RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of ARREF
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Stronger technical forecast for AMERIGO RESOURCES stock price after Thursday trading.
(Updated on Mar 28, 2024)

Buy or Hold candidate since Mar 13, 2024 Gain 13.00% PDF

The AMERIGO RESOURCES stock price gained 1.80% on the last trading day (Thursday, 28th Mar 2024), rising from $1.11 to $1.13. 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 2.73% from a day low at $1.10 to a day high of $1.13. The price has risen in 7 of the last 10 days and is up by 13% over the past 2 weeks. Volume fell on the last day by -1 thousand shares and in total, 76 thousand shares were bought and sold for approximately $86.42 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

Given the current short-term trend, the stock is expected to rise 4.87% during the next 3 months and, with a 90% probability hold a price between $0.99 and $1.18 at the end of this 3-month period.

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ARREF Signals & Forecast

The AMERIGO RESOURCES 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 $1.10 and $1.00. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, February 13, 2024, and so far it has risen 23.52%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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.

Support, Risk & Stop-loss for AMERIGO RESOURCES stock

AMERIGO RESOURCES finds support from accumulated volume at $1.10 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.0300 between high and low, or 2.73%. For the last week the stock has had daily average volatility of 1.80%.

The AMERIGO RESOURCES stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.

Our recommended stop-loss: $1.10 (-2.80%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 85 and this increases the risk substantially. There is a buy signal from a pivot bottom found 31 days ago.)

Trading Expectations (ARREF) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect AMERIGO RESOURCES to open at $1.12, and during the day (based on 14 day Average True Range), to move between $1.10 and $1.16, which gives a possible trading interval of +/-$0.0313 (+/-2.77%) up or down from last closing price. If AMERIGO RESOURCES takes out the full calculated possible swing range there will be an estimated 5.54% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $1.10, some $0.0300 (2.65%) from the current price of $1.13, our system finds the risk reward attractive.

Is AMERIGO RESOURCES stock A Buy?

AMERIGO RESOURCES holds several positive signals and is within a weak 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 analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.

Current score: 5.746 Strong Buy Candidate Upgraded

Predicted Opening Price for AMERIGO RESOURCES of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$1.12 ( 0.88%) $1.13

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

Trading levels for ARREF

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 1.15 1.77 %
R2 1.14 0.756 %
R1 1.13 0.129 %
Current price: 1.13
Support S1 1.11 -1.90 %
S2 1.10 -2.53 %
S3 1.09 -3.54 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 0 .
Current price 1.13
Support S1 1.10 -2.65%
S2 1.06 -6.19%
S3 0.97 -14.16%

ARREF Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Mar 05, 2024 Mar 05, 2024 Mar 20, 2024 $0.0222 2.00%
2 Oct 30, 2023 Nov 29, 2023 Dec 20, 2023 $0.0200 2.00%
3 Aug 24, 2023 Aug 29, 2023 Sep 20, 2023 $0.0225 2.26%
4 May 23, 2023 May 30, 2023 Jun 20, 2023 $0.0220 1.85%
5 May 03, 2023 May 26, 2023 Jun 20, 2023 $0.0220 1.85%

FAQ

What is the symbol for AMERIGO RESOURCES Stock and on which exchange is it traded?
The symbol for AMERIGO RESOURCES is ARREF and it is traded on the OTCMKTS (OTC Markets Group).

Should I buy or sell AMERIGO RESOURCES Stock?
AMERIGO RESOURCES holds several positive signals and is within a weak 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 analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.

How to buy AMERIGO RESOURCES Stock?
AMERIGO RESOURCES Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy AMERIGO RESOURCES Stock.

What's the current price of AMERIGO RESOURCES Stock?
As of the end of day on the 2024-03-28, the price of an AMERIGO RESOURCES (ARREF) share was $1.13.

What is the 52-week high and low for AMERIGO RESOURCES Stock?
The 52-week high for AMERIGO RESOURCES Stock is $1.38 and the 52-week low is $0.80.

What is the market capitalization of AMERIGO RESOURCES Stock?
As of the 2024-03-28, the market capitalization of AMERIGO RESOURCES is 186.275M.

When is the next earnings date for AMERIGO RESOURCES?
The upcoming earnings date for AMERIGO RESOURCES is May 01, 2024.
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About AMERIGO RESOURCES

AMERIGO RESOURCES Amerigo Resources Ltd., through its subsidiary, Minera Valle Central S.A., produces and sells copper and molybdenum concentrates from Codelco's El Teniente underground mine in Chile. The company was formerly known as Golden Temple Mining Corp. and changed its name to Amerigo Resources Ltd. in March 2002. Amerigo Resources Ltd. was incorporated in 1984 and is headquartered in Vancouver, Canada.... ARREF Profile

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