Luduson G Inc. Stock Forecast

Stronger technical forecast for Luduson G Inc. stock price after Wednesday trading.
(Updated on Jun 26, 2024)

LDSN Signals & Forecast

A buy signal was issued from a pivot bottom point on Tuesday, June 25, 2024, and so far it has fallen 0%. 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 $0.229 and $0.134. A break-up above any of these levels will issue buy signals. 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 Luduson G Inc. stock

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 64.12%

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 Thursday 27th

For the upcoming trading day on Thursday, 27th we expect Luduson G Inc. to open at $0.0887, and during the day (based on 14 day Average True Range), to move between -$0.0243 and $0.202, which gives a possible trading interval of +/-$0.113 (+/-127.42%) up or down from last closing price. If Luduson G Inc. takes out the full calculated possible swing range there will be an estimated 254.84% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ $0.104, some $0.0148 (16.69%) from the current price of $0.0887, our system finds the risk reward not very attractive.

Is Luduson G Inc. stock A Buy?

Luduson G Inc. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.

Current score: -3.399 Sell Candidate Upgraded

Predicted Opening Price for Luduson G Inc. of Thursday, June 27, 2024

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