Golden Minerals Company Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
High volatility in Golden Minerals Company stock price on Thursday which ended trading at $0.420
(Updated on Mar 28, 2024)
The Golden Minerals Company stock price gained 33.83% on the last trading day (Thursday, 28th Mar 2024), rising from $0.314 to $0.420. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 39.39% from a day low at $0.330 to a day high of $0.460. The price has risen in 6 of the last 10 days and is up by 29.65% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 1 million more shares were traded than the day before. In total, 1 million shares were bought and sold for approximately $582.65 thousand.
The stockhas 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 of the current trend broken, which is $0.358, a level that may pose a second chance to hit a runner. According to fan-theory $0.473 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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AUMN Signals & Forecast
The Golden Minerals Company stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $0.317 and $0.404. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, March 19, 2024, and so far it has risen 59.18%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Golden Minerals Company 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.
Support, Risk & Stop-loss for Golden Minerals Company stock
Golden Minerals Company finds support from accumulated volume at $0.420 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 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 $0.130 between high and low, or 39.39%. For the last week, the stock has had daily average volatility of 14.43%.
Our recommended stop-loss: $0.404 (-3.94%) (This stock has very high daily movements and this gives very high risk. There is a buy signal from a pivot bottom found 7 days ago.)
Trading Expectations (AUMN) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Golden Minerals Company to open at $0.403, and during the day (based on 14 day Average True Range), to move between $0.377 and $0.463, which gives a possible trading interval of +/-$0.0431 (+/-10.25%) up or down from last closing price. If Golden Minerals Company takes out the full calculated possible swing range there will be an estimated 20.50% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.420 (0.02%) than the resistance at $0.450 (7.12%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Golden Minerals Company stock A Buy?
Golden Minerals Company holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Hold/Accumulate candidate.
Current score: 0.000 Hold/Accumulate Upgraded
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Golden Minerals Company of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$0.403 ( 3.98%) | $0.420 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AUMN
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.533 | 26.97 % | |
R2 | 0.484 | 15.14 % | ||
R1 | 0.453 | 7.84 % | ||
Current price: | 0.420 | |||
Support | S1 | 0.354 | -15.80 % | |
S2 | 0.323 | -23.11 % | ||
S3 | 0.273 | -34.93 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.524 | 24.74 % | |
R2 | 0.520 | 23.81 % | ||
R1 | 0.450 | 7.12 % | ||
Current price | 0.420 | |||
Support | S1 | 0.420 | -0.0193% | |
S2 | 0.385 | -8.35% | ||
S3 | 0.316 | -24.78% |
FAQ
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