Lithium Americas Stock Forecast
Red day on Wednesday for Lithium Americas stock after losing 4.06%
(Updated on Apr 24, 2024)
The Lithium Americas stock price fell by -4.06% on the last day (Wednesday, 24th Apr 2024) from $4.68 to $4.49. During the last trading day the stock fluctuated 7.22% from a day low at $4.43 to a day high of $4.75. The price has fallen in 6 of the last 10 days and is down by -37.55% for this period. Volume has increased on the last day by 3 million 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, 9 million shares were bought and sold for approximately $38.31 million.
Given the current short-term trend, the stock is expected to rise 49.79% during the next 3 months and, with a 90% probability hold a price between $6.73 and $11.55 at the end of this 3-month period.
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LAC Signals & Forecast
There are few to no technical positive signals at the moment. The Lithium Americas 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 $5.20 and $6.18. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, April 11, 2024, and so far it has fallen -38.83%. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Lithium Americas stock
Lithium Americas finds support from accumulated volume at $4.30 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.320 between high and low, or 7.22%. For the last week, the stock has had daily average volatility of 5.14%.
Lithium Americas is oversold on RSI14 (24). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (LAC) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Lithium Americas Corp. to open at $4.56, and during the day (based on 14 day Average True Range), to move between $3.99 and $4.99, which gives a possible trading interval of +/-$0.497 (+/-11.07%) up or down from last closing price. If Lithium Americas Corp. takes out the full calculated possible swing range there will be an estimated 22.15% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $4.66 (3.79%) than the support at $4.30 (4.23%), 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 Lithium Americas Corp. stock A Buy?
The Lithium Americas stock holds several negative signals and despite the positive trend, we believe Lithium Americas will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.025 Sell Candidate Unchanged
Predicted Opening Price for Lithium Americas Corp. of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| $4.56 ( 1.48%) | $4.49 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LAC
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.88 | 8.61 % | |
| R2 | 4.75 | 5.89 % | ||
| R1 | 4.68 | 4.21 % | ||
| Current price: | 4.49 | |||
| Support | S1 | 4.43 | -1.24 % | |
| S2 | 4.36 | -2.92 % | ||
| S3 | 4.24 | -5.64 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.75 | 5.79 % | |
| R2 | 4.73 | 5.35 % | ||
| R1 | 4.66 | 3.79 % | ||
| Current price | 4.49 | |||
| Support | S1 | 4.30 | -4.23% | |
| S2 | 4.21 | -6.24% | ||
| S3 | 3.83 | -14.70% |
LAC Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 29, 2023 | Oct 04, 2023 | Nov 21, 2023 | $6.01 | 85.13% |
FAQ
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