ACME Lithium Inc. Stock Forecast

High volatility in ACME Lithium Inc. stock price on Friday which ended trading at $0.0360
(Updated on Jun 28, 2024)

ACLHF Signals & Forecast

There are few to no technical positive signals at the moment. The ACME Lithium 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 $0.0396 and $0.0462. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, May 31, 2024, and so far it has fallen -28.00%. 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). ACME Lithium Inc. gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for ACME Lithium Inc. stock

On the downside, the stock finds support just below today's level from accumulated volume at $0.0331. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $ may give a huge drop in the stock price.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.0040 between high and low, or 11.11%. For the last week, the stock has had daily average volatility of 2.22%.

ACME Lithium Inc. is oversold on RSI14 (16). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

Our recommended stop-loss: $0.0343 (-4.80%) (This stock has high daily movements and this gives high risk. Low RSI14 is 16 which reduces the risk some. There is a sell signal from a pivot top found 22 days ago.)

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

For the upcoming trading day on Monday, 1st we expect ACME Lithium Inc. to open at $0.0373, and during the day (based on 14 day Average True Range), to move between $0.0328 and $0.0392, which gives a possible trading interval of +/-$0.0032 (+/-8.75%) up or down from last closing price. If ACME Lithium Inc. takes out the full calculated possible swing range there will be an estimated 17.50% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.0331 (8.19%) than the resistance at $0.0400 (11.11%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is ACME Lithium Inc. stock A Buy?

ACME Lithium Inc. holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: 0.000 Hold/Accumulate Unchanged

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for ACME Lithium Inc. of Monday, July 1, 2024

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