Ludwig Enterprises, Inc. Stock Forecast

Red day on Friday for Ludwig Enterprises, Inc. stock after losing 0%
(Updated on May 03, 2024)

LUDG Signals & Forecast

A buy signal was issued from a pivot bottom point on Thursday, May 02, 2024, and so far it has fallen 0%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Ludwig Enterprises, 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 $0.283. On a fall, the stock will find some support from the short-term average at $0.255. 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. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.

Buy

Special Signal Notification

Double Bottom Formation

A buy signal from a double bottom formation was found on Thursday, April 18, 2024 and based on theory for this formation the price should go up by 19.75% to $0.323 within 6 trading days since signal was issued (Monday, May 06, 2024).

Support, Risk & Stop-loss for Ludwig Enterprises, Inc. stock

On the downside, the stock finds support just below today's level from accumulated volume at $0.250 and $0.230. 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, Ludwig Enterprises, Inc. finds support just below today's level at $0.250. If this is broken, then the next support from accumulated volume will be at $0.230 and $0.210.

In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock 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 3.48%

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

Trading Expectations (LUDG) For The Upcoming Trading Day Of Monday 6th

For the upcoming trading day on Monday, 6th we expect Ludwig Enterprises, Inc. to open at $0.270, and during the day (based on 14 day Average True Range), to move between $0.222 and $0.318, which gives a possible trading interval of +/-$0.0485 (+/-17.95%) up or down from last closing price. If Ludwig Enterprises, Inc. takes out the full calculated possible swing range there will be an estimated 35.90% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.280 (3.70%) than the support at $0.250 (7.41%), 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 Ludwig Enterprises, Inc. stock A Buy?

Ludwig Enterprises, 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: -1.638 Sell Candidate Unchanged

Predicted Opening Price for Ludwig Enterprises, Inc. of Monday, May 6, 2024

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