Lamperd Less Lethal, Inc. Stock Forecast
Lamperd Less Lethal, Inc. stock downgraded from Strong Buy Candidate to Buy Candidate after Tuesday trading session.
(Updated on Jul 02, 2024)
No changes to the price of Lamperd Less Lethal, Inc. stock on the last trading day (Tuesday, 2nd Jul 2024). During the last trading day the stock fluctuated 0% from a day low at $0.0034 to a day high of $0.0034. The price has been going up and down for this period, and there has been a 36% gain for the last 2 weeks.
The stock lies in the upper part of a very wide and weak rising 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 $0.0036 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 2.65% during the next 3 months and, with a 90% probability hold a price between $0.0019 and $0.0037 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
LLLI Signals & Forecast
The Lamperd Less Lethal, 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 $0.0029 and $0.0025. A breakdown below any of these levels will issue sell signals. 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 Wednesday, June 05, 2024, and so far it has fallen -2.86%. 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). 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.
A sell signal from a double top formation was found on Wednesday, June 05, 2024 and based on theory for this formation the price should fall by -69.06% to $0.0011 within 25 trading days since signal was issued (Friday, July 12, 2024).
Support, Risk & Stop-loss for Lamperd Less Lethal, Inc. stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.0030 and $0.0029. 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, Lamperd Less Lethal, Inc. finds support just below today's level at $0.0030. If this is broken, then the next support from accumulated volume will be at $0.0029 and $0.0028.
This stock may move very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". 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 18.75%.
Our recommended stop-loss: $0.0033 (-4.38%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 34 days ago.)
Trading Expectations (LLLI) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Lamperd Less Lethal, Inc. to open at $0.0034, and during the day (based on 14 day Average True Range), to move between $0.0031 and $0.0037, which gives a possible trading interval of +/-$0.0003 (+/-10.13%) up or down from last closing price. If Lamperd Less Lethal, Inc. takes out the full calculated possible swing range there will be an estimated 20.26% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0035 (2.94%) than the support at $0.0030 (11.76%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Lamperd Less Lethal, 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 Lamperd Less Lethal, 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: 2.765 Buy Candidate Downgraded
Predicted Opening Price for Lamperd Less Lethal, Inc. of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $0.0034 ( 0%) | $0.0034 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LLLI
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0034 | - |
| R2 | 0.0034 | - |
| R1 | 0.0034 | - |
| Price | 0.0034 | |
| S1 | 0.0034 | - |
| S2 | 0.0034 | - |
| S3 | 0.0034 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0.0035 | 2.94% |
| Price | 0.0034 | |
| S1 | 0.0030 | -11.76% |
| S2 | 0.0029 | -14.71% |
| S3 | 0.0028 | -17.65% |
FAQ
Click here for our free guide on how to buy Lamperd Less Lethal, Inc. Stock.
