LIG Assets, Inc. Stock Forecast

High volatility in LIG Assets, Inc. stock price on Monday which ended trading at $0.0330
(Updated on Apr 15, 2024)

LIGA Signals & Forecast

The LIG Assets, Inc. 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 $0.0287 and $0.0273. A breakdown below any of these levels will issue sell signals. Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". 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 Friday, April 12, 2024, and so far it has fallen 0%. 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 LIG Assets, Inc. stock

On the downside, the stock finds support just below today's level from accumulated volume at $0.0295 and $0.0294. 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, LIG Assets, Inc. finds support just below today's level at $0.0295. If this is broken, then the next support from accumulated volume will be at $0.0294 and $0.0250.

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 $0.0080 between high and low, or 32.00%. For the last week, the stock has had daily average volatility of 27.24%.

Our recommended stop-loss: $0.0317 (-3.88%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 1 day ago.)

Trading Expectations (LIGA) For The Upcoming Trading Day Of Tuesday 16th

For the upcoming trading day on Tuesday, 16th we expect LIG Assets, Inc. to open at $0.0303, and during the day (based on 14 day Average True Range), to move between $0.0276 and $0.0384, which gives a possible trading interval of +/-$0.0054 (+/-16.44%) up or down from last closing price. If LIG Assets, Inc. takes out the full calculated possible swing range there will be an estimated 32.87% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $0.0295, some $0.0035 (10.61%) from the current price of $0.0330, our system finds the risk reward attractive.

Is LIG Assets, Inc. stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for LIG Assets, Inc. stock to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.

Current score: 2.506 Buy Candidate Downgraded

Predicted Opening Price for LIG Assets, Inc. of Tuesday, April 16, 2024

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