Lottery.com Inc. Stock Forecast
On Friday, Lottery.com Inc. stock price gained an impressive 5.98%
(Updated on May 24, 2024)
The Lottery.com Inc. stock price gained 5.98% on the last trading day (Friday, 24th May 2024), rising from $1.72 to $1.83. During the last trading day the stock fluctuated 8.14% from a day low at $1.72 to a day high of $1.86. The price has been going up and down for this period, and there has been a 13.52% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 7 thousand more shares were traded than the day before. In total, 13 thousand shares were bought and sold for approximately $24.59 thousand.
The stockhas broken the wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is $1.82, a level that may pose a second chance to hit a runner. According to fan-theory $2.18 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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LTRY Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Lottery.com 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Lottery.com Inc. 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 $1.87. On a fall, the stock will find some support from the short-term average at $1.81. 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 Monday, May 20, 2024, and so far it has fallen -2.79%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Lottery.com Inc. stock
Lottery.com Inc. finds support from accumulated volume at $1.78 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.140 between high and low, or 8.14%. For the last week, the stock has had daily average volatility of 6.35%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (LTRY) For The Upcoming Trading Day Of Tuesday 28th
For the upcoming trading day on Tuesday, 28th we expect Lottery.com Inc. to open at $1.80, and during the day (based on 14 day Average True Range), to move between $1.67 and $1.98, which gives a possible trading interval of +/-$0.156 (+/-8.53%) up or down from last closing price. If Lottery.com Inc. takes out the full calculated possible swing range there will be an estimated 17.05% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $1.78 (2.60%) than the resistance at $1.88 (2.87%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Lottery.com Inc. stock A Buy?
Lottery.com Inc. 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: -1.440 Sell Candidate Unchanged
Predicted Opening Price for Lottery.com Inc. of Tuesday, May 28, 2024
| Fair opening price May 28, 2024 | Current price |
|---|---|
| $1.80 ( 1.37%) | $1.83 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LTRY
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.94 | 6.29 % | |
| R2 | 1.89 | 3.36 % | ||
| R1 | 1.86 | 1.55 % | ||
| Current price: | 1.83 | |||
| Support | S1 | 1.75 | -4.30 % | |
| S2 | 1.72 | -6.11 % | ||
| S3 | 1.66 | -9.03 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.16 | 18.19 % | |
| R2 | 2.10 | 14.90 % | ||
| R1 | 1.88 | 2.87 % | ||
| Current price | 1.83 | |||
| Support | S1 | 1.78 | -2.60% | |
| S2 | 1.76 | -3.70% | ||
| S3 | 1.71 | -6.43% |
FAQ
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