Frontier Lithium Inc. Stock Forecast

Green day on Friday for Frontier Lithium Inc. stock after gaining 2.46%
(Updated on May 17, 2024)

LITOF Signals & Forecast

Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Frontier Lithium Inc. has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. 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. The Frontier Lithium Inc. stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $0.629. On a fall, the stock will find some support from the short-term average at $0.623. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Monday, March 04, 2024, and so far it has fallen -26.03%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for Frontier Lithium Inc. stock

Frontier Lithium Inc. finds support from accumulated volume at $0.600 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 and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.0199 between high and low, or 3.29%. For the last week, the stock has had daily average volatility of 3.15%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (LITOF) For The Upcoming Trading Day Of Monday 20th

For the upcoming trading day on Monday, 20th we expect Frontier Lithium Inc. to open at $0.618, and during the day (based on 14 day Average True Range), to move between $0.595 and $0.655, which gives a possible trading interval of +/-$0.0298 (+/-4.77%) up or down from last closing price. If Frontier Lithium Inc. takes out the full calculated possible swing range there will be an estimated 9.54% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.600 (4.00%) than the resistance at $0.661 (5.76%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Frontier Lithium Inc. stock A Buy?

Frontier Lithium Inc. 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.

Current score: -1.984 Sell Candidate Unchanged

Predicted Opening Price for Frontier Lithium Inc. of Monday, May 20, 2024

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