LARAMIDE RES LTD Stock Forecast
LARAMIDE RES LTD stock price ended at $0.498 on Friday, after gaining 0.620%.
(Updated on Apr 19, 2024)
The LARAMIDE RES LTD stock price gained 0.620% on the last trading day (Friday, 19th Apr 2024), rising from $0.494 to $0.498. During the last trading day the stock fluctuated 4.38% from a day low at $0.484 to a day high of $0.505. The price has fallen in 5 of the last 10 days and is down by -9.55% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 4 thousand more shares were traded than the day before. In total, 13 thousand shares were bought and sold for approximately $6.25 thousand.
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 -20.15% during the next 3 months and, with a 90% probability hold a price between $0.352 and $0.447 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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LMRXF Signals & Forecast
There are mixed signals in the stock today. The LARAMIDE RES 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 $0.523 and $0.550. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 0.620%. 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). LARAMIDE RES LTD 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.
Support, Risk & Stop-loss for LARAMIDE RES LTD stock
LARAMIDE RES LTD finds support from accumulated volume at $0.494 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.0212 between high and low, or 4.38%. For the last week, the stock has had daily average volatility of 3.60%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (LMRXF) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect LARAMIDE RES LTD to open at $0.496, and during the day (based on 14 day Average True Range), to move between $0.472 and $0.523, which gives a possible trading interval of +/-$0.0259 (+/-5.21%) up or down from last closing price. If LARAMIDE RES LTD takes out the full calculated possible swing range there will be an estimated 10.41% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.494 (0.62%) than the resistance at $0.550 (10.55%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is LARAMIDE RES LTD stock A Buy?
LARAMIDE RES LTD 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: -2.354 Sell Candidate Unchanged
Predicted Opening Price for LARAMIDE RES LTD of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| $0.496 ( 0.389%) | $0.498 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LMRXF
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.517 | 3.87 % | |
| R2 | 0.509 | 2.24 % | ||
| R1 | 0.504 | 1.24 % | ||
| Current price: | 0.498 | |||
| Support | S1 | 0.487 | -2.02 % | |
| S2 | 0.482 | -3.02 % | ||
| S3 | 0.474 | -4.65 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.613 | 23.14 % | |
| R2 | 0.573 | 15.22 % | ||
| R1 | 0.550 | 10.55 % | ||
| Current price | 0.498 | |||
| Support | S1 | 0.494 | -0.616% | |
| S2 | 0.475 | -4.48% | ||
| S3 | 0 | . |
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