Yamana Gold Inc Forecast and Stock Analysis
Technical AUY stock analysis for March 18, 2019.
|Shorts||0.32% ( 2019-02-28 )|
Yamana Gold Inc fell by -2.32% in the last day from $2.59 to $2.53 and has now fallen 4 days in a row. The price has fallen in 6 of the last 10 days and is down by -0.78% for this period. 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 -10.40 million shares and in total 10.60 million shares bought and sold for approximately $26.82 million.
Close price at the end of the last trading day (Monday, 18th Mar 2019) of the AUY stock was $2.53. This is 2.32% less than the trading day before Friday, 15th Mar 2019.
During day the stock fluctuated 3.97% from a day low at $2.52 to a day high of $2.62.
30 day high of the AUY stock price was $2.85 and low was $2.43.
90 day high was $2.88 and low was $2.13.
52 week high for the Yamana Gold Inc - $3.23 and low - $2.00.
Yamana Gold Inc lies in the lower part of a wide and strong rising trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trend line at $2.50 will firstly indicate a slower raising rate, but may also be a early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 12.19% during the next 3 months and, with 90% probability hold a price between $2.80 and $3.37 at the end of this period.
There are few to none technical positive signals at the moment. Yamana Gold Inc holds sales signals from both short- and long-term moving averages. In addition, there is a general sales signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up there will be some resistance from the lines at $2.62 and $2.65. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Wednesday March 13, 2019, which indicates further falls until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Relative Strength Index (RSI)
RSI14 is 43 and the stock is currently not being overbought or oversold
Support & Resistance
Yamana Gold Inc finds support from accumulated volume at $2.46.
This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $0.10 (3.97%) between high and low. For the last week, the stock has had a daily average volatility of 3.34%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
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Evaluation: Sell Candidate
The Yamana Gold Inc stock holds several negative signals and despite the positive trend we believe Yamana Gold Inc will perform weak in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.