SSR Mining Inc Forecast and Stock Analysis
Technical SSRM stock analysis for March 15, 2019.
SSR Mining Inc gained 0.38% in the last trading day, rising from $13.00 to $13.05 The price has been going up and down for this period, and there has been a -2.61% loss for the last 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 0.04 million more shares were traded than the day before. In total, 3.26 million shares bought and sold for approximately $42.56 million.
Close price at the end of the last trading day (Friday, 15th Mar 2019) of the SSRM stock was $13.05. This is 0.38% more than the trading day before Thursday, 14th Mar 2019.
During day the stock fluctuated 2.99% from a day low at $12.87 to a day high of $13.25.
30 day high of the SSRM stock price was $15.17 and low was $12.87.
90 day high was $15.17 and low was $11.42.
52 week high for the SSR Mining Inc - $15.17 and low - $8.11.
SSR Mining Inc lies in the lower part of a wide and strong rising trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trend line at $13.04 will firstly indicate a slower raising rate, but may also be a early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 21.15% during the next 3 months and, with 90% probability hold a price between $15.80 and $18.37 at the end of this period.
There are mixed signals in the stock today. SSR Mining Inc holds sales signals from both short- and long-term moving averages. On corrections up there will be some resistance from the lines at $13.83 and $13.76. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Thursday March 14, 2019, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal.
Relative Strength Index (RSI)
RSI14 is 35 and the stock is currently not being overbought or oversold
Support & Resistance
SSR Mining Inc finds support from accumulated volume at $13.00.
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 $0.39 (2.99%) between high and low. For the last week, the stock has had a daily average volatility of 3.20%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
Very Low Low Medium High Very High
Evaluation: Sell Candidate
SSR Mining Inc holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.