Lantronix Stock Forecast
Red day on Tuesday for Lantronix
(Updated on Jul 02, 2024)
The Lantronix stock price fell by -0.277% on the last day (Tuesday, 2nd Jul 2024) from $3.61 to $3.60. During the last trading day the stock fluctuated 2.25% from a day low at $3.55 to a day high of $3.63. The price has fallen in 6 of the last 10 days and is down by -4.26% 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 -119 thousand shares and in total, 172 thousand shares were bought and sold for approximately $618.18 thousand.
The stock lies in the lower part of a 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 $3.50 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 13.49% during the next 3 months and, with a 90% probability hold a price between $3.97 and $4.95 at the end of this 3-month period.
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LTRX Signals & Forecast
There are mixed signals in the stock today. The Lantronix stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $3.75. On a fall, the stock will find some support from the short-term average at $3.58. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Thursday, May 16, 2024, and so far it has fallen -12.20%. 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.
Support, Risk & Stop-loss for Lantronix stock
On the downside, the stock finds support just below today's level from accumulated volume at $3.37 and $3.17. 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, Lantronix finds support just below today's level at $3.37. If this is broken, then the next support from accumulated volume will be at $3.17 and $3.15.
This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.0800 between high and low, or 2.25%. For the last week the stock has had daily average volatility of 3.81%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (LTRX) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Lantronix to open at $3.59, and during the day (based on 14 day Average True Range), to move between $3.45 and $3.75, which gives a possible trading interval of +/-$0.154 (+/-4.28%) up or down from last closing price. If Lantronix takes out the full calculated possible swing range there will be an estimated 8.55% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $3.74 (3.89%) than the support at $3.37 (6.39%), 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 Lantronix stock A Buy?
Lantronix holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -4.622 Sell Candidate Unchanged
Predicted Opening Price for Lantronix of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $3.59 ( 0.185%) | $3.60 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LTRX
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 3.67 | 2.04% |
| R2 | 3.64 | 1.19% |
| R1 | 3.62 | 0.664% |
| Price | 3.60 | |
| S1 | 3.56 | -1.03% |
| S2 | 3.54 | -1.56% |
| S3 | 3.51 | -2.41% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 3.77 | 4.72% |
| R2 | 3.76 | 4.44% |
| R1 | 3.74 | 3.89% |
| Price | 3.60 | |
| S1 | 3.37 | -6.39% |
| S2 | 3.17 | -11.94% |
| S3 | 3.15 | -12.50% |
FAQ
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