RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
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Lipocine Inc. stock price up 1.39% on Thursday
(Updated on Mar 28, 2024)

Buy or Hold candidate since Mar 12, 2024 Gain 31.31% PDF

The Lipocine Inc. stock price gained 1.39% on the last trading day (Thursday, 28th Mar 2024), rising from $5.13 to $5.20. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 9.32% from a day low at $4.85 to a day high of $5.30. The price has fallen in 6 of the last 10 days but is still up by 10.87% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 28 thousand more shares were traded than the day before. In total, 49 thousand shares were bought and sold for approximately $254.23 thousand.

The stock has broken the very wide and strong rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at $5.19, a level that may pose a second chance to hit a runner. According to fan-theory $6.46 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.

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LPCN Signals & Forecast

Mostly positive signals in the chart today. The Lipocine Inc. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $4.59 and $4.10. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, March 22, 2024, and so far it has risen 28.71%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Lipocine Inc. has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk.

Support, Risk & Stop-loss for Lipocine Inc. stock

On the downside, the stock finds support just below today's level from accumulated volume at $4.79 and $4.69. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Lipocine Inc. finds support just below today's level at $4.79. If this is broken, then the next support from accumulated volume will be at $4.69 and $4.01.

This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.452 between high and low, or 9.32%. For the last week, the stock has had daily average volatility of 12.35%.

The Lipocine Inc. stock is extremely overbought on RSI14 (76). Normally this may pose a good selling opportunity but since the stock has broken the trend up, the chance for a major correction due to high RSI is very small as the stock will find support at the trend broken.

Our recommended stop-loss: $5.02 (-3.48%) (This stock has very high daily movements and this gives very high risk. The RSI14 is 76 and this increases the risk substantially. There is a buy signal from a pivot bottom found 4 days ago.)

Trading Expectations (LPCN) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Lipocine Inc. to open at $5.12, and during the day (based on 14 day Average True Range), to move between $4.80 and $5.60, which gives a possible trading interval of +/-$0.402 (+/-7.73%) up or down from last closing price. If Lipocine Inc. takes out the full calculated possible swing range there will be an estimated 15.46% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $4.79, some $0.410 (7.88%) from the current price of $5.20, our system finds the risk reward attractive.

Is Lipocine Inc. stock A Buy?

Lipocine Inc. holds several positive signals and has broken the strong rising trend up. As the stock is also in great technical shape we, therefore, consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.

Current score: 6.563 Strong Buy Candidate Unchanged

Predicted Opening Price for Lipocine Inc. of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$5.12 ( 1.59%) $5.20

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for LPCN

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 5.57 7.11 %
R2 5.40 3.78 %
R1 5.29 1.73 %
Current price: 5.20
Support S1 4.94 -4.91 %
S2 4.84 -6.96 %
S3 4.67 -10.28 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 0 .
Current price 5.20
Support S1 4.79 -7.88%
S2 4.69 -9.81%
S3 4.01 -22.88%

FAQ

What is the symbol for Lipocine Inc. Stock and on which exchange is it traded?
The symbol for Lipocine Inc. is LPCN and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Lipocine Inc. Stock?
Lipocine Inc. holds several positive signals and has broken the strong rising trend up. As the stock is also in great technical shape we, therefore, consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.

How to buy Lipocine Inc. Stock?
Lipocine Inc. Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Lipocine Inc. Stock.

What's the current price of Lipocine Inc. Stock?
As of the end of day on the 2024-03-28, the price of an Lipocine Inc. (LPCN) share was $5.20.

What is the 52-week high and low for Lipocine Inc. Stock?
The 52-week high for Lipocine Inc. Stock is $5.85 and the 52-week low is $0.230.

What is the market capitalization of Lipocine Inc. Stock?
As of the 2024-03-28, the market capitalization of Lipocine Inc. is 27.264M.

When is the next earnings date for Lipocine Inc.?
The upcoming earnings date for Lipocine Inc. is May 09, 2024.
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About Lipocine Inc.

Lipocine. Lipocine Inc., a clinical-stage biopharmaceutical company, focuses on the development of pharmaceutical products for the treatment of neuroendocrine and metabolic disorders. The company's primary development programs are based on oral delivery solutions for poorly bioavailable drugs. Its lead product candidate is TLANDO, an oral testosterone replacement therapy. The company's pipeline candidates also include LPCN 1144, an oral prodrug of bioident... LPCN Profile

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