LM Funding America Stock Forecast

LM Funding America stock downgraded from Buy Candidate to Hold/Accumulate after Wednesday trading session.
(Updated on Apr 24, 2024)

LMFA Signals & Forecast

The LM Funding America stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $2.64 and $2.72. A breakdown below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Thursday, March 28, 2024, and so far it has fallen -25.41%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for LM Funding America stock

LM Funding America finds support from accumulated volume at $2.72 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved $0.150 between high and low, or 5.60%. For the last week the stock has had daily average volatility of 10.14%.

Our recommended stop-loss: $2.58 (-5.38%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 18 days ago.)

Trading Expectations (LMFA) For The Upcoming Trading Day Of Thursday 25th

For the upcoming trading day on Thursday, 25th we expect LM Funding America to open at $2.75, and during the day (based on 14 day Average True Range), to move between $2.43 and $3.03, which gives a possible trading interval of +/-$0.296 (+/-10.85%) up or down from last closing price. If LM Funding America takes out the full calculated possible swing range there will be an estimated 21.71% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $2.72 (0.37%) than the resistance at $3.03 (10.99%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is LM Funding America stock A Buy?

LM Funding America holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: 0.354 Hold/Accumulate Downgraded

Predicted Opening Price for LM Funding America of Thursday, April 25, 2024

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