RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of LRAXF
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On Wednesday, LARA EXPLORATION stock price gained an impressive 5.79%
(Updated on Mar 27, 2024)

Hold candidate since Mar 25, 2024 Gain 5.79% PDF

The LARA EXPLORATION stock price gained 5.79% on the last trading day (Wednesday, 27th Mar 2024), rising from $0.240 to $0.254. During the last trading day the stock fluctuated 0% from a day low at $0.254 to a day high of $0.254. The price has been going up and down for this period, and there has been a 5.39% 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, 5 thousand more shares were traded than the day before. In total, 5 thousand shares were bought and sold for approximately $1.27 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 -22.56% during the next 3 months and, with a 90% probability hold a price between $0.0714 and $0.353 at the end of this 3-month period.

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LRAXF Signals & Forecast

LARA EXPLORATION 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. The LARA EXPLORATION 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 $0.266 and $0.369. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, January 18, 2024, and so far it has fallen -54.64%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for LARA EXPLORATION stock

LARA EXPLORATION finds support from accumulated volume at $0.245 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very 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 0%.

Our recommended stop-loss: $0.239 (-5.98%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 48 days ago.)

Trading Expectations (LRAXF) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect LARA EXPLORATION to open at $0.254, and during the day (based on 14 day Average True Range), to move between $0.217 and $0.291, which gives a possible trading interval of +/-$0.0367 (+/-14.44%) up or down from last closing price. If LARA EXPLORATION takes out the full calculated possible swing range there will be an estimated 28.87% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $0.245, some $0.0089 (3.50%) from the current price of $0.254, our system finds the risk reward attractive.

Is LARA EXPLORATION stock A Buy?

LARA EXPLORATION 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 LARA EXPLORATION of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$0.254 ( 0%) $0.254

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for LRAXF

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 0.254 .
R2 0.254 .
R1 0.254 .
Current price: 0.254
Support S1 0.254 .
S2 0.254 .
S3 0.254 .

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 0 .
Current price 0.254
Support S1 0.245 -3.50%
S2 0.241 -5.12%
S3 0.225 -11.42%

FAQ

What is the symbol for LARA EXPLORATION Stock and on which exchange is it traded?
The symbol for LARA EXPLORATION is LRAXF and it is traded on the PINK (Pink Sheets).

Should I buy or sell LARA EXPLORATION Stock?
LARA EXPLORATION 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.

How to buy LARA EXPLORATION Stock?
LARA EXPLORATION Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy LARA EXPLORATION Stock.

What's the current price of LARA EXPLORATION Stock?
As of the end of day on the 2024-03-27, the price of an LARA EXPLORATION (LRAXF) share was $0.254.

What is the 52-week high and low for LARA EXPLORATION Stock?
The 52-week high for LARA EXPLORATION Stock is $0.760 and the 52-week low is $0.0504.

What is the market capitalization of LARA EXPLORATION Stock?
As of the 2024-03-27, the market capitalization of LARA EXPLORATION is 11.633M.

When is the next earnings date for LARA EXPLORATION?
The upcoming earnings date for LARA EXPLORATION is May 17, 2024.
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About LARA EXPLORATION

LARA EXPLORATION Lara Exploration Ltd. engages in the acquisition, exploration, and development of mineral properties in South America. The company explores for copper, gold, iron, phosphate, titanium, vanadium, and zinc deposits. Its flagship property is the Planalto copper project, in which the company has an option to acquire 100% interest located in the Carajás Mineral Province of northern Brazil. Lara Exploration Ltd. was incorporated in 2003 and is headqua... LRAXF Profile

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