What are the short-term price predictions for ASM?
8/26/2025 04:19am
The short-term price predictions for ASM (Avino Silver & Gold Mines Ltd.) are as follows:
1. **Current Price Trend**: The stock is currently between narrow resistance levels and wide resistance levels, indicating a potential for price swing rather than a clear trend.
2. **Forecasted Price Trend**: The forecast for ASM suggests a bearish trend in the short term, with a sell advice and a historical win rate of 53.21% for this type of forecast.
3. **Support and Resistance Levels**: The support level is at $3.11, with a narrower resistance at $3.38 and a wider resistance at $3.92. The current price is between these levels, which could indicate a bounce off the support level or a push against the resistance level.
4. **Analyst Sentiment**: The analyst consensus is neutral, with an average target price of $3.97, which is slightly above the current price. However, recent price targets have been increased, with H.C. Wainwright revising their target to $4.80, indicating a more optimistic outlook.
5. **Market Sentiment**: There is a positive sentiment among analysts, with a recent increase in price targets and a Buy rating from Russell Investments Group Ltd., indicating confidence in the company's growth prospects.
In conclusion, the short-term price predictions for ASM suggest a bearish trend, but with potential for price swings between support and resistance levels. Analysts have a positive long-term outlook, which could influence short-term movements if market sentiment aligns with the optimism in the analyst forecasts.