SSR Mining Inc Stock Forecast
SSR Mining Inc stock price ended at $5.47 on Wednesday, after gaining 1.96%.
(Updated on Apr 24, 2024)
The SSR Mining Inc stock price gained 1.96% on the last trading day (Wednesday, 24th Apr 2024), rising from $5.37 to $5.47. During the last trading day the stock fluctuated 3.11% from a day low at $5.31 to a day high of $5.48. The price has risen in 6 of the last 10 days and is up by 3.99% over the past 2 weeks. Volume fell on the last day by -1 million shares and in total, 3 million shares were bought and sold for approximately $14.59 million. 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 very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -40.03% during the next 3 months and, with a 90% probability hold a price between $1.29 and $3.79 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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SSRM Signals & Forecast
The SSR Mining 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 $5.23 and $4.64. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, March 15, 2024, and so far it has risen 37.44%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. 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 SSR Mining Inc stock
On the downside, the stock finds support just below today's level from accumulated volume at $4.83 and $4.50. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, SSR Mining Inc finds support just below today's level at $4.83. If this is broken, then the next support from accumulated volume will be at $4.50 and $4.47.
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 $0.165 between high and low, or 3.11%. For the last week, the stock has had daily average volatility of 5.33%.
Our recommended stop-loss: $5.30 (-3.04%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 27 days ago.)
Trading Expectations (SSRM) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect SSR Mining Inc to open at $5.42, and during the day (based on 14 day Average True Range), to move between $5.20 and $5.74, which gives a possible trading interval of +/-$0.275 (+/-5.03%) up or down from last closing price. If SSR Mining Inc takes out the full calculated possible swing range there will be an estimated 10.05% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $4.83, some $0.640 (11.70%) from the current price of $5.47, our system finds the risk reward attractive.
Is SSR Mining Inc 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.
Current score: 3.687 Buy Candidate Unchanged
Predicted Opening Price for SSR Mining Inc of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| $5.42 ( 0.94%) | $5.47 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SSRM
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.58 | 2.07 % | |
| R2 | 5.52 | 0.92 % | ||
| R1 | 5.48 | 0.208 % | ||
| Current price: | 5.47 | |||
| Support | S1 | 5.36 | -2.10 % | |
| S2 | 5.32 | -2.81 % | ||
| S3 | 5.25 | -3.96 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 5.47 | |||
| Support | S1 | 4.83 | -11.70% | |
| S2 | 4.50 | -17.73% | ||
| S3 | 4.47 | -18.28% |
SSRM Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Nov 01, 2023 | Nov 10, 2023 | Dec 11, 2023 | $0.0700 | 0.648% |
| 2 | Nov 01, 2023 | Nov 09, 2023 | Dec 11, 2023 | $0.0700 | 0.648% |
| 3 | Aug 02, 2023 | Aug 11, 2023 | Sep 11, 2023 | $0.0700 | 0.474% |
| 4 | May 04, 2023 | May 12, 2023 | Jun 12, 2023 | $0.0700 | 0.490% |
| 5 | Feb 22, 2023 | Mar 02, 2023 | Mar 30, 2023 | $0.0700 | 0.460% |
FAQ
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