Lithium South Development Corporation Stock Forecast
Lithium South Development Corporation stock downgraded to Sell Candidate
(Updated on Jun 21, 2024)
No changes to the price of Lithium South Development Corporation stock on the last trading day (Friday, 21st Jun 2024). During the last trading day the stock fluctuated 0% from a day low at $0.207 to a day high of $0.207. The price has been going up and down for this period, and there has been a -12.46% loss for the last 2 weeks.
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 -53.53% during the next 3 months and, with a 90% probability hold a price between $0.0722 and $0.102 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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LISMF Signals & Forecast
There are mixed signals in the stock today. The Lithium South Development Corporation 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 $0.212 and $0.249. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Thursday, June 20, 2024, and so far it has fallen 0%. 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). 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.
Support, Risk & Stop-loss for Lithium South Development Corporation 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 has average movements during the day and with good trading volume, the risk is considered to be medium. 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 0.295%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (LISMF) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect Lithium South Development Corporation to open at $0.207, and during the day (based on 14 day Average True Range), to move between $0.194 and $0.220, which gives a possible trading interval of +/-$0.0130 (+/-6.32%) up or down from last closing price. If Lithium South Development Corporation takes out the full calculated possible swing range there will be an estimated 12.63% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $0.210, some $0.0034 (1.65%) from the current price of $0.207, our system finds the risk reward not very attractive.
Is Lithium South Development Corporation stock A Buy?
Lithium South Development Corporation 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -3.910 Sell Candidate Downgraded
Predicted Opening Price for Lithium South Development Corporation of Monday, June 24, 2024
| Fair opening price June 24, 2024 | Current price |
|---|---|
| $0.207 ( 0%) | $0.207 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LISMF
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.207 | - |
| R2 | 0.207 | - |
| R1 | 0.207 | - |
| Price | 0.207 | |
| S1 | 0.207 | - |
| S2 | 0.207 | - |
| S3 | 0.207 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.237 | 14.73% |
| R2 | 0.230 | 11.33% |
| R1 | 0.210 | 1.65% |
| Price | 0.207 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
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