ENDEAVOUR MINING COR Stock Forecast
ENDEAVOUR MINING COR stock price up 0.141% on Friday
(Updated on May 10, 2024)
The ENDEAVOUR MINING COR stock price gained 0.141% on the last trading day (Friday, 10th May 2024), rising from $21.32 to $21.35. During the last trading day the stock fluctuated 1.64% from a day low at $21.35 to a day high of $21.70. The price has fallen in 6 of the last 10 days but is still up by 0.14% 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, 7 thousand more shares were traded than the day before. In total, 10 thousand shares were bought and sold for approximately $218.88 thousand.
The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $20.80 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 33.30% during the next 3 months and, with a 90% probability hold a price between $27.73 and $32.08 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
EDVMF Signals & Forecast
The ENDEAVOUR MINING COR stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, 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 $21.05 and $20.92. A breakdown below any of these levels will issue sell signals. ENDEAVOUR MINING COR 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. 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 -3.50%. 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).
Support, Risk & Stop-loss for ENDEAVOUR MINING COR stock
On the downside, the stock finds support just below today's level from accumulated volume at $19.17 and $18.70. There is a 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, ENDEAVOUR MINING COR finds support just below today's level at $19.17. If this is broken, then the next support from accumulated volume will be at $18.70 and $18.65.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.350 between high and low, or 1.64%. For the last week the stock has had daily average volatility of 1.97%.
Our recommended stop-loss: $20.52 (-3.88%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 20 days ago.)
Trading Expectations (EDVMF) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect ENDEAVOUR MINING COR to open at $21.47, and during the day (based on 14 day Average True Range), to move between $20.61 and $22.09, which gives a possible trading interval of +/-$0.745 (+/-3.49%) up or down from last closing price. If ENDEAVOUR MINING COR takes out the full calculated possible swing range there will be an estimated 6.98% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $21.67 (1.50%) than the support at $19.17 (10.21%), 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 ENDEAVOUR MINING COR stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for ENDEAVOUR MINING COR stock to perform well in the short-term.
Current score: 1.693 Buy Candidate Unchanged
Predicted Opening Price for ENDEAVOUR MINING COR of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| $21.47 ( 0.546%) | $21.35 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EDVMF
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 21.82 | 2.19 % | |
| R2 | 21.68 | 1.56 % | ||
| R1 | 21.60 | 1.17 % | ||
| Current price: | 21.35 | |||
| Support | S1 | 21.33 | -0.0798 % | |
| S2 | 21.25 | -0.467 % | ||
| S3 | 21.12 | -1.09 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 22.13 | 3.63 % | |
| R2 | 21.88 | 2.48 % | ||
| R1 | 21.67 | 1.50 % | ||
| Current price | 21.35 | |||
| Support | S1 | 19.17 | -10.21% | |
| S2 | 18.70 | -12.41% | ||
| S3 | 18.65 | -12.65% |
EDVMF Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 22, 2024 | Feb 22, 2024 | Mar 25, 2024 | $0.410 | 2.22% |
| 2 | Aug 03, 2023 | Aug 31, 2023 | Sep 26, 2023 | $0.400 | 2.02% |
| 3 | Jan 27, 2023 | Feb 23, 2023 | Mar 28, 2023 | $0.410 | 1.74% |
| 4 | Aug 31, 2022 | Sep 01, 2022 | Sep 28, 2022 | $0.400 | 2.19% |
| 5 | Feb 03, 2022 | Feb 10, 2022 | Mar 16, 2022 | $0.280 | 1.15% |
FAQ
Click here for our free guide on how to buy ENDEAVOUR MINING COR Stock.
