Liquidmetal Tech Stock Forecast
Weaker technical forecast for Liquidmetal Tech as stock downgraded to Sell Candidate.
(Updated on May 01, 2024)
The Liquidmetal Tech stock price fell by -2.36% on the last day (Wednesday, 1st May 2024) from $0.0615 to $0.0600. During the last trading day the stock fluctuated 5.00% from a day low at $0.0600 to a day high of $0.0630. The price has fallen in 6 of the last 10 days and is down by -7.69% for this period. Volume has increased on the last day by 24 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, 463 thousand shares were bought and sold for approximately $27.76 thousand.
The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.0574 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 22.86% during the next 3 months and, with a 90% probability hold a price between $0.0705 and $0.0975 at the end of this 3-month period.
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LQMT Signals & Forecast
There are few to no technical positive signals at the moment. The Liquidmetal Tech 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 $0.0629 and $0.0650. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, April 01, 2024, and so far it has fallen -18.92%. 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). Liquidmetal Tech 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.
A buy signal from a double bottom formation was found on Tuesday, March 19, 2024 and based on theory for this formation the price should go up by 2.69% to $0.0616 within 14 trading days since signal was issued (Thursday, May 02, 2024).
Support, Risk & Stop-loss for Liquidmetal Tech stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.0520 and $0.0510. 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, Liquidmetal Tech finds support just below today's level at $0.0520. If this is broken, then the next support from accumulated volume will be at $0.0510 and $0.0501.
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 $0.0030 between high and low, or 5.00%. For the last week, the stock has had daily average volatility of 7.91%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (LQMT) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect Liquidmetal Tech to open at $0.0610, and during the day (based on 14 day Average True Range), to move between $0.0542 and $0.0658, which gives a possible trading interval of +/-$0.0058 (+/-9.61%) up or down from last closing price. If Liquidmetal Tech takes out the full calculated possible swing range there will be an estimated 19.22% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0640 (6.67%) than the support at $0.0520 (13.33%), 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 Liquidmetal Tech stock A Buy?
The Liquidmetal Tech stock holds several negative signals and despite the positive trend, we believe Liquidmetal Tech will perform weakly in the next couple of days or weeks. Therefore, we 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 Hold/Accumulate to a Sell candidate.
Current score: -1.269 Sell Candidate Downgraded
Predicted Opening Price for Liquidmetal Tech of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| $0.0610 ( 1.67%) | $0.0600 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LQMT
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0640 | 6.67 % | |
| R2 | 0.0629 | 4.76 % | ||
| R1 | 0.0621 | 3.58 % | ||
| Current price: | 0.0600 | |||
| Support | S1 | 0.0599 | -0.243 % | |
| S2 | 0.0591 | -1.42 % | ||
| S3 | 0.0580 | -3.33 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0710 | 18.27 % | |
| R2 | 0.0693 | 15.43 % | ||
| R1 | 0.0640 | 6.67 % | ||
| Current price | 0.0600 | |||
| Support | S1 | 0.0520 | -13.33% | |
| S2 | 0.0510 | -15.00% | ||
| S3 | 0.0501 | -16.50% |
FAQ
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