Liberty Gold Corp Stock Forecast
Volatile ride for Liberty Gold Corp stock price on Thursday moving between $0.320 and $0.355
(Updated on Apr 18, 2024)
The Liberty Gold Corp stock price gained 7.94% on the last trading day (Thursday, 18th Apr 2024), rising from $0.315 to $0.340. During the last trading day the stock fluctuated 10.94% from a day low at $0.320 to a day high of $0.355. The price has been going up and down for this period, and there has been a -4.23% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 188 thousand more shares were traded than the day before. In total, 367 thousand shares were bought and sold for approximately $124.65 thousand.
The stock lies in the middle of a very wide and strong 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 38.40% during the next 3 months and, with a 90% probability hold a price between $0.388 and $0.519 at the end of this 3-month period.
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LGD.TO Signals & Forecast
The Liberty Gold Corp stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $0.331 and $0.300. A breakdown below any of these levels will issue sell signals. Liberty Gold Corp has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Friday, April 05, 2024, and so far it has fallen -5.56%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Liberty Gold Corp stock
Liberty Gold Corp finds support from accumulated volume at $0.330 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 a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.0350 between high and low, or 10.94%. For the last week, the stock has had daily average volatility of 8.73%.
Our recommended stop-loss: $0.323 (-5.10%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 9 days ago.)
Trading Expectations (LGD.TO) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Liberty Gold Corp to open at $0.338, and during the day (based on 14 day Average True Range), to move between $0.314 and $0.366, which gives a possible trading interval of +/-$0.0260 (+/-7.66%) up or down from last closing price. If Liberty Gold Corp takes out the full calculated possible swing range there will be an estimated 15.32% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.345 (1.47%) than the support at $0.330 (2.94%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Liberty Gold Corp stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Liberty Gold Corp stock to perform well in the short-term.
Current score: 1.181 Buy Candidate Unchanged
Predicted Opening Price for Liberty Gold Corp of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $0.338 ( 0.490%) | $0.340 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LGD.TO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.373 | 9.80 % | |
| R2 | 0.360 | 5.87 % | ||
| R1 | 0.352 | 3.44 % | ||
| Current price: | 0.340 | |||
| Support | S1 | 0.325 | -4.42 % | |
| S2 | 0.317 | -6.85 % | ||
| S3 | 0.303 | -10.78 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.360 | 5.88 % | |
| R2 | 0.355 | 4.41 % | ||
| R1 | 0.345 | 1.47 % | ||
| Current price | 0.340 | |||
| Support | S1 | 0.330 | -2.94% | |
| S2 | 0.320 | -5.88% | ||
| S3 | 0.260 | -23.53% |
FAQ
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