Locality Planning Energy Holdings Ltd Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Stronger technical forecast for Locality Planning Energy Holdings Ltd stock price after Friday trading.
(Updated on Jun 28, 2024)
The Locality Planning Energy Holdings Ltd stock price gained 4.55% on the last trading day (Friday, 28th Jun 2024), rising from $0.110 to $0.115. During the last trading day the stock fluctuated 4.55% from a day low at $0.110 to a day high of $0.115. The price has risen in 5 of the last 10 days and is up by 16.16% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 378 thousand more shares were traded than the day before. In total, 418 thousand shares were bought and sold for approximately $48.05 thousand.
The stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 76.67% during the next 3 months and, with a 90% probability hold a price between $0.177 and $0.273 at the end of this 3-month period.
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LPE.AX Signals & Forecast
The Locality Planning Energy Holdings Ltd 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 $0.114 and $0.108. A breakdown below any of these levels will issue sell signals. Locality Planning Energy Holdings Ltd 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 Monday, May 27, 2024, and so far it has fallen -11.54%. 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).
Support, Risk & Stop-loss for Locality Planning Energy Holdings Ltd stock
Locality Planning Energy Holdings Ltd finds support from accumulated volume at $0.110 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 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 $0.0050 between high and low, or 4.55%. For the last week, the stock has had daily average volatility of 0.91%.
Our recommended stop-loss: $0.109 (-4.98%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 24 days ago.)
Trading Expectations (LPE.AX) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Locality Planning Energy Holdings Limited to open at $0.113, and during the day (based on 14 day Average True Range), to move between $0.108 and $0.122, which gives a possible trading interval of +/-$0.0067 (+/-5.83%) up or down from last closing price. If Locality Planning Energy Holdings Limited takes out the full calculated possible swing range there will be an estimated 11.65% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.120 (4.35%) than the support at $0.110 (4.35%), 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 Locality Planning Energy Holdings Limited stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Locality Planning Energy Holdings Ltd stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 4.769 Buy Candidate Upgraded
Predicted Opening Price for Locality Planning Energy Holdings Limited of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $0.113 ( 1.45%) | $0.115 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LPE.AX
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.118 | 2.90% |
| R2 | 0.116 | 1.24% |
| R1 | 0.115 | 0.212% |
| Price | 0.115 | |
| S1 | 0.111 | -3.11% |
| S2 | 0.110 | -4.14% |
| S3 | 0.108 | -5.80% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.130 | 13.04% |
| R2 | 0.125 | 8.70% |
| R1 | 0.120 | 4.35% |
| Price | 0.115 | |
| S1 | 0.110 | -4.35% |
| S2 | 0.0990 | -13.91% |
| S3 | 0.0980 | -14.78% |
FAQ
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