Lipocine Inc. Stock Forecast
Lipocine Inc. stock price up 1.39% on Thursday
(Updated on Mar 28, 2024)
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
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