Lumos Diagnostics Holdings Limited Stock Forecast
Lumos Diagnostics Holdings Limited stock price up 3.33% on Friday
(Updated on Jun 28, 2024)
The Lumos Diagnostics Holdings Limited stock price gained 3.33% on the last trading day (Friday, 28th Jun 2024), rising from $0.0300 to $0.0310. During the last trading day the stock fluctuated 6.67% from a day low at $0.0300 to a day high of $0.0320. The price has been going up and down for this period, and there has been a -6.06% loss for the last 2 weeks. Volume fell on the last day by -359 thousand shares and in total, 2 million shares were bought and sold for approximately $59.29 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 middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -54.39% during the next 3 months and, with a 90% probability hold a price between $0.0119 and $0.0150 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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LDX.AX Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, June 26, 2024, and so far it has risen 10.71%. 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 Lumos Diagnostics Holdings Limited 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 $0.0316 and $0.0373. 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 Lumos Diagnostics Holdings Limited stock
Lumos Diagnostics Holdings Limited finds support from accumulated volume at $0.0300 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 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 $0.0020 between high and low, or 6.67%. For the last week the stock has had daily average volatility of 9.60%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (LDX.AX) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Lumos Diagnostics Holdings Limited to open at $0.0310, and during the day (based on 14 day Average True Range), to move between $0.0284 and $0.0336, which gives a possible trading interval of +/-$0.0026 (+/-8.54%) up or down from last closing price. If Lumos Diagnostics Holdings Limited takes out the full calculated possible swing range there will be an estimated 17.09% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0300 (3.23%) than the resistance at $0.0330 (6.45%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Lumos Diagnostics Holdings Limited stock A Buy?
Lumos Diagnostics Holdings Limited 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: -2.652 Sell Candidate Unchanged
Predicted Opening Price for Lumos Diagnostics Holdings Limited of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $0.0310 ( 0%) | $0.0310 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LDX.AX
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0330 | 6.45% |
| R2 | 0.0322 | 3.99% |
| R1 | 0.0318 | 2.46% |
| Price | 0.0310 | |
| S1 | 0.0302 | -2.46% |
| S2 | 0.0298 | -3.99% |
| S3 | 0.0290 | -6.45% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0370 | 19.35% |
| R2 | 0.0360 | 16.13% |
| R1 | 0.0330 | 6.45% |
| Price | 0.0310 | |
| S1 | 0.0300 | -3.23% |
| S2 | 0.0280 | -9.68% |
| S3 | 0 | - |
FAQ
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