RSI low/high Values: [ 25 - 70 ]
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AI Analysis of PAAS.TO
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Pan American Silver Corp. stock upgraded to Buy Candidate.
(Updated on Mar 27, 2024)

Buy candidate since Mar 27, 2024 PDF

The Pan American Silver Corp. stock price gained 4.81% on the last trading day (Wednesday, 27th Mar 2024), rising from $18.90 to $19.81. During the last trading day the stock fluctuated 4.26% from a day low at $19.00 to a day high of $19.81. The price has fallen in 6 of the last 10 days but is still up by 2.86% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 161 thousand more shares were traded than the day before. In total, 676 thousand shares were bought and sold for approximately $13.38 million.

The stock lies the upper part of a wide and falling trend in the short term, and this may 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 $19.95 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 -8.79% during the next 3 months and, with a 90% probability hold a price between $14.56 and $18.20 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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PAAS.TO Signals & Forecast

The Pan American Silver Corp. 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 $19.06 and $18.10. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, February 28, 2024, and so far it has risen 19.48%. Further rise is indicated until a new top pivot has been found. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Pan American Silver Corp. stock

Pan American Silver Corp. finds support from accumulated volume at $18.84 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 and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.81 between high and low, or 4.26%. For the last week, the stock has had daily average volatility of 3.08%.

Our recommended stop-loss: $18.66 (-5.82%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 20 days ago.)

Trading Expectations (PAAS.TO) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Pan American Silver Corp. to open at $19.54, and during the day (based on 14 day Average True Range), to move between $19.19 and $20.43, which gives a possible trading interval of +/-$0.624 (+/-3.15%) up or down from last closing price. If Pan American Silver Corp. takes out the full calculated possible swing range there will be an estimated 6.30% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $19.84 (0.15%) than the support at $18.84 (4.90%), 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 Pan American Silver Corp. stock A Buy?

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 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: 3.556 Buy Candidate Upgraded

Predicted Opening Price for Pan American Silver Corp. of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$19.54 ( 1.36%) $19.81

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

Trading levels for PAAS.TO

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 20.35 2.73 %
R2 20.04 1.16 %
R1 19.85 0.199 %
Current price: 19.81
Support S1 19.23 -2.92 %
S2 19.04 -3.89 %
S3 18.73 -5.45 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 20.77 4.85 %
R2 20.32 2.57 %
R1 19.84 0.151 %
Current price 19.81
Support S1 18.84 -4.90%
S2 18.00 -9.14%
S3 16.84 -14.99%

PAAS Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Mar 01, 2024 Mar 01, 2024 Mar 01, 2024 $0 0%
2 Nov 17, 2023 Nov 17, 2023 Dec 01, 2023 $0.100 0.458%
3 Aug 18, 2023 Aug 18, 2023 Sep 01, 2023 $0.100 0.452%
4 Apr 13, 2023 Apr 13, 2023 May 12, 2023 $0.134 0.601%
5 Mar 03, 2023 Mar 03, 2023 Mar 17, 2023 $0.136 0.563%

FAQ

What is the symbol for Pan American Silver Corp. Stock and on which exchange is it traded?
The symbol for Pan American Silver Corp. is PAAS.TO and it is traded on the TSX (Toronto Stock Exchange).

Should I buy or sell Pan American Silver Corp. Stock?
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 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 Pan American Silver Corp. Stock?
Pan American Silver Corp. Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Pan American Silver Corp. Stock.

What's the current price of Pan American Silver Corp. Stock?
As of the end of day on the 2024-03-27, the price of an Pan American Silver Corp. (PAAS.TO) share was $19.81.

What is the 52-week high and low for Pan American Silver Corp. Stock?
The 52-week high for Pan American Silver Corp. Stock is $26.54 and the 52-week low is $16.50.

What is the market capitalization of Pan American Silver Corp. Stock?
As of the 2024-03-27, the market capitalization of Pan American Silver Corp. is 7.224B.

When is the next earnings date for Pan American Silver Corp.?
The upcoming earnings date for Pan American Silver Corp. is May 08, 2024.
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About Pan American Silver Corp.

Pan American Silver . Pan American Silver Corp., together with its subsidiaries, engages in the exploration, mine development, extraction, processing, refining, and reclamation of silver, gold, zinc, lead, and copper mines in Canada, Mexico, Peru, Argentina, and Bolivia. It holds interests in the La Colorada, Dolores, Huaron, Morococha, Shahuindo, La Arena, Timmins West, Bell Creek, Manantial Espejo, San Vicente, Joaquin, Cap-Oeste Sur Este, and Navidad mines. The com... PAAS.TO Profile

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