Lepidico Limited Stock Forecast
Volatile ride for Lepidico Limited stock price on Friday moving between $0.0030 and $0.0040
(Updated on May 31, 2024)
The Lepidico Limited stock price gained 33.33% on the last trading day (Friday, 31st May 2024), rising from $0.0030 to $0.0040. During the last trading day the stock fluctuated 33.33% from a day low at $0.0030 to a day high of $0.0040. The price has been going up and down for this period, and there has been a 33.33% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 3 million more shares were traded than the day before. In total, 8 million shares were bought and sold for approximately $31.07 thousand.
The stockhas broken the very wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is $0.0039, a level that may pose a second chance to hit a runner. According to fan-theory $0.0075 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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LPD.AX Signals & Forecast
The Lepidico Limited 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 $0.0033 and $0.0031. 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). Lepidico Limited has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. 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, May 29, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Lepidico Limited 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 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 $0.0010 between high and low, or 33.33%. For the last week, the stock has had daily average volatility of 26.67%.
Our recommended stop-loss: $0.0038 (-3.86%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 8 days ago.)
Trading Expectations (LPD.AX) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect Lepidico Limited to open at $0.0037, and during the day (based on 14 day Average True Range), to move between $0.0033 and $0.0047, which gives a possible trading interval of +/-$0.0007 (+/-18.09%) up or down from last closing price. If Lepidico Limited takes out the full calculated possible swing range there will be an estimated 36.18% move between the lowest and the highest trading price during the day.
Is Lepidico Limited stock A Buy?
Several short-term signals are positive and the break-up from the falling trend indicates a possible shift for a trend. We believe that the prices around the breaking point will indicate particularly good levels, but we also believe that the current level will hold a possible good buy level for the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 1.375 Buy Candidate Upgraded
Predicted Opening Price for Lepidico Limited of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| $0.0037 ( 8.33%) | $0.0040 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LPD.AX
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0047 | 16.67 % | |
| R2 | 0.0043 | 7.12 % | ||
| R1 | 0.0040 | 1.22 % | ||
| Current price: | 0.0040 | |||
| Support | S1 | 0.0033 | -17.88 % | |
| S2 | 0.0030 | -23.78 % | ||
| S3 | 0.0027 | -33.33 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 0.0040 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
FAQ
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