Lomiko Metals Inc. Stock Forecast
Volatile ride for Lomiko Metals Inc. stock price on Tuesday moving between $0.0300 and $0.0350
(Updated on Jun 25, 2024)
No changes to the price of Lomiko Metals Inc. stock on the last trading day (Tuesday, 25th Jun 2024). During the last trading day the stock fluctuated 16.67% from a day low at $0.0300 to a day high of $0.0350. The price has been going up and down for this period, and there has been a -22.22% loss for the last 2 weeks.
The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.0318 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 85.26% during the next 3 months and, with a 90% probability hold a price between $0.0589 and $0.152 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.
LMR.V Signals & Forecast
There are few to no technical positive signals at the moment. The Lomiko Metals Inc. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $0.0386 and $0.0370. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, May 28, 2024, and so far it has fallen -50.00%. 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.
Support, Risk & Stop-loss for Lomiko Metals Inc. stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.0300. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $ may give a huge drop in the stock price.
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 $0.0050 between high and low, or 16.67%. For the last week the stock has had daily average volatility of 11.90%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (LMR.V) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Lomiko Metals Inc. to open at $0.0333, and during the day (based on 14 day Average True Range), to move between $0.0286 and $0.0414, which gives a possible trading interval of +/-$0.0064 (+/-18.16%) up or down from last closing price. If Lomiko Metals Inc. takes out the full calculated possible swing range there will be an estimated 36.33% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0400 (14.29%) than the support at $0.0300 (14.29%), 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 Lomiko Metals Inc. stock A Buy?
The Lomiko Metals Inc. stock holds several negative signals and despite the positive trend, we believe Lomiko Metals Inc. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -4.394 Sell Candidate Upgraded
Predicted Opening Price for Lomiko Metals Inc. of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $0.0333 ( 4.76%) | $0.0350 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LMR.V
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0383 | 9.52% |
| R2 | 0.0364 | 4.07% |
| R1 | 0.0352 | 0.695% |
| Price | 0.0350 | |
| S1 | 0.0314 | -10.22% |
| S2 | 0.0302 | -13.59% |
| S3 | 0.0283 | -19.05% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0.0400 | 14.29% |
| Price | 0.0350 | |
| S1 | 0.0300 | -14.29% |
| S2 | 0 | - |
| S3 | 0 | - |
FAQ
Click here for our free guide on how to buy Lomiko Metals Inc. Stock.
