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 ended at $0.214 on Wednesday, after gaining 3.03%.
(Updated on Mar 27, 2024)
The Liberty Gold Corp. stock price gained 3.03% on the last trading day (Wednesday, 27th Mar 2024), rising from $0.208 to $0.214. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 5.30% from a day low at $0.204 to a day high of $0.215. The price has been going up and down for this period, and there has been a 2.54% gain 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, 41 thousand more shares were traded than the day before. In total, 171 thousand shares were bought and sold for approximately $36.58 thousand.
The stock lies the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $0.219 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -7.11% during the next 3 months and, with a 90% probability hold a price between $0.154 and $0.203 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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LGDTF 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 $0.203 and $0.192. 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. The very low volume increases the risk and reduces the other technical signals issued. 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, March 21, 2024, and so far it has fallen -2.41%. 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
On the downside, the stock finds support just below today's level from accumulated volume at $0.199 and $0.197. There is a 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 $0.199. If this is broken, then the next support from accumulated volume will be at $0.197 and $0.175.
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 $0.0108 between high and low, or 5.30%. For the last week, the stock has had daily average volatility of 8.37%.
Our recommended stop-loss: $0.204 (-4.73%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 4 days ago.)
Trading Expectations (LGDTF) For The Upcoming Trading Day Of Thursday 28th
For the upcoming trading day on Thursday, 28th we expect Liberty Gold Corp. to open at $0.211, and during the day (based on 14 day Average True Range), to move between $0.200 and $0.228, which gives a possible trading interval of +/-$0.0138 (+/-6.45%) up or down from last closing price. If Liberty Gold Corp. takes out the full calculated possible swing range there will be an estimated 12.90% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.216 (0.74%) than the support at $0.199 (7.14%), 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?
Liberty Gold Corp. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.332 Hold/Accumulate Unchanged
Predicted Opening Price for Liberty Gold Corp. of Thursday, March 28, 2024
Fair opening price March 28, 2024 | Current price |
---|---|
$0.211 ( 1.56%) | $0.214 |
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 | 0.222 | 3.48 % | |
R2 | 0.218 | 1.56 % | ||
R1 | 0.215 | 0.366 % | ||
Current price: | 0.214 | |||
Support | S1 | 0.207 | -3.48 % | |
S2 | 0.204 | -4.67 % | ||
S3 | 0.200 | -6.60 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.239 | 11.52 % | |
R2 | 0.220 | 2.47 % | ||
R1 | 0.216 | 0.741 % | ||
Current price | 0.214 | |||
Support | S1 | 0.199 | -7.14% | |
S2 | 0.197 | -8.08% | ||
S3 | 0.175 | -18.34% |
FAQ
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