MSP Recovery, Inc. Stock Forecast
MSP Recovery, Inc. stock price ended at $0.457 on Tuesday, after losing 4.11%.
(Updated on Jun 25, 2024)
The MSP Recovery, Inc. stock price fell by -4.11% on the last day (Tuesday, 25th Jun 2024) from $0.477 to $0.457. It has now fallen 9 days in a row. During the last trading day the stock fluctuated 9.65% from a day low at $0.457 to a day high of $0.501. The price has fallen in 9 of the last 10 days and is down by -32.58% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -19 thousand shares and in total, 267 thousand shares were bought and sold for approximately $122.15 thousand.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -35.56% during the next 3 months and, with a 90% probability hold a price between $0.0733 and $0.679 at the end of this 3-month period.
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LIFW Signals & Forecast
There are few to no technical positive signals at the moment. The MSP Recovery, Inc. 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 $0.520 and $0.701. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, April 08, 2024, and so far it has fallen -70.71%. 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 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.
Support, Risk & Stop-loss for MSP Recovery, Inc. stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
This stock may move very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved $0.0441 between high and low, or 9.65%. For the last week the stock has had daily average volatility of 6.76%.
MSP Recovery, Inc. is oversold on RSI14 (1). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (LIFW) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect MSP Recovery, Inc. to open at $0.472, and during the day (based on 14 day Average True Range), to move between $0.399 and $0.514, which gives a possible trading interval of +/-$0.0575 (+/-12.58%) up or down from last closing price. If MSP Recovery, Inc. takes out the full calculated possible swing range there will be an estimated 25.17% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $0.477, some $0.0196 (4.29%) from the current price of $0.457, our system finds the risk reward not very attractive.
Is MSP Recovery, Inc. stock A Buy?
MSP Recovery, Inc. holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -8.034 Strong Sell Candidate Unchanged
Predicted Opening Price for MSP Recovery, Inc. of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $0.472 ( 3.22%) | $0.457 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LIFW
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.516 | 12.87% |
| R2 | 0.499 | 9.18% |
| R1 | 0.488 | 6.90% |
| Price | 0.457 | |
| S1 | 0.455 | -0.470% |
| S2 | 0.444 | -2.75% |
| S3 | 0.428 | -6.43% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.544 | 19.15% |
| R2 | 0.525 | 14.88% |
| R1 | 0.477 | 4.29% |
| Price | 0.457 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
FAQ
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