Golden Minerals Company Stock Forecast

High volatility in Golden Minerals Company stock price on Wednesday which ended trading at $0.655
(Updated on Apr 17, 2024)

AUMN Signals & Forecast

The Golden Minerals Company 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 $0.692. On a fall, the stock will find some support from the long-term average at approximately $0.456. 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). 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 Tuesday, April 09, 2024, and so far it has fallen -16.00%. Further fall is indicated until a new bottom pivot has been found. Golden Minerals Company gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".

Support, Risk & Stop-loss for Golden Minerals Company stock

Golden Minerals Company finds support from accumulated volume at $0.641 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 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 $0.0964 between high and low, or 15.10%. For the last week, the stock has had daily average volatility of 13.63%.

Our recommended stop-loss: $0.625 (-4.56%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 6 days ago.)

Trading Expectations (AUMN) For The Upcoming Trading Day Of Thursday 18th

For the upcoming trading day on Thursday, 18th we expect Golden Minerals Company to open at $0.676, and during the day (based on 14 day Average True Range), to move between $0.574 and $0.736, which gives a possible trading interval of +/-$0.0809 (+/-12.35%) up or down from last closing price. If Golden Minerals Company takes out the full calculated possible swing range there will be an estimated 24.71% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.665 (1.54%) than the support at $0.641 (2.15%), 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 Golden Minerals Company 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 Golden Minerals Company stock to perform well in the short-term.

Current score: 1.211 Buy Candidate Unchanged

Predicted Opening Price for Golden Minerals Company of Thursday, April 18, 2024

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