Lilium N.V. Stock Forecast
Stronger technical forecast for Lilium N.V. stock price after Tuesday trading.
(Updated on Apr 23, 2024)
The Lilium N.V. stock price gained 3.16% on the last trading day (Tuesday, 23rd Apr 2024), rising from $0.91 to $0.94. During the last trading day the stock fluctuated 5.49% from a day low at $0.91 to a day high of $0.96. The price has been going up and down for this period, and there has been a -0.21% loss for the last 2 weeks. Volume fell on the last day by -228 thousand shares and in total, 1 million shares were bought and sold for approximately $1.15 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 3.32% during the next 3 months and, with a 90% probability hold a price between $0.86 and $1.06 at the end of this 3-month period.
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LILM Signals & Forecast
The Lilium N.V. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $0.89 and $0.93. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 13.26%. 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 during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Support, Risk & Stop-loss for Lilium N.V. stock
Lilium N.V. finds support from accumulated volume at $0.93 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.0500 between high and low, or 5.49%. For the last week the stock has had daily average volatility of 5.57%.
Our recommended stop-loss: $0.91 (-3.38%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 5 days ago.)
Trading Expectations (LILM) For The Upcoming Trading Day Of Wednesday 24th
For the upcoming trading day on Wednesday, 24th we expect Lilium N.V. to open at $0.94, and during the day (based on 14 day Average True Range), to move between $0.89 and $0.99, which gives a possible trading interval of +/-$0.0498 (+/-5.30%) up or down from last closing price. If Lilium N.V. takes out the full calculated possible swing range there will be an estimated 10.60% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.93 (1.45%) than the resistance at $0.99 (5.50%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Lilium N.V. 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 Lilium N.V. stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 1.309 Buy Candidate Upgraded
Predicted Opening Price for Lilium N.V. of Wednesday, April 24, 2024
| Fair opening price April 24, 2024 | Current price |
|---|---|
| $0.94 ( 0.277%) | $0.94 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LILM
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.99 | 5.05 % | |
| R2 | 0.97 | 3.01 % | ||
| R1 | 0.96 | 1.76 % | ||
| Current price: | 0.94 | |||
| Support | S1 | 0.92 | -2.31 % | |
| S2 | 0.91 | -3.57 % | ||
| S3 | 0.89 | -5.60 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.01 | 7.57 % | |
| R2 | 0.99 | 5.82 % | ||
| R1 | 0.99 | 5.50 % | ||
| Current price | 0.94 | |||
| Support | S1 | 0.93 | -1.45% | |
| S2 | 0.90 | -4.25% | ||
| S3 | 0.83 | -11.71% |
FAQ
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