EXK - Endeavour Silver Corporation

Industry: Silver Sector: Basic Materials Exchange: NYSE

EXK - Endeavour Silver Corporation

Industry: Silver Sector: Basic Materials Exchange: NYSE
#804()/7535

Wed 17'th Oct 2018

PERIOD 2018-07-18 - 2018-10-17
CHANGE 0.83%
PRICE $2.43
VOLUME
Sell
TREND
Sell

MV LONG
Buy

MV SHORT
Buy

PIVOT
Buy

MACD
Buy

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Endeavour Silver Corporation Stock Analysis

Technical stock analysis for Wed 17'th Oct 2018

Buy candidate since 2018-10-17
Shorts 6.80% ( 2018-09-28 )
Cash 43.7 mill
Loans n/a
Beta -0.19
ROA 0.19

Endeavour Silver Corporation gained 0.83% in the last trading day, rising from $2.41 to $2.43 The price has risen in 6 of the last 10 days and is up by 6.58% over the past 2 weeks. Volume fell in the last day by -359 329 shares, and in total, 623 303 shares bought and sold for approximately $1.51 million. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.

Trend

Endeavour Silver Corporation lies the upper part of a very wide and falling trend in the short term, and this will normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $2.48 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -17.80% during the next 3 months and, with 90% probability hold a price between $1.42 and $2.03 at the end of this period.

Click here for today's Top 5 Trending Companies

Signals

Only positive signals in the chart today. Endeavour Silver Corporation 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 $2.39 and $2.28. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday October 16, 2018, which indicates further gains until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and may be an early warning. The stock should be watched closely.

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A buy signal from a double bottom formation was found on Tuesday October 16, 2018 and based on theory for this formation the price should go up by 0.06% to $2.47 within 2 trading days since signal was issued (Thursday October 18, 2018).

Relative Strength Index (RSI)

RSI14 is 60 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

Endeavour Silver Corporation finds support from accumulated volume at $2.41.

Support: $2.41 Price: $2.43 Resistance: $2.47

Risk

This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $0.12 (4.95%) between high and low. For the last week, the stock has had a daily average volatility of 6.88%.

Our recommended stoploss: $2.30 (-5.34%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 1 days ago.)

Overall risk:

Very Low Low Medium High Very High

Evaluation

Several short-term signals are positive, despite the stock being in a falling trend, 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. We have upgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Buy Candidate.

Buy Candidate

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EXK $2.43 $0.02(0.83%)
EXK is up $0.02 today, but where's it headed in November?
Zacks Investment Research is releasing its prediction for EXK based on the 1-3 month system that more than doubles the S&P 500.

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