Lobe Sciences Ltd. Stock Forecast

A very red day for Lobe Sciences Ltd. stock price after a -25.00% fall in the Monday trading session
(Updated on Jun 24, 2024)

LOBEF Signals & Forecast

There are few to no technical positive signals at the moment. The Lobe Sciences Ltd. 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 $0.0143 and $0.0155. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, June 03, 2024, and so far it has fallen -42.01%. 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). Lobe Sciences Ltd. gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Lobe Sciences Ltd. 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 may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "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 0%.

Lobe Sciences Ltd. is oversold on RSI14 (10). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.

Our recommended stop-loss: $0.0106 (-5.80%) (This stock has high daily movements and this gives high risk. Low RSI14 is 10 which reduces the risk some. There is a sell signal from a pivot top found 54 days ago.)

Trading Expectations (LOBEF) For The Upcoming Trading Day Of Tuesday 25th

For the upcoming trading day on Tuesday, 25th we expect Lobe Sciences Ltd. to open at $0.0113, and during the day (based on 14 day Average True Range), to move between $0.0098 and $0.0127, which gives a possible trading interval of +/-$0.0015 (+/-13.27%) up or down from last closing price. If Lobe Sciences Ltd. takes out the full calculated possible swing range there will be an estimated 26.55% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ $0.0120, some $0.0008 (6.67%) from the current price of $0.0113, our system finds the risk reward not very attractive.

Is Lobe Sciences Ltd. stock A Buy?

Lobe Sciences Ltd. holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: 0.000 Hold/Accumulate Unchanged

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for Lobe Sciences Ltd. of Tuesday, June 25, 2024

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