La Rosa Holdings Corp. Stock Forecast
Red day on Monday for La Rosa Holdings Corp. stock after losing 2.34%
(Updated on May 20, 2024)
The La Rosa Holdings Corp. stock price fell by -2.34% on the last day (Monday, 20th May 2024) from $1.28 to $1.25. During the last trading day the stock fluctuated 5.93% from a day low at $1.18 to a day high of $1.25. The price has fallen in 6 of the last 10 days and is down by -24.7% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -53 thousand shares and in total, 23 thousand shares were bought and sold for approximately $29.08 thousand.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -23.18% during the next 3 months and, with a 90% probability hold a price between $0.523 and $1.62 at the end of this 3-month period.
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LRHC Signals & Forecast
There are few to no technical positive signals at the moment. The La Rosa Holdings Corp. 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 $1.30 and $1.54. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, February 22, 2024, and so far it has fallen -54.38%. 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). Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for La Rosa Holdings Corp. stock
La Rosa Holdings Corp. finds support from accumulated volume at $1.20 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 periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.0700 between high and low, or 5.93%. For the last week the stock has had daily average volatility of 14.36%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (LRHC) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect La Rosa Holdings Corp. to open at $1.23, and during the day (based on 14 day Average True Range), to move between $1.07 and $1.43, which gives a possible trading interval of +/-$0.183 (+/-14.63%) up or down from last closing price. If La Rosa Holdings Corp. takes out the full calculated possible swing range there will be an estimated 29.27% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $1.28 (2.40%) than the support at $1.20 (4.00%), 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 La Rosa Holdings Corp. stock A Buy?
La Rosa Holdings Corp. 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.
Current score: -4.984 Sell Candidate Unchanged
Predicted Opening Price for La Rosa Holdings Corp. of Tuesday, May 21, 2024
| Fair opening price May 21, 2024 | Current price |
|---|---|
| $1.23 ( 1.87%) | $1.25 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LRHC
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.30 | 3.73 % | |
| R2 | 1.27 | 1.59 % | ||
| R1 | 1.25 | 0.273 % | ||
| Current price: | 1.25 | |||
| Support | S1 | 1.20 | -4.01 % | |
| S2 | 1.18 | -5.33 % | ||
| S3 | 1.16 | -7.47 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.55 | 24.00 % | |
| R2 | 1.33 | 6.40 % | ||
| R1 | 1.28 | 2.40 % | ||
| Current price | 1.25 | |||
| Support | S1 | 1.20 | -4.00% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
FAQ
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