As this happened, Raymond James upgraded its Silvercorp Metals Inc [SVM] rating to an Outperform from a a Mkt perform in a research note published recently. A number of analysts have revised their coverage, including Alliance Global Partners’s analysts, who decreased its forecast for the stock in mid July from “a Buy” to “a Neutral”. Alliance Global Partners also remained covering SVM and has increased its forecast on March 11, 2020 with a “Buy” recommendation from previously “Neutral” rating. Alliance Global Partners revised its rating on November 12, 2019. It rated SVM as “a Neutral” which previously was an “a Buy”.
Price Performance Review of SVM
On Tuesday, Silvercorp Metals Inc [AMEX:SVM] saw its stock jump 0.93% to $3.26. Over the last five days, the stock has lost -2.40%. Silvercorp Metals Inc shares have risen nearly 23.95% since the year began. Nevertheless, the stocks have risen 12.41% over the past one year. While a 52-week high of $5.32 was reached on 10/21/24, a 52-week low of $2.22 was recorded on 02/13/24. SMA at 50 days reached $4.33, while 200 days put it at $3.68.
Levels Of Support And Resistance For SVM Stock
The 24-hour chart illustrates a support level at 3.23, which if violated will result in even more drops to 3.19. On the upside, there is a resistance level at 3.31. A further resistance level may holdings at 3.35. The Relative Strength Index (RSI) on the 14-day chart is 29.08, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.31, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 94.12%. Stochastics %K at 5.49% indicates the stock is a buying.
How much short interest is there in Silvercorp Metals Inc?
A steep rise in short interest was recorded in Silvercorp Metals Inc stocks on 2024-11-15, dropping by -0.25 million shares to a total of 6.91 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 7.16 million shares. There was a decline of -3.59%, which implies that there is a negative sentiment for the stock.
