Evaluation of Liberty Gold Corp. stock downgraded after the last trading session.
(Updated on Jan 21, 2022)
Sell candidate since 2022-01-14 Gain 12.43% PDF
No changes to the price of Liberty Gold Corp. stock on the last trading day (Friday, 21st Jan 2022). During the day the stock fluctuated 0% from a day low at $0.85 to a day high of $0.85. The price has risen in 7 of the last 10 days and is up by 24.82% over the past 2 weeks.
The stockhas broken the very wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is $0.85, a level that may pose a second chance to hit a runner. According to fan-theory $1.10 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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 $0.79 and $0.76. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Thursday, January 20, 2022, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. 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.
Support, Risk & Stop-loss
On the downside, the stock finds support just below today's level from accumulated volume at $0.76 and $0.75. There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Liberty Gold Corp. finds support just below today's level at $0.76. If this is broken, then the next support from accumulated volume will be at $0.75 and $0.72.
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 a daily average volatility of 8.59%
Our recommended stop-loss: We hold an negative evaluation for this stock. No stop-loss is set.
Is Liberty Gold Corp. stock A Buy?
Liberty Gold Corp. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.164Sell Candidate Downgraded
Predicted Opening Price for Liberty Gold Corp. of Monday, January 24, 2022
The predicted opening price is based on yesterday's movements between high, low, and the closing price.
|Fair opening price January 24, 2022||Current price|
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