Labrador Iron Ore Royalty Corporation Stock Forecast
Labrador Iron Ore Royalty Corporation stock price down 0% on Friday
(Updated on Apr 19, 2024)
No changes to the price of Labrador Iron Ore Royalty Corporation stock on the last trading day (Friday, 19th Apr 2024). During the last trading day the stock fluctuated 0% from a day low at $22.02 to a day high of $22.02. The price has risen in 5 of the last 10 days and is up by 2.42% over the past 2 weeks.
The stock lies the upper part of a 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 $22.31 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 -11.66% during the next 3 months and, with a 90% probability hold a price between $17.57 and $19.71 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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LIFZF Signals & Forecast
The Labrador Iron Ore Royalty Corporation 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 $21.88 and $21.84. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, March 14, 2024, and so far it has risen 4.48%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Labrador Iron Ore Royalty Corporation stock
Labrador Iron Ore Royalty Corporation finds support from accumulated volume at $22.01 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 1.02%
Our recommended stop-loss: $20.85 (-5.31%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 25 days ago.)
Trading Expectations (LIFZF) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect Labrador Iron Ore Royalty Corporation to open at $22.02, and during the day (based on 14 day Average True Range), to move between $21.64 and $22.40, which gives a possible trading interval of +/-$0.379 (+/-1.72%) up or down from last closing price. If Labrador Iron Ore Royalty Corporation takes out the full calculated possible swing range there will be an estimated 3.45% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $22.01 (0.05%) than the resistance at $22.15 (0.59%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Labrador Iron Ore Royalty Corporation stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.
Current score: 1.656 Buy Candidate Unchanged
Predicted Opening Price for Labrador Iron Ore Royalty Corporation of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| $22.02 ( 0%) | $22.02 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LIFZF
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 22.02 | . | |
| R2 | 22.02 | . | ||
| R1 | 22.02 | . | ||
| Current price: | 22.02 | |||
| Support | S1 | 22.02 | . | |
| S2 | 22.02 | . | ||
| S3 | 22.02 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 23.50 | 6.72 % | |
| R2 | 23.01 | 4.51 % | ||
| R1 | 22.15 | 0.590 % | ||
| Current price | 22.02 | |||
| Support | S1 | 22.01 | -0.0454% | |
| S2 | 21.95 | -0.318% | ||
| S3 | 21.16 | -3.91% |
LIFZF Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 27, 2024 | Mar 27, 2024 | Mar 27, 2024 | $0 | 0% |
| 2 | Dec 28, 2023 | Dec 28, 2023 | Jan 26, 2024 | $0 | 0% |
| 3 | Sep 28, 2023 | Sep 28, 2023 | Oct 26, 2023 | $0.704 | 3.21% |
| 4 | Jun 29, 2023 | Jun 29, 2023 | Jul 26, 2023 | $0.491 | 2.04% |
| 5 | Mar 30, 2023 | Mar 30, 2023 | Apr 26, 2023 | $0.369 | 1.64% |
FAQ
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