Alpha Lithium Corporation Stock Forecast
Alpha Lithium Corporation stock price down 0% on Thursday
(Updated on Apr 25, 2024)
No changes to the price of Alpha Lithium Corporation stock on the last trading day (Thursday, 25th Apr 2024). During the last trading day the stock fluctuated 0% from a day low at $0.250 to a day high of $0.250. The price has risen in 4 of the last 10 days and is up by 19.05% over the past 2 weeks.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -3.36% during the next 3 months and, with a 90% probability hold a price between $0.200 and $0.280 at the end of this 3-month period.
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ALLIF Signals & Forecast
The Alpha Lithium Corporation 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 $0.243 and $0.248. 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 Wednesday, April 24, 2024, and so far it has fallen 0%. 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 on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Alpha Lithium Corporation stock
Alpha Lithium Corporation finds support from accumulated volume at $0.249 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 0.769%
Our recommended stop-loss: $0.240 (-4.10%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (ALLIF) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Alpha Lithium Corporation to open at $0.250, and during the day (based on 14 day Average True Range), to move between $0.221 and $0.279, which gives a possible trading interval of +/-$0.0287 (+/-11.47%) up or down from last closing price. If Alpha Lithium Corporation takes out the full calculated possible swing range there will be an estimated 22.94% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.250 (0.04%) than the support at $0.249 (0.36%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Alpha Lithium Corporation stock A Buy?
Alpha Lithium Corporation 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.
Current score: -0.936 Hold/Accumulate Unchanged
Predicted Opening Price for Alpha Lithium Corporation of Friday, April 26, 2024
Fair opening price April 26, 2024 | Current price |
---|---|
$0.250 ( 0%) | $0.250 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ALLIF
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.250 | . | |
R2 | 0.250 | . | ||
R1 | 0.250 | . | ||
Current price: | 0.250 | |||
Support | S1 | 0.250 | . | |
S2 | 0.250 | . | ||
S3 | 0.250 | . |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.268 | 7.34 % | |
R2 | 0.252 | 0.80 % | ||
R1 | 0.250 | 0.0400 % | ||
Current price | 0.250 | |||
Support | S1 | 0.249 | -0.360% | |
S2 | 0.240 | -4.00% | ||
S3 | 0.210 | -16.00% |
FAQ
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