Latch, Inc. Stock Forecast
A very red day for Latch, Inc. stock price after a -24.98% fall in the Tuesday trading session
(Updated on Jul 02, 2024)
The Latch, Inc. stock price fell by -24.98% on the last day (Tuesday, 2nd Jul 2024) from $0.400 to $0.300. During the last trading day the stock fluctuated 0.0333% from a day low at $0.300 to a day high of $0.300. The price has fallen in 5 of the last 10 days and is down by -24.98% for this period. Volume has increased on the last day by 6 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, 6 thousand shares were bought and sold for approximately $1.78 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 -45.34% during the next 3 months and, with a 90% probability hold a price between $0.130 and $0.266 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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LTCH Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, June 25, 2024, and so far it has risen 11.11%. 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 $0.336 and $0.414. 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). Latch, Inc. 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.
Support, Risk & Stop-loss for Latch, Inc. stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.270. 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 a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.0001 between high and low, or 0.0333%. For the last week, the stock has had daily average volatility of 6.66%.
Our recommended stop-loss: $0.285 (-4.90%) (This stock has very high daily movements and this gives very high risk. There is a buy signal from a pivot bottom found 18 days ago.)
Trading Expectations (LTCH) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Latch, Inc. to open at $0.300, and during the day (based on 14 day Average True Range), to move between $0.236 and $0.364, which gives a possible trading interval of +/-$0.0641 (+/-21.36%) up or down from last closing price. If Latch, Inc. takes out the full calculated possible swing range there will be an estimated 42.71% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.310 (3.30%) than the support at $0.270 (10.00%), 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 Latch, Inc. stock A Buy?
Latch, Inc. holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.000 Hold/Accumulate Upgraded
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Latch, Inc. of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $0.300 ( 0.0111%) | $0.300 |
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 | |
|---|---|---|
| R3 | 0.300 | 0.0222% |
| R2 | 0.300 | 0.0095% |
| R1 | 0.300 | 0.0016% |
| Price | 0.300 | |
| S1 | 0.300 | -0.0238% |
| S2 | 0.300 | -0.0317% |
| S3 | 0.300 | -0.0444% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.350 | 16.63% |
| R2 | 0.320 | 6.66% |
| R1 | 0.310 | 3.30% |
| Price | 0.300 | |
| S1 | 0.270 | -10.00% |
| S2 | 0 | - |
| S3 | 0 | - |
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