Grayscale Livepeer Trust (lpt) Trust Forecast
Big movements in Grayscale Livepeer Trust (lpt) trust price on Friday moving 13.12% between high and low
(Updated on Jun 28, 2024)
The Grayscale Livepeer Trust (lpt) trust price fell by -8.68% on the last day (Friday, 28th Jun 2024) from $24.20 to $22.10. During the last trading day the trust fluctuated 13.12% from a day low at $22.10 to a day high of $25.00. The price has fallen in 6 of the last 10 days and is down by -32.35% for this period. Volume has increased on the last day by 196 shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 900 shares were bought and sold for approximately $19.89 thousand.
The trust 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 trust is expected to fall -37.18% during the next 3 months and, with a 90% probability hold a price between $3.28 and $22.03 at the end of this 3-month period. 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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GLIV Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, June 26, 2024, and so far it has risen 4.15%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Grayscale Livepeer Trust (lpt) trust 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 $23.22 and $28.17. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Grayscale Livepeer Trust (lpt) 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 Grayscale Livepeer Trust (lpt) trust
On the downside, the trust finds support just below today's level from accumulated volume at $20.00 and $19.99. There is a natural risk involved when a trust is testing a support level, since if this is broken, the trust then may fall to the next support level. In this case, Grayscale Livepeer Trust (lpt) finds support just below today's level at $20.00. If this is broken, then the next support from accumulated volume will be at $19.99 and $18.00.
This trust may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this trust is considered to be "very high risk". During the last day, the trust moved $2.90 between high and low, or 13.12%. For the last week, the trust has had daily average volatility of 10.31%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (GLIV) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Grayscale Livepeer Trust (lpt) to open at $23.07, and during the day (based on 14 day Average True Range), to move between $18.59 and $25.61, which gives a possible trading interval of +/-$3.51 (+/-15.87%) up or down from last closing price. If Grayscale Livepeer Trust (lpt) takes out the full calculated possible swing range there will be an estimated 31.75% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $20.00 (9.50%) than the resistance at $24.87 (12.53%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Grayscale Livepeer Trust (lpt) trust A Buy?
Grayscale Livepeer Trust (lpt) 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 trust. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this trust since the last evaluation from a Sell to a Strong Sell candidate.
Current score: -5.734 Strong Sell Candidate Downgraded
Predicted Opening Price for Grayscale Livepeer Trust (lpt) of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $23.07 ( 4.37%) | $22.10 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GLIV
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 25.97 | 17.50% |
| R2 | 24.86 | 12.48% |
| R1 | 24.17 | 9.39% |
| Price | 22.10 | |
| S1 | 21.96 | -0.639% |
| S2 | 21.27 | -3.74% |
| S3 | 20.17 | -8.75% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 27.00 | 22.17% |
| R2 | 26.00 | 17.65% |
| R1 | 24.87 | 12.53% |
| Price | 22.10 | |
| S1 | 20.00 | -9.50% |
| S2 | 19.99 | -9.55% |
| S3 | 18.00 | -18.55% |
FAQ
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