Previous Hold Today SVM ranks #3154 as HOLD CANDIDATE. Next Hold
Today SVM ranks #3154 as HOLD CANDIDATE.

SVM stock Silvercorp Metals Inc

SVM stock
Silvercorp Metals Inc

April 24, 2019
Change 1.82%
Chart period: 2019-01-25 - 2019-04-24
VOLUME
Buy
TREND
Buy

MV LONG
Sell

MV SHORT
Sell

PIVOT
Buy

MACD
Sell

Will SVM stock price go up or down on Fri, 26 Apr 2019?

Silvercorp Metals Inc Forecast and Stock Analysis

Technical SVM stock analysis for April 24, 2019.

Hold candidate since 2019-04-24
Shorts 0.38% ( 2019-03-29 )
Cash n/a
Loans n/a
Beta 1.41
ROA 8.53

Silvercorp Metals Inc gained 1.82% in the last trading day, rising from $2.20 to $2.24 The price has fallen in 8 of the last 10 days and is down by -13.18% for this period. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 23 059 more shares were traded than the day before. In total, 314 861 shares bought and sold for approximately $705 289.00.

Close price at the end of the last trading day (Wednesday, 24th Apr 2019) of the SVM stock was $2.24. This is 1.82% more than the trading day before Tuesday, 23rd Apr 2019.

During day the stock fluctuated 6.02% from a day low at $2.16 to a day high of $2.29.

30 day high of the SVM stock price was $2.74 and low was $2.16.
90 day high was $2.80 and low was $2.04.
52 week high for the Silvercorp Metals Inc - $3.12 and low - $1.83.

Trend

Silvercorp Metals Inc lies in the lower part of a very wide and weak rising trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trend line at $2.20 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 6.09% during the next 3 months and, with 90% probability hold a price between $2.34 and $2.99 at the end of this period.

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Signals

A buy signal was issued from a pivot bottom point on Tuesday April 23, 2019, which indicates further gains until a new top pivot has been found. Silvercorp Metals Inc has rising volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. Silvercorp Metals Inc holds sales signals from both short- and long-term moving averages. In addition, there is a general sales signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up there will be some resistance from the lines at $2.31 and $2.52. A break-up above any of these levels will issue buy signals.

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A buy signal from a double bottom formation was found on Friday April 12, 2019 and based on theory for this formation the price should go up by 0.34% to $2.75 within 7 trading days since signal was issued (Wednesday April 24, 2019).

Relative Strength Index (RSI)

RSI14 is 40 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

Silvercorp Metals Inc finds support from accumulated volume at $2.21.

Support: $2.21 Price: $2.24 Resistance: $2.52

Risk

This stock may move much during a 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 $0.13 between high and low, or 6.02%. For the last week, the stock has had a daily average volatility of 4.51%.

Our recommended stoploss: $2.10 (-6.17%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 1 days ago.)

Overall risk:

Very Low Low Medium High Very High

Evaluation: Hold/Accumulate

Silvercorp Metals Inc holds several negative signals and this should give a sell recommendation, but due to the general chance for a turnaround situation we recommend to hold or accumulate whilst awaiting for further development. We have upgraded our recommendation for this stock since last evaluation from a Sell Candidate to a Hold/Accumulate.

Previous Hold Today SVM ranks #3154 as HOLD CANDIDATE. Next Hold
Today SVM ranks #3154 as HOLD CANDIDATE.