American Lithium Corp. Stock Forecast

Red day on Friday for American Lithium Corp. stock after losing 3.80%
(Updated on Jun 28, 2024)

LI.V Signals & Forecast

There are mixed signals in the stock today. The American Lithium Corp. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $0.772 and $0.89. A break-up above any of these levels will issue buy signals. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued. A buy signal was issued from a pivot bottom point on Tuesday, June 25, 2024, and so far it has risen 4.11%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for American Lithium Corp. stock

American Lithium Corp. finds support from accumulated volume at $0.740 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 $0.0400 between high and low, or 5.26%. For the last week the stock has had daily average volatility of 5.36%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (LI.V) For The Upcoming Trading Day Of Tuesday 2nd

For the upcoming trading day on Tuesday, 2nd we expect American Lithium Corp. to open at $0.773, and during the day (based on 14 day Average True Range), to move between $0.712 and $0.81, which gives a possible trading interval of +/-$0.0479 (+/-6.30%) up or down from last closing price. If American Lithium Corp. takes out the full calculated possible swing range there will be an estimated 12.60% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.740 (2.63%) than the resistance at $0.790 (3.95%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is American Lithium Corp. stock A Buy?

American Lithium 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.

Current score: -2.794 Sell Candidate Unchanged

Predicted Opening Price for American Lithium Corp. of Tuesday, July 2, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.