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 LTUM
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High volatility in Lithium Corp stock price on Thursday which ended trading at $0.0394
(Updated on Mar 28, 2024)

Buy candidate since Mar 28, 2024 PDF

The Lithium Corp stock price gained 3.30% on the last trading day (Thursday, 28th Mar 2024), rising from $0.0382 to $0.0394. During the last trading day the stock fluctuated 11.55% from a day low at $0.0355 to a day high of $0.0396. The price has risen in 6 of the last 10 days and is up by 3.6% 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, 115 thousand more shares were traded than the day before. In total, 202 thousand shares were bought and sold for approximately $7.95 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 -27.50% during the next 3 months and, with a 90% probability hold a price between $0.0197 and $0.0334 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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LTUM Signals & Forecast

Mostly positive signals in the chart today. The Lithium Corp 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 $0.0378 and $0.0393. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, February 13, 2024, and so far it has risen 9.50%. 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). Lithium Corp 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 Lithium Corp stock

On the downside, the stock finds support just below today's level from accumulated volume at $0.0373 and $0.0371. 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, Lithium Corp finds support just below today's level at $0.0373. If this is broken, then the next support from accumulated volume will be at $0.0371 and $0.0369.

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 $0.0041 between high and low, or 11.55%. For the last week, the stock has had daily average volatility of 9.55%.

Our recommended stop-loss: $0.0379 (-3.84%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 31 days ago.)

Trading Expectations (LTUM) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Lithium Corp to open at $0.0382, and during the day (based on 14 day Average True Range), to move between $0.0354 and $0.0434, which gives a possible trading interval of +/-$0.0040 (+/-10.17%) up or down from last closing price. If Lithium Corp takes out the full calculated possible swing range there will be an estimated 20.34% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.0415 (5.19%) than the support at $0.0373 (5.38%), 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 Lithium Corp 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: 3.219 Buy Candidate Upgraded

Predicted Opening Price for Lithium Corp of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$0.0382 ( 3.16%) $0.0394

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

Trading levels for LTUM

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 0.0423 7.24 %
R2 0.0407 3.27 %
R1 0.0397 0.81 %
Current price: 0.0394
Support S1 0.0366 -7.14 %
S2 0.0356 -9.59 %
S3 0.0341 -13.56 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0.0467 18.34 %
R2 0.0455 15.42 %
R1 0.0415 5.19 %
Current price 0.0394
Support S1 0.0373 -5.38%
S2 0.0371 -5.89%
S3 0.0369 -6.39%

FAQ

What is the symbol for Lithium Corp Stock and on which exchange is it traded?
The symbol for Lithium Corp is LTUM and it is traded on the OTCBB (OTC Bulletin Board).

Should I buy or sell Lithium Corp 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 Lithium Corp Stock?
Lithium Corp Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Lithium Corp Stock.

What's the current price of Lithium Corp Stock?
As of the end of day on the 2024-03-28, the price of an Lithium Corp (LTUM) share was $0.0394.

What is the 52-week high and low for Lithium Corp Stock?
The 52-week high for Lithium Corp Stock is $0.150 and the 52-week low is $0.0348.

What is the market capitalization of Lithium Corp Stock?
As of the 2024-03-28, the market capitalization of Lithium Corp is 4.639M.

When is the next earnings date for Lithium Corp?
The upcoming earnings date for Lithium Corp is May 15, 2024.
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About Lithium Corp

Lithium Lithium Corporation, an exploration stage mining company, engages in the identification, acquisition, and exploration of metals and minerals in Nevada and British Columbia. It explores for lithium/boron/potassium, graphite, gold, and silver deposits, as well as titanium and rare earth elements. The company owns interests in the Fish Lake Valley property that includes 143 claims covering an area of approximately 11,360 acres located in northern Es... LTUM Profile

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