As this happened, Scotiabank downgraded its SilverCrest Metals Inc [SILV] rating to a Sector perform from a a Sector outperform in a research note published recently. A number of analysts have revised their coverage, including Desjardins’s analysts, who decreased its forecast for the stock in mid March from “a Buy” to “a Hold”. RBC Capital Mkts revised its rating on August 02, 2023. It rated SILV as “a Sector perform” which previously was an “an Outperform”.
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Price Performance Review of SILV
On Tuesday, SilverCrest Metals Inc [AMEX:SILV] saw its stock jump 2.64% to $11.65. Over the last five days, the stock has gained 12.89%. SilverCrest Metals Inc shares have risen nearly 77.86% since the year began. Nevertheless, the stocks have risen 130.69% over the past one year. While a 52-week high of $11.91 was reached on 10/21/24, a 52-week low of $4.79 was recorded on 02/23/24. SMA at 50 days reached $9.20, while 200 days put it at $7.87.
Levels Of Support And Resistance For SILV Stock
The 24-hour chart illustrates a support level at 11.45, which if violated will result in even more drops to 11.26. On the upside, there is a resistance level at 11.81. A further resistance level may holdings at 11.98. The Relative Strength Index (RSI) on the 14-day chart is 75.27, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.06, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 8.77%. Stochastics %K at 88.70% indicates the stock is a selling.
How much short interest is there in SilverCrest Metals Inc?
A steep rise in short interest was recorded in SilverCrest Metals Inc stocks on 2024-09-30, dropping by -1.83 million shares to a total of 4.25 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 6.08 million shares. There was a decline of -43.01%, which implies that there is a negative sentiment for the stock.
