A-Mark Precious Metals Stock Forecast
Green day on Friday for A-Mark Precious Metals
(Updated on Apr 26, 2024)
The A-Mark Precious Metals stock price gained 4.10% on the last trading day (Friday, 26th Apr 2024), rising from $38.54 to $40.12. It has now gained 4 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 4.47% from a day low at $38.50 to a day high of $40.22. The price has risen in 6 of the last 10 days but is still down by -1.35% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 129 thousand more shares were traded than the day before. In total, 544 thousand shares were bought and sold for approximately $21.83 million.
The stock 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 48.89% during the next 3 months and, with a 90% probability hold a price between $49.63 and $63.94 at the end of this 3-month period.
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AMRK Signals & Forecast
The A-Mark Precious Metals 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 $38.10 and $33.18. A breakdown below any of these levels will issue sell signals. Volume is rising along with the price. This is considered to be a good technical signal. 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 Friday, April 12, 2024, and so far it has fallen -1.35%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for A-Mark Precious Metals stock
A-Mark Precious Metals finds support from accumulated volume at $39.79 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 $1.72 between high and low, or 4.47%. For the last week, the stock has had daily average volatility of 3.67%.
Our recommended stop-loss: $38.44 (-4.19%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 10 days ago.)
Trading Expectations (AMRK) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect A-Mark Precious Metals to open at $39.61, and during the day (based on 14 day Average True Range), to move between $38.42 and $41.82, which gives a possible trading interval of +/-$1.70 (+/-4.22%) up or down from last closing price. If A-Mark Precious Metals takes out the full calculated possible swing range there will be an estimated 8.45% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $39.79 (0.82%) than the resistance at $40.67 (1.37%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is A-Mark Precious Metals 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 A-Mark Precious Metals stock to perform well in the short-term.
Current score: 4.058 Buy Candidate Unchanged
Predicted Opening Price for A-Mark Precious Metals of Monday, April 29, 2024
Fair opening price April 29, 2024 | Current price |
---|---|
$39.61 ( 1.26%) | $40.12 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AMRK
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 41.33 | 3.02 % | |
R2 | 40.68 | 1.39 % | ||
R1 | 40.27 | 0.375 % | ||
Current price: | 40.12 | |||
Support | S1 | 38.96 | -2.90 % | |
S2 | 38.55 | -3.91 % | ||
S3 | 37.89 | -5.55 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 40.67 | 1.37 % | ||
Current price | 40.12 | |||
Support | S1 | 39.79 | -0.82% | |
S2 | 39.04 | -2.69% | ||
S3 | 37.74 | -5.93% |
AMRK Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Apr 04, 2024 | Apr 15, 2024 | Apr 29, 2024 | $0.200 | 0.499% |
2 | Jan 04, 2024 | Jan 12, 2024 | Jan 29, 2024 | $0.200 | 0.709% |
3 | Aug 31, 2023 | Oct 06, 2023 | Oct 24, 2023 | $0.200 | 0.708% |
4 | Aug 31, 2023 | Sep 11, 2023 | Sep 26, 2023 | $1.00 | 3.41% |
5 | Jul 05, 2023 | Jul 14, 2023 | Jul 28, 2023 | $0.200 | 0.493% |
FAQ
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