Lion Copper and Gold Corp. Stock Forecast
Lion Copper and Gold Corp. stock upgraded from Sell Candidate to Hold/Accumulate after Monday trading session.
(Updated on Jun 24, 2024)
No changes to the price of Lion Copper and Gold Corp. stock on the last trading day (Monday, 24th Jun 2024). During the last trading day the stock fluctuated 0% from a day low at $0.0750 to a day high of $0.0750. The price has been going up and down for this period, and there has been a -6.25% loss for the last 2 weeks.
The stock lies in the middle of a very wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 3.55% during the next 3 months and, with a 90% probability hold a price between $0.0704 and $0.0939 at the end of this 3-month period.
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LEO.V Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, June 20, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Lion Copper and Gold Corp. 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 $0.0779 and $0.0804. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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.
A sell signal from a double top formation was found on Wednesday, May 29, 2024 and based on theory for this formation the price should fall by -8.00% to $0.0690 within 5 trading days since signal was issued (Wednesday, June 05, 2024).
Support, Risk & Stop-loss for Lion Copper and Gold Corp. stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.0700 and $0.0650. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $0.0650 may give a huge drop in the stock price.
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 17.78%
Lion Copper and Gold Corp. is oversold on RSI14 (20). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: $0.0701 (-6.60%) (This stock has low daily movements and this gives low risk. Low RSI14 is 20 which reduces the risk some. There is a buy signal from a pivot bottom found 14 days ago.)
Trading Expectations (LEO.V) For The Upcoming Trading Day Of Tuesday 25th
For the upcoming trading day on Tuesday, 25th we expect Lion Copper and Gold Corp. to open at $0.0750, and during the day (based on 14 day Average True Range), to move between $0.0697 and $0.0803, which gives a possible trading interval of +/-$0.0053 (+/-7.12%) up or down from last closing price. If Lion Copper and Gold Corp. takes out the full calculated possible swing range there will be an estimated 14.25% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0700 (6.67%) than the resistance at $0.0800 (6.67%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Lion Copper and Gold Corp. stock A Buy?
Lion Copper and Gold Corp. holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.128 Hold/Accumulate Upgraded
Predicted Opening Price for Lion Copper and Gold Corp. of Tuesday, June 25, 2024
| Fair opening price June 25, 2024 | Current price |
|---|---|
| $0.0750 ( 0%) | $0.0750 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LEO.V
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0750 | - |
| R2 | 0.0750 | - |
| R1 | 0.0750 | - |
| Price | 0.0750 | |
| S1 | 0.0750 | - |
| S2 | 0.0750 | - |
| S3 | 0.0750 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0900 | 20.00% |
| R2 | 0.0850 | 13.33% |
| R1 | 0.0800 | 6.67% |
| Price | 0.0750 | |
| S1 | 0.0700 | -6.67% |
| S2 | 0.0650 | -13.33% |
| S3 | 0 | - |
FAQ
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