Solitario Exploration & Royalty Company (USA) Forecast and Stock Analysis
Technical XPL stock analysis for April 25, 2019.
|Shorts||0.45% ( 2019-03-29 )|
Solitario Exploration & Royalty Company (USA) gained 3.20% in the last trading day, rising from $0.39 to $0.40 The price has risen in 6 of the last 10 days and is up by 2.67% over the past 2 weeks. Volume fell in the last day by -41 789 shares, and in total, 16 938 shares bought and sold for approximately $6 781.98. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.
Close price at the end of the last trading day (Thursday, 25th Apr 2019) of the XPL stock was $0.40. This is 3.2% more than the trading day before Wednesday, 24th Apr 2019.
During day the stock fluctuated 2.45% from a day low at $0.40 to a day high of $0.41.
30 day high of the XPL stock price was $0.45 and low was $0.39.
90 day high was $0.54 and low was $0.27.
52 week high for the Solitario Exploration & Royalty Company (USA) - $0.54 and low - $0.19.
Solitario Exploration & Royalty Company (USA) lies in the middle of a very 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 48.65% during the next 3 months and, with 90% probability hold a price between $0.55 and $0.73 at the end of this period.
Solitario Exploration & Royalty Company (USA) holds buy signals from both short- and long-term moving averages. In addition, 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 $0.39 and $0.39. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday April 24, 2019, which indicates further gains until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.
* Golden Star Signal* is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Relative Strength Index (RSI)
RSI14 is 40 and the stock is currently not being overbought or oversold
Support & Resistance
On the downside, the stock finds support just below today's level from accumulated volume at $0.38 and $0.36.
There is 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, Solitario Exploration & Royalty Company (USA) finds support just below today's level at $0.38. If this is broken, then the next support from accumulated volume will be at $0.36 and $0.32.
This stock may move much during a day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.01 between high and low, or 2.45%. For the last week the stock has had a daily average volatility of 2.44%.
Our recommended stoploss: $0.38 (-4.94%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 1 days ago.)
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Evaluation: Strong Buy Candidate
Solitario Exploration & Royalty Company (USA) holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our recommendation for this stock since last evaluation from a Buy Candidate to a Strong Buy Candidate.
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|XPL $0.40 ($0.01 3.20%)|
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