LivePerson Inc. Stock Forecast
Volatile ride for LivePerson Inc. stock price on Monday moving between $0.458 and $0.513
(Updated on Apr 22, 2024)
The LivePerson Inc. stock price fell by -9.00% on the last day (Monday, 22nd Apr 2024) from $0.509 to $0.463. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 11.97% from a day low at $0.458 to a day high of $0.513. The price has fallen in 8 of the last 10 days and is down by -42.18% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -1 million shares and in total, 3 million shares were bought and sold for approximately $1.40 million.
The stock lies the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $0.628 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Due to the high volatility and the trend direction we are not able to give forecast range for this stock. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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LPSN Signals & Forecast
There are few to no technical positive signals at the moment. The LivePerson Inc. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $0.557 and $0.90. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, March 20, 2024, and so far it has fallen -59.02%. 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.
Support, Risk & Stop-loss for LivePerson Inc. stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
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 $0.0548 between high and low, or 11.97%. For the last week the stock has had daily average volatility of 11.29%.
LivePerson Inc. is oversold on RSI14 (8). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (LPSN) For The Upcoming Trading Day Of Tuesday 23rd
For the upcoming trading day on Tuesday, 23rd we expect LivePerson Inc. to open at $0.478, and during the day (based on 14 day Average True Range), to move between $0.372 and $0.554, which gives a possible trading interval of +/-$0.0911 (+/-19.68%) up or down from last closing price. If LivePerson Inc. takes out the full calculated possible swing range there will be an estimated 39.36% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $0.509, some $0.0458 (9.89%) from the current price of $0.463, our system finds the risk reward not very attractive.
Is LivePerson Inc. stock A Buy?
LivePerson Inc. holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -4.588 Sell Candidate Upgraded
Predicted Opening Price for LivePerson Inc. of Tuesday, April 23, 2024
| Fair opening price April 23, 2024 | Current price |
|---|---|
| $0.478 ( 3.21%) | $0.463 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LPSN
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.533 | 15.04 % | |
| R2 | 0.512 | 10.52 % | ||
| R1 | 0.499 | 7.73 % | ||
| Current price: | 0.463 | |||
| Support | S1 | 0.457 | -1.31 % | |
| S2 | 0.444 | -4.10 % | ||
| S3 | 0.423 | -8.62 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.567 | 22.48 % | |
| R2 | 0.558 | 20.43 % | ||
| R1 | 0.509 | 9.89 % | ||
| Current price | 0.463 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
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