Lexston Life Sciences Corp. Stock Forecast
Lexston Life Sciences Corp. stock price fell more than -5.26% Friday closing at $0.0900
(Updated on Jun 28, 2024)
The Lexston Life Sciences Corp. stock price fell by -5.26% on the last day (Friday, 28th Jun 2024) from $0.0950 to $0.0900. During the last trading day the stock fluctuated 5.56% from a day low at $0.0900 to a day high of $0.0950. The price has fallen in 5 of the last 10 days and is down by -18.18% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -370 thousand shares and in total, 274 thousand shares were bought and sold for approximately $24.69 thousand.
Given the current short-term trend, the stock is expected to rise 3.92% during the next 3 months and, with a 90% probability hold a price between $0.0935 and $0.121 at the end of this 3-month period.
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LEXT.CN Signals & Forecast
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 Lexston Life Sciences Corp. 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 $0.0986 and $0.0971. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, June 17, 2024, and so far it has fallen -21.74%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Lexston Life Sciences Corp. 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.
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 $0.0050 between high and low, or 5.56%. For the last week the stock has had daily average volatility of 8.43%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (LEXT.CN) For The Upcoming Trading Day Of Tuesday 2nd
For the upcoming trading day on Tuesday, 2nd we expect Lexston Life Sciences Corp. to open at $0.0917, and during the day (based on 14 day Average True Range), to move between $0.0819 and $0.0981, which gives a possible trading interval of +/-$0.0081 (+/-8.95%) up or down from last closing price. If Lexston Life Sciences Corp. takes out the full calculated possible swing range there will be an estimated 17.89% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $0.0950, some $0.0050 (5.56%) from the current price of $0.0900, our system finds the risk reward not very attractive.
Is Lexston Life Sciences Corp. stock A Buy?
The Lexston Life Sciences Corp. stock holds several negative signals and despite the positive trend, we believe Lexston Life Sciences Corp. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -1.338 Sell Candidate Unchanged
Predicted Opening Price for Lexston Life Sciences Corp. of Tuesday, July 2, 2024
| Fair opening price July 2, 2024 | Current price |
|---|---|
| $0.0917 ( 1.85%) | $0.0900 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LEXT.CN
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0967 | 7.41% |
| R2 | 0.0948 | 5.29% |
| R1 | 0.0936 | 3.97% |
| Price | 0.0900 | |
| S1 | 0.0898 | -0.270% |
| S2 | 0.0886 | -1.58% |
| S3 | 0.0867 | -3.70% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.110 | 22.22% |
| R2 | 0.100 | 11.11% |
| R1 | 0.0950 | 5.56% |
| Price | 0.0900 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
FAQ
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