LOMIKO METALS INC Stock Forecast
Red day on Wednesday for LOMIKO METALS INC stock after losing 0%
(Updated on May 01, 2024)
No changes to the price of LOMIKO METALS INC stock on the last trading day (Wednesday, 1st May 2024). During the last trading day the stock fluctuated 0% from a day low at $0.0130 to a day high of $0.0130. The price has risen in 4 of the last 10 days and is up by 18.18% over the past 2 weeks.
The stock lies the upper part of a very wide and falling 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 $0.0139 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -4.58% during the next 3 months and, with a 90% probability hold a price between $0.0079 and $0.0132 at the end of this 3-month period.
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LMRMF Signals & Forecast
The LOMIKO METALS 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 $0.0129 and $0.0117. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Tuesday, April 30, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. 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 buy signal from a double bottom formation was found on Monday, March 11, 2024 with a target of $0.0112. Despite whether the objective of the signal formation has been reached the stock may continue to perform well.
Support, Risk & Stop-loss for LOMIKO METALS INC stock
LOMIKO METALS INC finds support from accumulated volume at $0.0127 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock 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 2.82%
Our recommended stop-loss: $0.0125 (-3.86%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (LMRMF) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect LOMIKO METALS INC to open at $0.0130, and during the day (based on 14 day Average True Range), to move between $0.0116 and $0.0144, which gives a possible trading interval of +/-$0.0014 (+/-10.44%) up or down from last closing price. If LOMIKO METALS INC takes out the full calculated possible swing range there will be an estimated 20.87% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0132 (1.54%) than the support at $0.0127 (2.69%), 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?
LOMIKO METALS INC holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.371 Hold/Accumulate Unchanged
Predicted Opening Price for LOMIKO METALS INC of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| $0.0130 ( 0%) | $0.0130 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LMRMF
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0130 | . | |
| R2 | 0.0130 | . | ||
| R1 | 0.0130 | . | ||
| Current price: | 0.0130 | |||
| Support | S1 | 0.0130 | . | |
| S2 | 0.0130 | . | ||
| S3 | 0.0130 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0141 | 8.62 % | |
| R2 | 0.0138 | 6.15 % | ||
| R1 | 0.0132 | 1.54 % | ||
| Current price | 0.0130 | |||
| Support | S1 | 0.0127 | -2.69% | |
| S2 | 0.0124 | -4.85% | ||
| S3 | 0.0108 | -16.92% |
FAQ
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