Liberty Gold Corp. Stock Forecast
High volatility in Liberty Gold Corp. stock price on Friday which ended trading at $0.242
(Updated on May 03, 2024)
The Liberty Gold Corp. stock price fell by -4.03% on the last day (Friday, 3rd May 2024) from $0.252 to $0.242. During the last trading day the stock fluctuated 14.93% from a day low at $0.238 to a day high of $0.273. The price has fallen in 6 of the last 10 days and is down by -10.32% for this period. Volume has increased on the last day by 66 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 177 thousand shares were bought and sold for approximately $42.90 thousand.
The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.232 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 47.82% during the next 3 months and, with a 90% probability hold a price between $0.343 and $0.460 at the end of this 3-month period.
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LGDTF Signals & Forecast
A sell signal was issued from a pivot top point on Friday, April 05, 2024, and so far it has fallen -13.22%. 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). Liberty Gold Corp. gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued. Some positive signals were issued as well, and these may have some influence on the near short-term development. The Liberty Gold Corp. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $0.254. On a fall, the stock will find some support from the long-term average at approximately $0.239. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal.
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 $0.220 and $0.205. 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 $0.220. If this is broken, then the next support from accumulated volume will be at $0.205 and $0.197.
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 $0.0355 between high and low, or 14.93%. For the last week, the stock has had daily average volatility of 7.34%.
Our recommended stop-loss: $0.235 (-2.94%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 20 days ago.)
Trading Expectations (LGDTF) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Liberty Gold Corp. to open at $0.251, and during the day (based on 14 day Average True Range), to move between $0.222 and $0.262, which gives a possible trading interval of +/-$0.0198 (+/-8.18%) up or down from last closing price. If Liberty Gold Corp. takes out the full calculated possible swing range there will be an estimated 16.36% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.245 (0.98%) than the support at $0.220 (9.30%), 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 of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period.
Current score: 2.433 Buy Candidate Unchanged
Predicted Opening Price for Liberty Gold Corp. of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $0.251 ( 3.70%) | $0.242 |
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 | 0.287 | 18.36 % | |
| R2 | 0.273 | 12.76 % | ||
| R1 | 0.265 | 9.30 % | ||
| Current price: | 0.242 | |||
| Support | S1 | 0.238 | -1.90 % | |
| S2 | 0.229 | -5.36 % | ||
| S3 | 0.216 | -10.97 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.269 | 11.14 % | |
| R2 | 0.260 | 7.38 % | ||
| R1 | 0.245 | 0.98 % | ||
| Current price | 0.242 | |||
| Support | S1 | 0.220 | -9.30% | |
| S2 | 0.205 | -15.17% | ||
| S3 | 0.197 | -18.64% |
FAQ
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