Luduson G Inc. Stock Forecast
High volatility in Luduson G Inc. stock price on Friday which ended trading at $0.110
(Updated on Jun 21, 2024)
The Luduson G Inc. stock price gained 6.28% on the last trading day (Friday, 21st Jun 2024), rising from $0.104 to $0.110. During the last trading day the stock fluctuated 56.25% from a day low at $0.0800 to a day high of $0.125. The price has risen in 7 of the last 10 days and is up by 378.26% over the past 2 weeks. Volume fell on the last day by -2 million shares and in total, 260 thousand shares were bought and sold for approximately $28.61 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at -$0.0961 is broken, it will firstly indicate a stronger fall rate. Due to the high volatility and the trend direction we are not able to give forecast range for this stock.
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LDSN Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, June 20, 2024, and so far it has risen 6.28%. Further rise is indicated until a new top pivot has been found. 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. The Luduson G Inc. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $0.488 and $0.127. A break-up above any of these levels will issue buy signals. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Luduson G Inc. stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.104. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $ 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 $0.0450 between high and low, or 56.25%. For the last week the stock has had daily average volatility of 262.59%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (LDSN) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect Luduson G Inc. to open at $0.105, and during the day (based on 14 day Average True Range), to move between -$0.0228 and $0.243, which gives a possible trading interval of +/-$0.133 (+/-120.73%) up or down from last closing price. If Luduson G Inc. takes out the full calculated possible swing range there will be an estimated 241.46% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $0.104, some $0.0065 (5.91%) from the current price of $0.110, our system finds the risk reward attractive.
Is Luduson G Inc. stock A Buy?
Luduson G Inc. 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 stock.
Current score: -5.593 Strong Sell Candidate Unchanged
Predicted Opening Price for Luduson G Inc. of Monday, June 24, 2024
| Fair opening price June 24, 2024 | Current price |
|---|---|
| $0.105 ( 4.55%) | $0.110 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LDSN
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.150 | 36.36% |
| R2 | 0.133 | 20.74% |
| R1 | 0.122 | 11.08% |
| Price | 0.110 | |
| S1 | 0.0878 | -20.17% |
| S2 | 0.0772 | -29.83% |
| S3 | 0.0600 | -45.45% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 0.110 | |
| S1 | 0.104 | -5.91% |
| S2 | 0 | - |
| S3 | 0 | - |
FAQ
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