Liberty Gold Corp 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
Liberty Gold Corp stock price up 4.48% on Wednesday
(Updated on May 01, 2024)
The Liberty Gold Corp stock price gained 4.48% on the last trading day (Wednesday, 1st May 2024), rising from $0.335 to $0.350. During the last trading day the stock fluctuated 6.06% from a day low at $0.330 to a day high of $0.350. The price has risen in 6 of the last 10 days and is up by 11.11% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 252 thousand more shares were traded than the day before. In total, 358 thousand shares were bought and sold for approximately $125.16 thousand.
The stock lies in the middle of a 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 58.14% during the next 3 months and, with a 90% probability hold a price between $0.497 and $0.606 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
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 $0.346 and $0.319. 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 19, 2024, and so far it has fallen -4.11%. 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 $0.345 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.0200 between high and low, or 6.06%. For the last week, the stock has had daily average volatility of 6.82%.
Our recommended stop-loss: $0.332 (-5.01%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 8 days ago.)
Trading Expectations (LGD.TO) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect Liberty Gold Corp to open at $0.343, and during the day (based on 14 day Average True Range), to move between $0.325 and $0.375, which gives a possible trading interval of +/-$0.0252 (+/-7.21%) up or down from last closing price. If Liberty Gold Corp takes out the full calculated possible swing range there will be an estimated 14.42% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.355 (1.43%) than the support at $0.345 (1.43%), 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.
Earnings coming up
Liberty Gold Corp will release earnings BMO on Thursday, May 09, 2024. We will update the financials statements for Liberty Gold Corp, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 5.78% in the first trading day after earnings release.
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: 3.477 Buy Candidate Unchanged
Predicted Opening Price for Liberty Gold Corp of Thursday, May 2, 2024
Fair opening price May 2, 2024 | Current price |
---|---|
$0.343 ( 1.90%) | $0.350 |
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 | 0.363 | 3.81 % | |
R2 | 0.356 | 1.63 % | ||
R1 | 0.351 | 0.278 % | ||
Current price: | 0.350 | |||
Support | S1 | 0.336 | -4.09 % | |
S2 | 0.331 | -5.44 % | ||
S3 | 0.323 | -7.62 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.365 | 4.29 % | |
R2 | 0.360 | 2.86 % | ||
R1 | 0.355 | 1.43 % | ||
Current price | 0.350 | |||
Support | S1 | 0.345 | -1.43% | |
S2 | 0.335 | -4.29% | ||
S3 | 0.330 | -5.71% |
FAQ
Click here for our free guide on how to buy Liberty Gold Corp Stock.