Ladybug Resource Group, Inc. Stock Forecast

Big movements in Ladybug Resource Group, Inc. stock price on Monday moving 25.00% between high and low
(Updated on May 20, 2024)

LBRG Signals & Forecast

The Ladybug Resource Group, Inc. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $0.0175 and $0.0166. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Friday, May 17, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. 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 Ladybug Resource Group, Inc. stock

On the downside, the stock finds support just below today's level from accumulated volume at $0.0180 and $0.0170. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Ladybug Resource Group, Inc. finds support just below today's level at $0.0180. If this is broken, then the next support from accumulated volume will be at $0.0170 and $0.0167.

This stock may move much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.0040 between high and low, or 25.00%. For the last week the stock has had daily average volatility of 14.17%.

Our recommended stop-loss: $0.0192 (-3.82%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 2 days ago.)

Trading Expectations (LBRG) For The Upcoming Trading Day Of Tuesday 21st

For the upcoming trading day on Tuesday, 21st we expect Ladybug Resource Group, Inc. to open at $0.0187, and during the day (based on 14 day Average True Range), to move between $0.0177 and $0.0223, which gives a possible trading interval of +/-$0.0023 (+/-11.48%) up or down from last closing price. If Ladybug Resource Group, Inc. takes out the full calculated possible swing range there will be an estimated 22.95% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $0.0180, some $0.0020 (10.00%) from the current price of $0.0200, our system finds the risk reward attractive.

Is Ladybug Resource Group, Inc. stock A Buy?

Several short-term signals are positive and the break-up from the falling trend indicates a possible shift for a trend. We believe that the prices around the breaking point will indicate particularly good levels, but we also believe that the current level will hold a possible good buy level for the short-term period.

Current score: 1.526 Buy Candidate Unchanged

Predicted Opening Price for Ladybug Resource Group, Inc. of Tuesday, May 21, 2024

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