One World Lithium Inc. Stock Forecast
One World Lithium Inc. stock price up more than 25.00% on Friday
(Updated on Jun 28, 2024)
The One World Lithium Inc. stock price gained 25.00% on the last trading day (Friday, 28th Jun 2024), rising from $0.0200 to $0.0250. During the last trading day the stock fluctuated 0% from a day low at $0.0250 to a day high of $0.0250. The price has been going up and down for this period, and there has been a 25% 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, 11 thousand more shares were traded than the day before. In total, 11 thousand shares were bought and sold for approximately $268.75 .
The stock lies in the middle of a very wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 6.55% during the next 3 months and, with a 90% probability hold a price between $0.0173 and $0.0328 at the end of this 3-month period.
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OWLI.CN Signals & Forecast
The One World Lithium Inc. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $0.0207 and $0.0230. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). One World Lithium 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. A sell signal was issued from a pivot top point on Tuesday, June 18, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for One World Lithium Inc. stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.0200. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $ may give a huge drop in the stock price.
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 5.00%.
Our recommended stop-loss: $0.0241 (-3.66%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 14 days ago.)
Trading Expectations (OWLI.CN) For The Upcoming Trading Day Of Tuesday 2nd
For the upcoming trading day on Tuesday, 2nd we expect One World Lithium Inc. to open at $0.0250, and during the day (based on 14 day Average True Range), to move between $0.0232 and $0.0268, which gives a possible trading interval of +/-$0.0018 (+/-7.36%) up or down from last closing price. If One World Lithium Inc. takes out the full calculated possible swing range there will be an estimated 14.73% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0300 (20.00%) than the support at $0.0200 (20.00%), 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 One World Lithium Inc. stock A Buy?
One World Lithium Inc. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.000 Hold/Accumulate Upgraded
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 One World Lithium Inc. of Tuesday, July 2, 2024
| Fair opening price July 2, 2024 | Current price |
|---|---|
| $0.0250 ( 0.00000000%) | $0.0250 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for OWLI.CN
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0250 | 0.00000000% |
| R2 | 0.0250 | 0.00000000% |
| R1 | 0.0250 | 0.00000000% |
| Price | 0.0250 | |
| S1 | 0.0250 | 0.00000000% |
| S2 | 0.0250 | 0.00000000% |
| S3 | 0.0250 | 0.00000000% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0.0300 | 20.00% |
| Price | 0.0250 | |
| S1 | 0.0200 | -20.00% |
| S2 | 0 | - |
| S3 | 0 | - |
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