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 LTBR
Powered by GPT-4
Upgraded!
Stock Analysis
Risk Assessment
Trading Strategy

Strong day for Lightbridge Corporation stock price on Wednesday rising 6.36% to $3.01
(Updated on Mar 27, 2024)

Buy candidate since Mar 27, 2024 PDF

The Lightbridge Corporation stock price gained 6.36% on the last trading day (Wednesday, 27th Mar 2024), rising from $2.83 to $3.01. During the last trading day the stock fluctuated 5.84% from a day low at $2.91 to a day high of $3.08. The price has fallen in 6 of the last 10 days but is still up by 7.12% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 71 thousand more shares were traded than the day before. In total, 111 thousand shares were bought and sold for approximately $333.78 thousand.

The stock lies the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $3.14 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -14.88% during the next 3 months and, with a 90% probability hold a price between $2.11 and $2.67 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.

Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.

LTBR Signals & Forecast

The Lightbridge Corporation stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $2.94 and $2.91. 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). Lightbridge Corporation 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. Higher liquidity also reduces the general risk. 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 Monday, March 18, 2024, and so far it has fallen -5.94%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for Lightbridge Corporation stock

Lightbridge Corporation finds support from accumulated volume at $2.96 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 $0.170 between high and low, or 5.84%. For the last week, the stock has had daily average volatility of 6.40%.

Our recommended stop-loss: $2.85 (-5.42%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 7 days ago.)

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

For the upcoming trading day on Thursday, 28th we expect Lightbridge Corporation to open at $3.00, and during the day (based on 14 day Average True Range), to move between $2.82 and $3.20, which gives a possible trading interval of +/-$0.186 (+/-6.19%) up or down from last closing price. If Lightbridge Corporation takes out the full calculated possible swing range there will be an estimated 12.37% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $3.02 (0.33%) than the support at $2.96 (1.66%), 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 Lightbridge Corporation stock A Buy?

Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.

Current score: 1.514 Buy Candidate Upgraded

Predicted Opening Price for Lightbridge Corporation of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$3.00 ( 0.332%) $3.01

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

Trading levels for LTBR

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 3.17 5.32 %
R2 3.11 3.16 %
R1 3.06 1.83 %
Current price: 3.01
Support S1 2.94 -2.49 %
S2 2.89 -3.82 %
S3 2.83 -5.98 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 3.57 18.60 %
R2 3.20 6.31 %
R1 3.02 0.332 %
Current price 3.01
Support S1 2.96 -1.66%
S2 2.86 -4.98%
S3 2.62 -12.96%

FAQ

What is the symbol for Lightbridge Corporation Stock and on which exchange is it traded?
The symbol for Lightbridge Corporation is LTBR and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Lightbridge Corporation Stock?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.

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

What's the current price of Lightbridge Corporation Stock?
As of the end of day on the 2024-03-27, the price of an Lightbridge Corporation (LTBR) share was $3.01.

What is the 52-week high and low for Lightbridge Corporation Stock?
The 52-week high for Lightbridge Corporation Stock is $6.70 and the 52-week low is $2.50.

What is the market capitalization of Lightbridge Corporation Stock?
As of the 2024-03-27, the market capitalization of Lightbridge Corporation is 39.454M.

When is the next earnings date for Lightbridge Corporation?
The upcoming earnings date for Lightbridge Corporation is May 08, 2024.
Click to get the best stock tips daily for free!

About Lightbridge Corporation

Lightbridge Lightbridge Corporation, together with its subsidiaries, engages in the design and development of nuclear fuel technology under the Lightbridge Fuel name. It focuses on developing and commercializing metallic nuclear fuels that could enhance resistance of nuclear fuel in existing and new nuclear reactors with a meaningful impact on addressing climate change and air pollution. The company was formerly known as Thorium Power, Ltd. and changed its n... LTBR Profile

Top Fintech Company

StockInvest.us featured in The Global Fintech Index 2020 as the top Fintech company of the country.

Full report by FINDEXABLE

ROCKIT