Wednesday January 22, 2020 Change 4.53% Price $1.87
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EMX Forecast and Technical Stock Analysis

Buy candidate since 2020-01-07 Gain 10.65% PDF

Eurasian Minerals Inc (Canada) gained 4.53% in the last trading day ( Wednesday, 22nd Jan 2020 ), rising from $1.79 to $1.87 , and has now gained 3 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 day the stock fluctuated 5.65% from a day low at $1.77 to a day high of $1.87. The price has risen in 5 of the last 10 days and is up by 10.65% 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, 58 295 more shares were traded than the day before. In total, 279 908 shares bought and sold for approximately $523 428.00.

Quick summary:

  • 30 day high of the EMX stock price was $1.87 and low was $1.46.
  • 90 day high was $1.87 and low was $1.31.
  • 52 week high for Eurasian Minerals Inc (Canada) - $1.87 and low - $1.08.
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Eurasian Minerals Inc (Canada) has broken the wide and strong rising the short-term trend up and an even stronger rising rate is indicated. For any reaction back there will now be support on the roof on the current trend broken at $1.77, a level that may pose a second chance to hit a runner. According to fan-theory $1.93 will be the next possible trend-top level and thereby pose a resistance level which may not be broken at the first attempt.

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Only positive signals in the chart today. Eurasian Minerals Inc (Canada) 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 $1.72 and $1.58. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday January 14, 2020, which indicates further gains until a new top pivot has been found. Eurasian Minerals Inc (Canada) 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.

The stock had a Golden Star Signal* on Tuesday November 05, 2019 in the short-term chart.

* Golden Star Signal* is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

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A sell signal from a double top formation was found on Monday January 13, 2020 and based on theory for this formation the price should fall by -0.12% to $1.57 within 4 trading days since signal was issued (Friday January 17, 2020).

Relative Strength Index (RSI)

RSImin/max Values: [ 25 - 75 ]

RSI14 is 66 and the stock is currently not being overbought or oversold

* uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.

Support & Resistance

On the downside, the stock finds support just below today's level from accumulated volume at $1.55 and $1.51.

There is 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, Eurasian Minerals Inc (Canada) finds support just below today's level at $1.55. If this is broken, then the next support from accumulated volume will be at $1.51 and $1.47.

Support: $1.55 Price: $1.87


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 $0.10 between high and low, or 5.65%. For the last week, the stock has had a daily average volatility of 3.41%.

Our recommended stop-loss: $1.79 (-4.23%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 5 days ago.)

3.41 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Strong Buy Candidate Downgraded


Several short-term signals are positive and the stock has broke the rising trend up, which indicates an even stronger rising rate. We conclude that the current level may hold a buying opportunity as there is a fair chance for this stock to perform well in the short-term period.

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