technical stock analysis for 18 January 2019
|Shorts||16.52% ( 2018-12-31 )|
Golden Minerals Company fell by -3.79% in the last day from $0.30 to $0.29 and has now fallen 4 days in a row. The price has fallen in 7 of the last 10 days , but is still up by 4.67% over the past 2 weeks. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -64 554 shares and in total 193 897 shares bought and sold for approximately $56 094.40.
Close price at the end of the last trading day (Friday, 18th Jan 2019) of the AUMN stock was $0.29. This is 3.79% less than the trading day before Thursday, 17th Jan 2019.
During day the stock fluctuated 22.18% from a day low at $0.27 to a day high of $0.33.
30 day high of the AUMN stock price was $0.35 and low was $0.20.
90 day high was $0.35 and low was $0.20.
52 week high for the Golden Minerals Company - $0.48 and low - $0.19.
Golden Minerals Company 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 17.23% during the next 3 months and, with 90% probability hold a price between $0.25 and $0.41 at the end of this period.
Golden Minerals Company holds a sales 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. On further gains, the stock will meet resistance from the short-term moving average at approximately $0.31. On a fall, the stock will find some support from the long-term average at approximately $0.26. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sales signal. 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 Wednesday January 09, 2019, which indicates further falls until a new bottom pivot has been found. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
Relative Strength Index (RSI)
RSI14 is 67 and the stock is currently not being overbought or oversold
Support & Resistance
On the downside, the stock finds support just below today's level from accumulated volume at $0.27 and $0.27.
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, Golden Minerals Company finds support just below today's level at $0.27. If this is broken, then the next support from accumulated volume will be at $0.27 and $0.24.
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 $0.06 between high and low, or 22.18%. For the last week the stock has had a daily average volatility of 11.23%.
Our recommended stoploss: $0.27 (-7.73%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from pivot top found 7 days ago.)
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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.
|AUMN $0.29 $-0.01(-3.79%)|
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