Lotus Technology Inc. Warrants Stock Forecast
Volatile ride for Lotus Technology Inc. Warrants stock price on Friday moving between $0.370 and $0.430
(Updated on Jun 28, 2024)
The Lotus Technology Inc. Warrants stock price fell by -12.75% on the last day (Friday, 28th Jun 2024) from $0.430 to $0.375. During the last trading day the stock fluctuated 16.22% from a day low at $0.370 to a day high of $0.430. The price has fallen in 5 of the last 10 days and is down by -3.85% for this period. Volume has increased on the last day by 2 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 3 thousand shares were bought and sold for approximately $1.20 thousand.
The stock is at the lower part of a very wide and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $0.350 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Lotus Technology Inc. Warrants stock with a 90% probability to be traded between $0.349 and $1.43 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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LOTWW Signals & Forecast
There are few to no technical positive signals at the moment. The Lotus Technology Inc. Warrants 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 $0.402 and $0.509. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, May 29, 2024, and so far it has fallen -73.78%. 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). Lotus Technology Inc. Warrants 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 Lotus Technology Inc. Warrants stock
Lotus Technology Inc. Warrants finds support from accumulated volume at $0.373 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.0600 between high and low, or 16.22%. For the last week, the stock has had daily average volatility of 14.66%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (LOTWW) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Lotus Technology Inc. Warrants to open at $0.392, and during the day (based on 14 day Average True Range), to move between $0.287 and $0.463, which gives a possible trading interval of +/-$0.0883 (+/-23.55%) up or down from last closing price. If Lotus Technology Inc. Warrants takes out the full calculated possible swing range there will be an estimated 47.11% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.373 (0.67%) than the resistance at $0.408 (8.67%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Lotus Technology Inc. Warrants stock A Buy?
Lotus Technology Inc. Warrants holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Sell candidate.
Current score: -7.637 Strong Sell Candidate Downgraded
Predicted Opening Price for Lotus Technology Inc. Warrants of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $0.392 ( 4.44%) | $0.375 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LOTWW
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.452 | 20.44% |
| R2 | 0.429 | 14.33% |
| R1 | 0.415 | 10.56% |
| Price | 0.375 | |
| S1 | 0.369 | -1.67% |
| S2 | 0.355 | -5.44% |
| S3 | 0.332 | -11.56% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.420 | 12.03% |
| R2 | 0.420 | 12.00% |
| R1 | 0.408 | 8.67% |
| Price | 0.375 | |
| S1 | 0.373 | -0.667% |
| S2 | 0.370 | -1.33% |
| S3 | 0.351 | -6.53% |
FAQ
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