Luduson G Inc. Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Stronger technical forecast for Luduson G Inc. stock price after Wednesday trading.
(Updated on Jun 26, 2024)
No changes to the price of Luduson G Inc. stock on the last trading day (Wednesday, 26th Jun 2024). During the last trading day the stock fluctuated 0% from a day low at $0.0887 to a day high of $0.0887. The price has risen in 6 of the last 10 days but is still down by -65.88% for this period.
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 -$0.0640 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 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
Fair opening price June 27, 2024 | Current price |
---|---|
$0.0887 ( 0%) | $0.0887 |
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 | 0.0887 | - |
R2 | 0.0887 | - |
R1 | 0.0887 | - |
Price | 0.0887 | |
S1 | 0.0887 | - |
S2 | 0.0887 | - |
S3 | 0.0887 | - |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0 | - |
R2 | 0.110 | 24.01% |
R1 | 0.104 | 16.69% |
Price | 0.0887 | |
S1 | 0 | - |
S2 | 0 | - |
S3 | 0 | - |
FAQ
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