Liberty Gold Corp. Stock Forecast
Liberty Gold Corp. stock price up more than 5.15% on Thursday
(Updated on Apr 25, 2024)
The Liberty Gold Corp. stock price gained 5.15% on the last trading day (Thursday, 25th Apr 2024), rising from $0.245 to $0.257. During the last trading day the stock fluctuated 7.39% from a day low at $0.242 to a day high of $0.260. The price has been going up and down for this period, and there has been a -1.27% loss for the last 2 weeks. Volume fell on the last day by -862 thousand shares and in total, 366 thousand shares were bought and sold for approximately $94.06 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
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 45.73% during the next 3 months and, with a 90% probability hold a price between $0.320 and $0.438 at the end of this 3-month period.
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LGDTF Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Friday, April 05, 2024, and so far it has fallen -7.85%. 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). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued. 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 $0.253 and $0.232. A breakdown below any of these levels will issue sell signals.
Support, Risk & Stop-loss for Liberty Gold Corp. stock
Liberty Gold Corp. finds support from accumulated volume at $0.245 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 periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.0179 between high and low, or 7.39%. For the last week the stock has had daily average volatility of 8.41%.
Our recommended stop-loss: $0.245 (-4.58%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 14 days ago.)
Trading Expectations (LGDTF) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Liberty Gold Corp. to open at $0.253, and during the day (based on 14 day Average True Range), to move between $0.237 and $0.278, which gives a possible trading interval of +/-$0.0205 (+/-7.98%) up or down from last closing price. If Liberty Gold Corp. takes out the full calculated possible swing range there will be an estimated 15.97% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.260 (1.13%) than the support at $0.245 (4.90%), 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 3.705 Buy Candidate Upgraded
Predicted Opening Price for Liberty Gold Corp. of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $0.253 ( 1.57%) | $0.257 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LGDTF
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.271 | 5.39 % | |
| R2 | 0.264 | 2.73 % | ||
| R1 | 0.260 | 1.09 % | ||
| Current price: | 0.257 | |||
| Support | S1 | 0.246 | -4.23 % | |
| S2 | 0.242 | -5.87 % | ||
| S3 | 0.235 | -8.53 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.269 | 4.67 % | |
| R2 | 0.266 | 3.49 % | ||
| R1 | 0.260 | 1.13 % | ||
| Current price | 0.257 | |||
| Support | S1 | 0.245 | -4.90% | |
| S2 | 0.220 | -14.59% | ||
| S3 | 0.197 | -23.38% |
FAQ
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