Liquidity Services Stock Forecast
Green day on Friday for Liquidity Services stock after gaining 0.83%
(Updated on Apr 19, 2024)
The Liquidity Services stock price gained 0.83% on the last trading day (Friday, 19th Apr 2024), rising from $16.91 to $17.05. During the last trading day the stock fluctuated 2.55% from a day low at $16.83 to a day high of $17.26. The price has fallen in 6 of the last 10 days and is down by -7.19% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 15 thousand more shares were traded than the day before. In total, 118 thousand shares were bought and sold for approximately $2.01 million.
The stock lies in the middle of a 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 6.54% during the next 3 months and, with a 90% probability hold a price between $17.38 and $20.07 at the end of this 3-month period.
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LQDT Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 0.89%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Liquidity Services 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 $17.45 and $17.94. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Liquidity Services stock
On the downside, the stock finds support just below today's level from accumulated volume at $16.04 and $15.46. 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, Liquidity Services finds support just below today's level at $16.04. If this is broken, then the next support from accumulated volume will be at $15.46 and $15.42.
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 $0.430 between high and low, or 2.55%. For the last week, the stock has had daily average volatility of 2.42%.
Liquidity Services is oversold on RSI14 (24). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (LQDT) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect Liquidity Services to open at $17.05, and during the day (based on 14 day Average True Range), to move between $16.65 and $17.45, which gives a possible trading interval of +/-$0.395 (+/-2.32%) up or down from last closing price. If Liquidity Services takes out the full calculated possible swing range there will be an estimated 4.63% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $17.23 (1.06%) than the support at $16.04 (5.92%), 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 Liquidity Services stock A Buy?
The Liquidity Services stock holds several negative signals and despite the positive trend, we believe Liquidity Services will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -1.311 Sell Candidate Unchanged
Predicted Opening Price for Liquidity Services of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| $17.05 ( 0.0196%) | $17.05 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LQDT
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 17.48 | 2.50 % | |
| R2 | 17.31 | 1.54 % | ||
| R1 | 17.21 | 0.94 % | ||
| Current price: | 17.05 | |||
| Support | S1 | 16.88 | -0.98 % | |
| S2 | 16.78 | -1.58 % | ||
| S3 | 16.62 | -2.54 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 17.87 | 4.81 % | |
| R2 | 17.77 | 4.22 % | ||
| R1 | 17.23 | 1.06 % | ||
| Current price | 17.05 | |||
| Support | S1 | 16.04 | -5.92% | |
| S2 | 15.46 | -9.33% | ||
| S3 | 15.42 | -9.56% |
FAQ
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