Lotus Resources Limited Stock Forecast

Lotus Resources Limited stock downgraded from Hold/Accumulate to Sell Candidate after Friday trading session.
(Updated on Jun 14, 2024)

LTSRF Signals & Forecast

A buy signal was issued from a pivot bottom point on Monday, June 10, 2024, and so far it has risen 3.85%. Further rise is indicated until a new top pivot has been found. Lotus Resources Limited 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 Lotus Resources Limited 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 $0.294. On a fall, the stock will find some support from the short-term average at $0.268. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Lotus Resources Limited stock

Lotus Resources Limited finds support from accumulated volume at $0.260 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0 between high and low, or 0%. For the last week, the stock has had daily average volatility of 0.691%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (LTSRF) For The Upcoming Trading Day Of Monday 17th

For the upcoming trading day on Monday, 17th we expect Lotus Resources Limited to open at $0.270, and during the day (based on 14 day Average True Range), to move between $0.253 and $0.287, which gives a possible trading interval of +/-$0.0167 (+/-6.20%) up or down from last closing price. If Lotus Resources Limited takes out the full calculated possible swing range there will be an estimated 12.39% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.260 (3.70%) than the resistance at $0.282 (4.44%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Lotus Resources Limited stock A Buy?

Lotus Resources Limited 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -1.363 Sell Candidate Downgraded

Predicted Opening Price for Lotus Resources Limited of Monday, June 17, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.