Liquidity Services Stock Forecast

Liquidity Services stock price down 0.520% on Thursday
(Updated on Apr 25, 2024)

LQDT Signals & Forecast

There are few to no technical positive signals at the moment. The Liquidity Services stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $17.89. On a fall, the stock will find some support from the short-term average at $17.17. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Tuesday, April 09, 2024, and so far it has fallen -7.81%. 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). Liquidity Services 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".

Support, Risk & Stop-loss for Liquidity Services stock

On the downside, the stock finds support just below today's level from accumulated volume at $16.04 and $15.46. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Liquidity Services finds support just below today's level at $16.04. If this is broken, then the next support from accumulated volume will be at $15.46 and $15.42.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.220 between high and low, or 1.29%. For the last week, the stock has had daily average volatility of 1.90%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (LQDT) For The Upcoming Trading Day Of Friday 26th

For the upcoming trading day on Friday, 26th we expect Liquidity Services to open at $17.21, and during the day (based on 14 day Average True Range), to move between $16.86 and $17.60, which gives a possible trading interval of +/-$0.374 (+/-2.17%) up or down from last closing price. If Liquidity Services takes out the full calculated possible swing range there will be an estimated 4.34% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $17.67 (2.55%) than the support at $16.04 (6.91%), 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 Liquidity Services stock A Buy?

The Liquidity Services stock holds several negative signals and despite the positive trend, we believe Liquidity Services will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -3.437 Sell Candidate Unchanged

Predicted Opening Price for Liquidity Services of Friday, April 26, 2024

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