Leviathan Gold Ltd. Stock Forecast
High volatility in Leviathan Gold Ltd. stock price on Friday which ended trading at $0.0880
(Updated on May 17, 2024)
The Leviathan Gold Ltd. stock price fell by -12.18% on the last day (Friday, 17th May 2024) from $0.100 to $0.0880. During the last trading day the stock fluctuated 40.21% from a day low at $0.0863 to a day high of $0.121. The price has fallen in 5 of the last 10 days and is down by -18.14% for this period. Volume has increased on the last day by 6 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 6 thousand shares were bought and sold for approximately $490.51 .
The stock lies in the lower part of a very 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 $0.0811 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 26.93% during the next 3 months and, with a 90% probability hold a price between $0.103 and $0.167 at the end of this 3-month period.
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LVXFF 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 Leviathan Gold Ltd. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $0.0901 and $0.0901. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, April 10, 2024, and so far it has fallen -26.24%. Further fall is indicated until a new bottom pivot has been found. Leviathan Gold Ltd. gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Leviathan Gold Ltd. stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.0800 and $0.0780. 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, Leviathan Gold Ltd. finds support just below today's level at $0.0800. If this is broken, then the next support from accumulated volume will be at $0.0780 and $0.0666.
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 $0.0347 between high and low, or 40.21%. For the last week, the stock has had daily average volatility of 12.94%.
Our recommended stop-loss: $0.0836 (-4.96%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 27 days ago.)
Trading Expectations (LVXFF) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Leviathan Gold Ltd. to open at $0.0984, and during the day (based on 14 day Average True Range), to move between $0.0775 and $0.0985, which gives a possible trading interval of +/-$0.0105 (+/-11.92%) up or down from last closing price. If Leviathan Gold Ltd. takes out the full calculated possible swing range there will be an estimated 23.84% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0882 (0.23%) than the support at $0.0800 (9.09%), 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 Leviathan Gold Ltd. stock A Buy?
Leviathan Gold Ltd. holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Leviathan Gold Ltd. of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| $0.0984 ( 11.86%) | $0.0880 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LVXFF
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.133 | 51.29 % | |
| R2 | 0.120 | 36.22 % | ||
| R1 | 0.112 | 26.92 % | ||
| Current price: | 0.0880 | |||
| Support | S1 | 0.0852 | -3.21 % | |
| S2 | 0.0770 | -12.51 % | ||
| S3 | 0.0637 | -27.58 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.108 | 22.16 % | |
| R2 | 0.0980 | 11.36 % | ||
| R1 | 0.0882 | 0.227 % | ||
| Current price | 0.0880 | |||
| Support | S1 | 0.0800 | -9.09% | |
| S2 | 0.0780 | -11.36% | ||
| S3 | 0.0666 | -24.32% |
FAQ
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