Latch, Inc. Stock Forecast
Volatile ride for Latch, Inc. stock price on Tuesday moving between $0.540 and $0.600
(Updated on Apr 23, 2024)
The Latch, Inc. stock price fell by -10.00% on the last day (Tuesday, 23rd Apr 2024) from $0.600 to $0.540. During the last trading day the stock fluctuated 11.11% from a day low at $0.540 to a day high of $0.600. The price has fallen in 7 of the last 10 days and is down by -34.94% 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 -14 thousand shares and in total, 9 thousand shares were bought and sold for approximately $4.80 thousand.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.504 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -12.86% during the next 3 months and, with a 90% probability hold a price between $0.439 and $0.750 at the end of this 3-month period.
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LTCH Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 5.86%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Latch, Inc. 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 $0.619 and $0.738. A break-up above any of these levels will issue buy signals. 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 Latch, Inc. stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.510. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $ may give a huge drop in the stock price.
This stock may move very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved $0.0600 between high and low, or 11.11%. For the last week the stock has had daily average volatility of 15.88%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (LTCH) For The Upcoming Trading Day Of Wednesday 24th
For the upcoming trading day on Wednesday, 24th we expect Latch, Inc. to open at $0.560, and during the day (based on 14 day Average True Range), to move between $0.393 and $0.687, which gives a possible trading interval of +/-$0.147 (+/-27.17%) up or down from last closing price. If Latch, Inc. takes out the full calculated possible swing range there will be an estimated 54.33% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.510 (5.54%) than the resistance at $0.590 (9.26%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Latch, Inc. stock A Buy?
Latch, Inc. 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: -5.350 Strong Sell Candidate Unchanged
Predicted Opening Price for Latch, Inc. of Wednesday, April 24, 2024
| Fair opening price April 24, 2024 | Current price |
|---|---|
| $0.560 ( 3.70%) | $0.540 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LTCH
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.620 | 14.81 % | |
| R2 | 0.597 | 10.57 % | ||
| R1 | 0.583 | 7.95 % | ||
| Current price: | 0.540 | |||
| Support | S1 | 0.537 | -0.541 % | |
| S2 | 0.523 | -3.16 % | ||
| S3 | 0.500 | -7.41 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.600 | 11.13 % | |
| R2 | 0.600 | 11.11 % | ||
| R1 | 0.590 | 9.26 % | ||
| Current price | 0.540 | |||
| Support | S1 | 0.510 | -5.54% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
FAQ
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