Does ASM Still Have Room Above $11？
$Avino Silver & Gold Mines(ASM)$
Avino Silver & Gold Mines (ASM) Soars +8.49%: Silver Miner Touches 52-Week High at $11.28, Momentum Peaks
Latest Close Data
Closed at $11.24 (EST 2026-01-28), up +8.49% on the day, hitting a new 52-week high of $11.28.
Core Market Drivers
Strong buying driven by robust silver prices and positive sentiment for junior mining stocks. Recent capital inflows over the past five sessions suggest sustained institutional interest. No major company-specific news today, indicating a macro/commodity-driven move.
Technical Analysis
Volume was elevated at 11.72M shares (Volume Ratio: 0.93), confirming the breakout. The MACD (DIF: 1.027, DEA: 0.586, MACD: 0.881) shows a strong bullish expansion. However, RSI(6) at 96.24 signals extreme overbought conditions, indicating a high probability of a near-term pullback or consolidation.
Key Price Levels
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Primary Support: $10.36 (Previous Resistance/Immediate Pivot) - A hold above this level confirms the breakout's strength.
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Strong Resistance: $11.28 (Today's/52-Week High) - Immediate ceiling.
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Immediate Pivot: $10.36 - Key level for intraday momentum.
Valuation Perspective
Trading at a P/E of 81.38 and P/S of 20.50, significantly above industry averages for precious metals miners, pricing in high growth expectations. ROE of 14.35% shows solid operational efficiency.
Analyst Targets
4 analysts cover ASM with an average price target of $8.125 (median: N/A), implying -27.7% downside from current levels. Sentiment is bullish with 3 "Buy" and 1 "Hold" ratings, though the current price has far exceeded consensus targets.
Weekly Outlook
Expect high volatility and potential profit-taking after the parabolic rise. Key watch is whether price can consolidate above $10.36. A break and close above $11.30 could target the $12.5 analyst high. A failure to hold $10.36 may see a retest towards $9.00.
Risk Disclaimer
This analysis is for informational purposes only and not financial advice. Trading involves significant risk. Past performance is not indicative of future results. Always conduct your own research and consider your financial situation before investing. The stock is in extreme overbought territory per RSI.
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