Luvu Brands, Inc. Stock Forecast
Luvu Brands, Inc. stock price down 0% on Friday
(Updated on May 03, 2024)
No changes to the price of Luvu Brands, Inc. stock on the last trading day (Friday, 3rd May 2024). During the last trading day the stock fluctuated 0% from a day low at $0.0778 to a day high of $0.0778. The price has fallen in 4 of the last 10 days and is down by -4.61% for this period.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -16.28% during the next 3 months and, with a 90% probability hold a price between $0.0482 and $0.0726 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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LUVU Signals & Forecast
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 Luvu Brands, 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 $0.0794. On a fall, the stock will find some support from the short-term average at $0.0769. 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 02, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. 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.
A sell signal from a double top formation was found on Friday, February 16, 2024 and based on theory for this formation the price should fall by -2.36% to $0.0760 within 2 trading days since signal was issued (Monday, May 06, 2024).
Support, Risk & Stop-loss for Luvu Brands, Inc. stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.0725 and $0.0625. 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, Luvu Brands, Inc. finds support just below today's level at $0.0725. If this is broken, then the next support from accumulated volume will be at $0.0625 and $0.0600.
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 9.60%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (LUVU) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Luvu Brands, Inc. to open at $0.0778, and during the day (based on 14 day Average True Range), to move between $0.0701 and $0.0856, which gives a possible trading interval of +/-$0.0078 (+/-9.98%) up or down from last closing price. If Luvu Brands, Inc. takes out the full calculated possible swing range there will be an estimated 19.95% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0815 (4.70%) than the support at $0.0725 (6.86%), 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.
Earnings coming up
Luvu Brands, Inc. will release earnings -- on Friday, May 10, 2024. We will update the financials statements for Luvu Brands, Inc., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 8.95% in the first trading day after earnings release.
Is Luvu Brands, Inc. stock A Buy?
Luvu Brands, 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: -3.010 Sell Candidate Unchanged
Predicted Opening Price for Luvu Brands, Inc. of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $0.0778 ( 0%) | $0.0778 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LUVU
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0778 | . | |
| R2 | 0.0778 | . | ||
| R1 | 0.0778 | . | ||
| Current price: | 0.0778 | |||
| Support | S1 | 0.0778 | . | |
| S2 | 0.0778 | . | ||
| S3 | 0.0778 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0850 | 9.20 % | |
| R2 | 0.0820 | 5.34 % | ||
| R1 | 0.0815 | 4.70 % | ||
| Current price | 0.0778 | |||
| Support | S1 | 0.0725 | -6.86% | |
| S2 | 0.0625 | -19.71% | ||
| S3 | 0.0600 | -22.92% |
FAQ
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