Meanwhile, 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 3.89% to $3.74. Over the last five days, the stock has gained 1.36%. Silvercorp Metals Inc shares have risen nearly 24.67% since the year began. Nevertheless, the stocks have risen 1.63% over the past one year. While a 52-week high of $5.32 was reached on 03/18/25, a 52-week low of $2.87 was recorded on 01/13/25. SMA at 50 days reached $3.78, while 200 days put it at $3.73.
Levels Of Support And Resistance For SVM Stock
The 24-hour chart illustrates a support level at 3.64, which if violated will result in even more drops to 3.53. On the upside, there is a resistance level at 3.80. A further resistance level may holdings at 3.85. The Relative Strength Index (RSI) on the 14-day chart is 52.00, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.02, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 33.33%. Stochastics %K at 39.32% indicates the stock is a holding.
