Endeavour Silver Corporation Stock Forecast
Green day on Friday for Endeavour Silver Corporation
(Updated on Apr 19, 2024)
The Endeavour Silver Corporation stock price gained 3.16% on the last trading day (Friday, 19th Apr 2024), rising from $2.53 to $2.61. During the last trading day the stock fluctuated 6.63% from a day low at $2.49 to a day high of $2.66. The price has fallen in 6 of the last 10 days and is down by -7.77% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 544 thousand more shares were traded than the day before. In total, 5 million shares were bought and sold for approximately $12.52 million.
The stock lies in the middle of a very 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 86.47% during the next 3 months and, with a 90% probability hold a price between $4.23 and $5.71 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.
EXK Signals & Forecast
The Endeavour Silver Corporation 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 $2.65. On a fall, the stock will find some support from the long-term average at approximately $2.34. 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. Volume is rising along with the price. This is considered to be a good technical 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 Wednesday, April 10, 2024, and so far it has fallen -10.00%. 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 Silver Corporation stock
Endeavour Silver Corporation finds support from accumulated volume at $2.55 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 a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.165 between high and low, or 6.63%. For the last week, the stock has had daily average volatility of 6.16%.
Our recommended stop-loss: $2.46 (-5.88%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 7 days ago.)
Trading Expectations (EXK) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect Endeavour Silver Corporation to open at $2.59, and during the day (based on 14 day Average True Range), to move between $2.43 and $2.79, which gives a possible trading interval of +/-$0.180 (+/-6.90%) up or down from last closing price. If Endeavour Silver Corporation takes out the full calculated possible swing range there will be an estimated 13.81% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $2.67 (2.30%) than the support at $2.55 (2.30%), 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 Silver Corporation 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 Silver Corporation stock to perform well in the short-term.
Current score: 1.148 Buy Candidate Unchanged
Predicted Opening Price for Endeavour Silver Corporation of Monday, April 22, 2024
Fair opening price April 22, 2024 | Current price |
---|---|
$2.59 ( 0.96%) | $2.61 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EXK
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 2.75 | 5.36 % | |
R2 | 2.69 | 2.95 % | ||
R1 | 2.65 | 1.46 % | ||
Current price: | 2.61 | |||
Support | S1 | 2.52 | -3.37 % | |
S2 | 2.48 | -4.86 % | ||
S3 | 2.42 | -7.28 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 2.86 | 9.58 % | |
R2 | 2.80 | 7.28 % | ||
R1 | 2.67 | 2.30 % | ||
Current price | 2.61 | |||
Support | S1 | 2.55 | -2.30% | |
S2 | 2.17 | -16.86% | ||
S3 | 2.15 | -17.62% |
EXK Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jan 13, 2014 | Jan 13, 2014 | Jan 13, 2014 | $0.110 | 2.72% |
FAQ
Click here for our free guide on how to buy Endeavour Silver Corporation Stock.