RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of EMX
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Eurasian Minerals Inc (Canada) stock upgraded to Buy Candidate.
(Updated on Mar 27, 2024)

Buy or Hold candidate since Mar 15, 2024 PDF

No changes to the price of Eurasian Minerals Inc (Canada) stock on the last trading day (Wednesday, 27th Mar 2024). During the last trading day the stock fluctuated 2.05% from a day low at $1.71 to a day high of $1.75. The price has fallen in 5 of the last 10 days but is still up by 0.58% over the past 2 weeks.

The stock lies in the middle of a 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 11.38% during the next 3 months and, with a 90% probability hold a price between $1.73 and $2.03 at the end of this 3-month period.

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EMX Signals & Forecast

The Eurasian Minerals Inc (Canada) 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 $1.72 and $1.61. A breakdown below any of these levels will issue sell signals. 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 Wednesday, March 20, 2024, and so far it has fallen -2.26%. 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 on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point".

Buy
Special Signal Notification

Double Bottom Formation

Double Bottom Formation A buy signal from a double bottom formation was found on Tuesday, February 13, 2024 with a target of $1.58. Despite whether the objective of the signal formation has been reached the stock may continue to perform well.

Support, Risk & Stop-loss for Eurasian Minerals Inc (Canada) stock

Eurasian Minerals Inc (Canada) finds support from accumulated volume at $1.72 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.0350 between high and low, or 2.05%. For the last week the stock has had daily average volatility of 3.59%.

Our recommended stop-loss: $1.65 (-4.64%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 5 days ago.)

Trading Expectations (EMX) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Eurasian Minerals Inc (Canada) to open at $1.73, and during the day (based on 14 day Average True Range), to move between $1.67 and $1.79, which gives a possible trading interval of +/-$0.0624 (+/-3.61%) up or down from last closing price. If Eurasian Minerals Inc (Canada) takes out the full calculated possible swing range there will be an estimated 7.21% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $1.72 (0.58%) than the resistance at $1.77 (2.31%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Eurasian Minerals Inc (Canada) 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 Eurasian Minerals Inc (Canada) stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 1.657 Buy Candidate Upgraded

Predicted Opening Price for Eurasian Minerals Inc (Canada) of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$1.73 ( 0.0963%) $1.73

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

Trading levels for EMX

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 1.76 1.93 %
R2 1.75 1.15 %
R1 1.74 0.676 %
Current price: 1.73
Support S1 1.71 -0.87 %
S2 1.71 -1.35 %
S3 1.69 -2.12 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 1.79 3.47 %
R1 1.77 2.31 %
Current price 1.73
Support S1 1.72 -0.578%
S2 1.50 -13.29%
S3 1.46 -15.61%

FAQ

What is the symbol for Eurasian Minerals Inc (Canada) Stock and on which exchange is it traded?
The symbol for Eurasian Minerals Inc (Canada) is EMX and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Eurasian Minerals Inc (Canada) Stock?
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 Eurasian Minerals Inc (Canada) stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

How to buy Eurasian Minerals Inc (Canada) Stock?
Eurasian Minerals Inc (Canada) Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Eurasian Minerals Inc (Canada) Stock.

What's the current price of Eurasian Minerals Inc (Canada) Stock?
As of the end of day on the 2024-03-27, the price of an Eurasian Minerals Inc (Canada) (EMX) share was $1.73.

What is the 52-week high and low for Eurasian Minerals Inc (Canada) Stock?
The 52-week high for Eurasian Minerals Inc (Canada) Stock is $2.20 and the 52-week low is $1.41.

What is the market capitalization of Eurasian Minerals Inc (Canada) Stock?
As of the 2024-03-27, the market capitalization of Eurasian Minerals Inc (Canada) is 194.165M.

When is the next earnings date for Eurasian Minerals Inc (Canada)?
The upcoming earnings date for Eurasian Minerals Inc (Canada) is May 20, 2024.
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About Eurasian Minerals Inc (Canada)

Eurasian Minerals (Canada) EMX Royalty Corporation, together with its subsidiaries, engages in the exploring for, and generating royalties from, metals and minerals properties. It explores for gold, silver, platinum, palladium, copper, lead, zinc, nickel, cobalt, volcanogenic massive sulfide, molybdenum, and iron deposits. The company's royalty and exploration portfolio primarily consist of properties in North America, Turkey, Europe, Australia, New Zealand, South America,... EMX Profile

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