Americas Silver Corporation Stock Forecast

Volatile ride for Americas Silver Corporation stock price on Friday moving between $0.255 and $0.285
(Updated on Apr 19, 2024)

USAS Signals & Forecast

The Americas Silver Corporation stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $0.283. On a fall, the stock will find some support from the long-term average at approximately $0.244. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Americas Silver Corporation 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. 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. A sell signal was issued from a pivot top point on Monday, April 15, 2024, and so far it has fallen -10.90%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for Americas Silver Corporation stock

On the downside, the stock finds support just below today's level from accumulated volume at $0.255 and $0.249. 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, Americas Silver Corporation finds support just below today's level at $0.255. If this is broken, then the next support from accumulated volume will be at $0.249 and $0.220.

This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.0298 between high and low, or 11.68%. For the last week, the stock has had daily average volatility of 11.10%.

Our recommended stop-loss: $0.262 (-5.68%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 4 days ago.)

Trading Expectations (USAS) For The Upcoming Trading Day Of Monday 22nd

For the upcoming trading day on Monday, 22nd we expect Americas Silver Corporation to open at $0.273, and during the day (based on 14 day Average True Range), to move between $0.254 and $0.302, which gives a possible trading interval of +/-$0.0241 (+/-8.68%) up or down from last closing price. If Americas Silver Corporation takes out the full calculated possible swing range there will be an estimated 17.36% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.284 (2.12%) than the support at $0.255 (8.27%), 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 Americas Silver Corporation stock A Buy?

Americas Silver Corporation holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: 0.618 Hold/Accumulate Downgraded

Predicted Opening Price for Americas Silver Corporation of Monday, April 22, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.