Lingerie Fighting Championships, Inc. Stock Forecast
Big movements in Lingerie Fighting Championships, Inc. stock price on Wednesday moving 50.00% between high and low
(Updated on May 22, 2024)
The Lingerie Fighting Championships, Inc. stock price fell by -8.33% on the last day (Wednesday, 22nd May 2024) from $0.0002 to $0.0002. During the last trading day the stock fluctuated 50.00% from a day low at $0.0002 to a day high of $0.0003. The price has been going up and down for this period, and there has been a 120% gain for the last 2 weeks. 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 -513 thousand shares and in total, 89 thousand shares were bought and sold for approximately $19.57 .
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 -2.86% during the next 3 months and, with a 90% probability hold a price between $0.00009079 and $0.0003 at the end of this 3-month period.
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BOTY Signals & Forecast
The Lingerie Fighting Championships, Inc. 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 $0.0002 and $0.0002. 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 Tuesday, May 21, 2024, and so far it has fallen -8.33%. 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.
A buy signal from a double bottom formation was found on Monday, May 20, 2024 and based on theory for this formation the price should go up by 36.36% to $0.0003 within 8 trading days since signal was issued (Thursday, May 23, 2024).
Support, Risk & Stop-loss for Lingerie Fighting Championships, Inc. stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.0002 and $0.0002. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $0.0002 may give a huge drop in the stock price.
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 $0.0001 between high and low, or 50.00%. For the last week the stock has had daily average volatility of 120.00%.
Our recommended stop-loss: $0.0002 (-6.10%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (BOTY) For The Upcoming Trading Day Of Thursday 23rd
For the upcoming trading day on Thursday, 23rd we expect Lingerie Fighting Championships, Inc. to open at $0.0002, and during the day (based on 14 day Average True Range), to move between $0.0001 and $0.0003, which gives a possible trading interval of +/-$0.0001 (+/-45.85%) up or down from last closing price. If Lingerie Fighting Championships, Inc. takes out the full calculated possible swing range there will be an estimated 91.70% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0002 (9.09%) than the support at $0.0002 (9.09%), 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 Lingerie Fighting Championships, Inc. stock A Buy?
Lingerie Fighting Championships, Inc. 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: -0.649 Hold/Accumulate Unchanged
Predicted Opening Price for Lingerie Fighting Championships, Inc. of Thursday, May 23, 2024
| Fair opening price May 23, 2024 | Current price |
|---|---|
| $0.0002 ( 9.09%) | $0.0002 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BOTY
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0003 | 54.55 % | |
| R2 | 0.0003 | 37.18 % | ||
| R1 | 0.0003 | 26.45 % | ||
| Current price: | 0.0002 | |||
| Support | S1 | 0.0002 | -8.27 % | |
| S2 | 0.0002 | -19.00 % | ||
| S3 | 0.0001 | -36.36 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0.0003 | 13.64 % | ||
| R1 | 0.0002 | 9.09 % | ||
| Current price | 0.0002 | |||
| Support | S1 | 0.0002 | -9.09% | |
| S2 | 0.0002 | -18.18% | ||
| S3 | 0 | . |
FAQ
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