United States Antimony Corp Stock Forecast
United States Antimony Corp stock upgraded to Buy Candidate.
(Updated on Apr 19, 2024)
The United States Antimony Corp stock price gained 3.36% on the last trading day (Friday, 19th Apr 2024), rising from $0.247 to $0.255. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 7.52% from a day low at $0.250 to a day high of $0.269. The price has risen in 6 of the last 10 days and is up by 5.23% 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, 121 thousand more shares were traded than the day before. In total, 282 thousand shares were bought and sold for approximately $72.01 thousand.
The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 14.21% during the next 3 months and, with a 90% probability hold a price between $0.278 and $0.340 at the end of this 3-month period.
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UAMY Signals & Forecast
The United States Antimony Corp stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $0.246 and $0.251. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, April 01, 2024, and so far it has risen 8.73%. Further rise is indicated until a new top pivot has been found. United States Antimony Corp has increased 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. The very low volume increases the risk and reduces the other technical signals issued. 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 United States Antimony Corp stock
United States Antimony Corp finds support from accumulated volume at $0.243 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 $0.0188 between high and low, or 7.52%. For the last week, the stock has had daily average volatility of 6.96%.
Our recommended stop-loss: $0.243 (-4.77%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 14 days ago.)
Trading Expectations (UAMY) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect United States Antimony Corp to open at $0.258, and during the day (based on 14 day Average True Range), to move between $0.234 and $0.276, which gives a possible trading interval of +/-$0.0208 (+/-8.16%) up or down from last closing price. If United States Antimony Corp takes out the full calculated possible swing range there will be an estimated 16.31% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.256 (0.39%) than the support at $0.243 (4.82%), 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 United States Antimony Corp stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for United States Antimony Corp 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: 2.644 Buy Candidate Upgraded
Predicted Opening Price for United States Antimony Corp of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| $0.258 ( 1.07%) | $0.255 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for UAMY
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.277 | 8.43 % | |
| R2 | 0.270 | 5.62 % | ||
| R1 | 0.265 | 3.88 % | ||
| Current price: | 0.255 | |||
| Support | S1 | 0.251 | -1.74 % | |
| S2 | 0.246 | -3.48 % | ||
| S3 | 0.239 | -6.29 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.267 | 4.43 % | |
| R2 | 0.263 | 3.06 % | ||
| R1 | 0.256 | 0.392 % | ||
| Current price | 0.255 | |||
| Support | S1 | 0.243 | -4.82% | |
| S2 | 0.243 | -4.97% | ||
| S3 | 0.232 | -9.13% |
FAQ
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