Alexco Resource Corp Forecast and Stock Analysis
Technical AXU stock analysis for March 25, 2019.
|Shorts||2.94% ( 2019-02-28 )|
Alexco Resource Corp gained 3.82% in the last trading day, rising from $1.31 to $1.36 The price has risen in 6 of the last 10 days and is up by 0.74% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 191 562 more shares were traded than the day before. In total, 332 860 shares bought and sold for approximately $452 690.00.
Close price at the end of the last trading day (Monday, 25th Mar 2019) of the AXU stock was $1.36. This is 3.82% more than the trading day before Friday, 22nd Mar 2019.
During day the stock fluctuated 3.82% from a day low at $1.31 to a day high of $1.36.
30 day high of the AXU stock price was $1.41 and low was $1.15.
90 day high was $1.42 and low was $0.86.
52 week high for the Alexco Resource Corp - $1.70 and low - $0.68.
Alexco Resource Corp 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 43.66% during the next 3 months and, with 90% probability hold a price between $1.76 and $2.26 at the end of this period.
Only positive signals in the chart today. Alexco Resource Corp 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 $1.32 and $1.29. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday March 21, 2019, which indicates further gains until a new top pivot has been found. Alexco Resource Corp has rising 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.
Relative Strength Index (RSI)
RSI14 is 62 and the stock is currently not being overbought or oversold
Support & Resistance
Alexco Resource Corp finds support from accumulated volume at $1.34.
This stock may move much during a day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.05 between high and low, or 3.82%. For the last week, the stock has had a daily average volatility of 5.49%.
Our recommended stoploss: $1.29 (-4.93%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 2 days ago.)
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Evaluation: Strong Buy Candidate
Alexco Resource Corp holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our recommendation for this stock since last evaluation from a Buy Candidate to a Strong Buy Candidate.