FIRST QUANTUM MINERA Stock Forecast
FIRST QUANTUM MINERA stock price ended at $11.65 on Wednesday, after gaining 2.64%.
(Updated on Apr 24, 2024)
The FIRST QUANTUM MINERA stock price gained 2.64% on the last trading day (Wednesday, 24th Apr 2024), rising from $11.35 to $11.65. During the last trading day the stock fluctuated 7.25% from a day low at $10.89 to a day high of $11.68. The price has fallen in 6 of the last 10 days and is down by -0.85% for this period. Volume fell on the last day by -43 shares and in total, 82 thousand shares were bought and sold for approximately $958.24 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
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 31.02% during the next 3 months and, with a 90% probability hold a price between $14.06 and $16.28 at the end of this 3-month period.
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FQVLF Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Tuesday, April 09, 2024, and so far it has fallen -2.10%. 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 during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not. The FIRST QUANTUM MINERA 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 $11.41 and $10.81. A breakdown below any of these levels will issue sell signals.
Support, Risk & Stop-loss for FIRST QUANTUM MINERA stock
FIRST QUANTUM MINERA finds support from accumulated volume at $11.33 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 $0.790 between high and low, or 7.25%. For the last week the stock has had daily average volatility of 5.86%.
Our recommended stop-loss: $11.21 (-3.78%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 11 days ago.)
Trading Expectations (FQVLF) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect FIRST QUANTUM MINERA to open at $11.41, and during the day (based on 14 day Average True Range), to move between $11.03 and $12.27, which gives a possible trading interval of +/-$0.622 (+/-5.34%) up or down from last closing price. If FIRST QUANTUM MINERA takes out the full calculated possible swing range there will be an estimated 10.68% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $11.71 (0.52%) than the support at $11.33 (2.75%), 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 FIRST QUANTUM MINERA 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 FIRST QUANTUM MINERA stock to perform well in the short-term.
Current score: 3.199 Buy Candidate Unchanged
Predicted Opening Price for FIRST QUANTUM MINERA of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| $11.41 ( 2.09%) | $11.65 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FQVLF
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 12.20 | 4.69 % | |
| R2 | 11.89 | 2.10 % | ||
| R1 | 11.71 | 0.502 % | ||
| Current price: | 11.65 | |||
| Support | S1 | 11.10 | -4.68 % | |
| S2 | 10.92 | -6.28 % | ||
| S3 | 10.62 | -8.87 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 11.90 | 2.15 % | |
| R2 | 11.75 | 0.86 % | ||
| R1 | 11.71 | 0.515 % | ||
| Current price | 11.65 | |||
| Support | S1 | 11.33 | -2.75% | |
| S2 | 9.45 | -18.88% | ||
| S3 | 9.11 | -21.80% |
FQVLF Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 14, 2023 | Apr 14, 2023 | May 08, 2023 | $0.0970 | 0.358% |
| 2 | Aug 23, 2022 | Aug 26, 2022 | Sep 20, 2022 | $0.124 | 0.692% |
| 3 | Apr 08, 2022 | Apr 13, 2022 | May 06, 2022 | $0.0040 | 0.0157% |
| 4 | Aug 21, 2021 | Aug 27, 2021 | Sep 21, 2021 | $0.0040 | 0.0243% |
| 5 | Apr 01, 2021 | Apr 14, 2021 | May 06, 2021 | $0.0040 | 0.0155% |
FAQ
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