SSR Mining Inc Stock Analysis
Technical stock analysis for 18 January 2019
SSR Mining Inc fell by -4.59% in the last day from $12.19 to $11.63 The price has fallen in 6 of the last 10 days and is down by -5.75% for this period. Volume has increased in the last day by 0.50 million shares, but on falling prices. This may be an early warning and the risk will be increased slightly for the next couple of days. In total, 1.06 million shares bought and sold for approximately $12.31 million.
Close price at the end of the last trading day (Friday, 18th Jan 2019) of the SSRM stock was $11.63. This is 4.59% less than the trading day before Thursday, 17th Jan 2019.
During day the stock fluctuated 3.97% from a day low at $11.60 to a day high of $12.06.
30 day high of the SSRM stock price was $12.70 and low was $11.50.
90 day high was $12.70 and low was $9.65.
52 week high for the SSR Mining Inc - $12.70 and low - $7.64.
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 $11.61 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 23.27% during the next 3 months and, with 90% probability hold a price between $14.31 and $15.94 at the end of this period.
There are few to none technical positive signals at the moment. 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 $12.17 and $11.70. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Wednesday January 09, 2019, which indicates further falls until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Relative Strength Index (RSI)
RSI14 is 47 and the stock is currently not being overbought or oversold
Support & Resistance
SSR Mining Inc finds support from accumulated volume at $11.51.
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 $0.46 (3.97%) between high and low. For the last week, the stock has had a daily average volatility of 3.35%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
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The SSR Mining Inc stock holds several negative signals and despite the positive trend we believe SSR Mining Inc will perform weak in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Buy Candidate to a Sell Candidate.
|SSRM $11.63 $-0.56(-4.59%)|
SSRM is down $0.56 today, but where's it headed in 2019?
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