Fortuna Silver Mines Inc. Stock Forecast
Fortuna Silver Mines Inc. stock price down 0% on Wednesday
(Updated on Apr 24, 2024)
No changes to the price of Fortuna Silver Mines Inc. stock on the last trading day (Wednesday, 24th Apr 2024). During the last trading day the stock fluctuated 2.88% from a day low at $6.25 to a day high of $6.43. The price has fallen in 6 of the last 10 days and is down by -1.39% for this period.
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 71.47% during the next 3 months and, with a 90% probability hold a price between $9.27 and $11.94 at the end of this 3-month period.
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FVI.TO Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Thursday, April 11, 2024, and so far it has fallen -2.60%. 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 price remained unchanged. This may be an early warning, but it may also not. We still recommend that you pay attention over the next couple of days. The Fortuna Silver Mines Inc. 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 $6.30 and $5.43. A breakdown below any of these levels will issue sell signals.
Support, Risk & Stop-loss for Fortuna Silver Mines Inc. stock
Fortuna Silver Mines Inc. finds support from accumulated volume at $6.36 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 $0.180 between high and low, or 2.88%. For the last week, the stock has had daily average volatility of 4.52%.
Our recommended stop-loss: $6.09 (-4.41%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 9 days ago.)
Trading Expectations (FVI.TO) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Fortuna Silver Mines Inc. to open at $6.35, and during the day (based on 14 day Average True Range), to move between $6.08 and $6.66, which gives a possible trading interval of +/-$0.294 (+/-4.62%) up or down from last closing price. If Fortuna Silver Mines Inc. takes out the full calculated possible swing range there will be an estimated 9.23% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $6.36 (0.16%) than the resistance at $6.39 (0.31%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Fortuna Silver Mines Inc. 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 Fortuna Silver Mines Inc. stock to perform well in the short-term.
Current score: 1.739 Buy Candidate Unchanged
Predicted Opening Price for Fortuna Silver Mines Inc. of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| $6.35 ( 0.314%) | $6.37 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FVI.TO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 6.53 | 2.51 % | |
| R2 | 6.46 | 1.43 % | ||
| R1 | 6.42 | 0.765 % | ||
| Current price: | 6.37 | |||
| Support | S1 | 6.28 | -1.39 % | |
| S2 | 6.24 | -2.06 % | ||
| S3 | 6.17 | -3.14 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 6.50 | 2.04 % | |
| R2 | 6.46 | 1.41 % | ||
| R1 | 6.39 | 0.314 % | ||
| Current price | 6.37 | |||
| Support | S1 | 6.36 | -0.157% | |
| S2 | 6.16 | -3.30% | ||
| S3 | 6.13 | -3.77% |
FAQ
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