Yamana Gold Inc (AUY) is Sell Opinion since 2019-09-25 Loss -7.56%

Yamana Gold Inc (AUY) Forecast and Technical Stock Analysis on Monday, 30th Sep 2019

Yamana Gold Inc fell by -3.05% in the last day ( Monday, 30th Sep 2019 ) from $3.28 to $3.18 and has now fallen 5 days in a row. During the day the stock fluctuated 3.83% from a day low at $3.13 to a day high of $3.25. The price has been going up and down for this period, and there has been a -5.36% loss for the last 2 weeks. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -4.95 million shares and in total 14.40 million shares bought and sold for approximately $45.79 million.

Quick summary:

30 day high of the AUY stock price was $3.76 and low was $3.13.

90 day high was $3.78 and low was $2.42.

52 week high for Yamana Gold Inc – $3.78 and low – $1.78.

Trend

Yamana Gold Inc has broken the wide and strong rising short-term trend down. This signalize a slower rising rate, but may also be an early warning about a possible trend shift. Due to trend being broken there will now be resistance at the bottom line of the trend at $3.42. A reaction back to this level may hold a second chance to get out before further falls.

Signals

There are few to none technical positive signals at the moment. Yamana Gold Inc holds sales signals from both short- and long-term moving averages. In addition, there is a general sales signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up there will be some resistance from the lines at $3.43 and $3.44. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Tuesday September 24, 2019, which indicates further falls until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Relative Strength Index (RSI)

RSImin/max Values: [ 25 – 75 ]

RSI14 is 44 and the stock is currently not being overbought or oversold

Support & Resistance

Yamana Gold Inc finds support from accumulated volume at $3.17.

Support: $3.17  Price: $3.18  Resistance: $3.45

Risk

This stock may move much during a 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 $0.12 between high and low, or 3.83%. For the last week, the stock has had a daily average volatility of 4.92%.

Our recommended stop-loss: We hold a sell evaluation for this stock. No stop-loss set.

Average volatility 4.92 %

Overall risk: Medium

Evaluation

The Yamana Gold Inc stock holds several negative signals and despite the positive trend we believe Yamana Gold Inc will perform weak in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

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