Labor Smart, Inc. Stock Forecast
Volatile ride for Labor Smart, Inc. stock price on Thursday moving between $0.0011 and $0.0030
(Updated on Mar 28, 2024)
The Labor Smart, Inc. stock price gained 42.86% on the last trading day (Thursday, 28th Mar 2024), rising from $0.0021 to $0.0030. During the last trading day the stock fluctuated 172.73% from a day low at $0.0011 to a day high of $0.0030. The price has risen in 5 of the last 10 days and is up by 50% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 14 million more shares were traded than the day before. In total, 16 million shares were bought and sold for approximately $49.48 thousand.
The stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 82.43% during the next 3 months and, with a 90% probability hold a price between $0.0029 and $0.0063 at the end of this 3-month period.
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LTNC Signals & Forecast
Mostly positive signals in the chart today. The Labor Smart, Inc. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $0.0020 and $0.0022. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, March 19, 2024, and so far it has risen 114.29%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Labor Smart, Inc. has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Labor Smart, Inc. stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.0026 and $0.0025. 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, Labor Smart, Inc. finds support just below today's level at $0.0026. If this is broken, then the next support from accumulated volume will be at $0.0025 and $0.0024.
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 $0.0019 between high and low, or 172.73%. For the last week, the stock has had daily average volatility of 136.73%.
Our recommended stop-loss: $0.0029 (-3.90%) (This stock has very high daily movements and this gives very high risk. There is a buy signal from a pivot bottom found 7 days ago.)
Trading Expectations (LTNC) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Labor Smart, Inc. to open at $0.0024, and during the day (based on 14 day Average True Range), to move between $0.0017 and $0.0043, which gives a possible trading interval of +/-$0.0013 (+/-44.12%) up or down from last closing price. If Labor Smart, Inc. takes out the full calculated possible swing range there will be an estimated 88.24% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $0.0026, some $0.0004 (13.33%) from the current price of $0.0030, our system finds the risk reward attractive.
Is Labor Smart, Inc. stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Labor Smart, Inc. stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 4.632 Buy Candidate Upgraded
Predicted Opening Price for Labor Smart, Inc. of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$0.0024 ( 21.11%) | $0.0030 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LTNC
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.0043 | 42.22 % | |
R2 | 0.0035 | 18.03 % | ||
R1 | 0.0031 | 3.08 % | ||
Current price: | 0.0030 | |||
Support | S1 | 0.0016 | -45.30 % | |
S2 | 0.0012 | -60.25 % | ||
S3 | 0.0005 | -84.44 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 0 | . | ||
Current price | 0.0030 | |||
Support | S1 | 0.0026 | -13.33% | |
S2 | 0.0025 | -16.67% | ||
S3 | 0.0024 | -20.00% |
FAQ
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