DOLLY VARDEN SILVER Stock Forecast

DOLLY VARDEN SILVER stock downgraded from Buy Candidate to Hold/Accumulate after Monday trading session.
(Updated on Apr 22, 2024)

DOLLF Signals & Forecast

The DOLLY VARDEN SILVER stock holds a sell 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 giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $0.695. On a fall, the stock will find some support from the long-term average at approximately $0.640. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Friday, April 12, 2024, and so far it has fallen -9.33%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.

Support, Risk & Stop-loss for DOLLY VARDEN SILVER stock

DOLLY VARDEN SILVER finds support from accumulated volume at $0.668 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 much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.0519 between high and low, or 7.83%. For the last week the stock has had daily average volatility of 6.89%.

Our recommended stop-loss: $0.643 (-5.50%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 6 days ago.)

Trading Expectations (DOLLF) For The Upcoming Trading Day Of Tuesday 23rd

For the upcoming trading day on Tuesday, 23rd we expect DOLLY VARDEN SILVER to open at $0.686, and during the day (based on 14 day Average True Range), to move between $0.636 and $0.724, which gives a possible trading interval of +/-$0.0441 (+/-6.48%) up or down from last closing price. If DOLLY VARDEN SILVER takes out the full calculated possible swing range there will be an estimated 12.97% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.686 (0.85%) than the support at $0.668 (1.84%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is DOLLY VARDEN SILVER stock A Buy?

DOLLY VARDEN SILVER holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: 0.934 Hold/Accumulate Downgraded

Predicted Opening Price for DOLLY VARDEN SILVER of Tuesday, April 23, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.