LEV stock price today is 19.06 USD with a volume of 795,456. At the same time, its chart fluctuates between 18.76 USD – 19.17 USD. LEV stock price was a maximum of 35.25 USD and a minimum of 9.60 USD within 52 weeks. Its average volume is 1,458,760 and it is ranked 3.581B in the MarketCap listings. The target point of LEV stock price at the end of 1 year is not clear yet.
LEV stock price rose 1.01% from $18.87 to $19.06 on the last trading day. During the day, the stock fluctuated 2.19% from a minimum of $18.76 to a maximum of $19.17. The price has risen in 6 of the last 10 days and has increased by a total of 10.49% in the last 2 weeks.
On the last trading day, the volume increased along with the price, and it is technically positive that the volume and price move in parallel. In addition, a total of 52 thousand more shares were traded compared to the previous day. In total, 796 thousand stocks were traded for approximately $15.17 million.
LEV stock is in a very broad and strong uptrend in short-term environments, and there are even more bullish signals in the trend. With its current position, it is estimated that LEV stock will increase by 24.58% in the next 3 months and will have a price value between 21.38 and 27.19 dollars at the end of this 3 months period.
Lion Electric Company
Canada-based Lion Electric Company is an innovative manufacturer of commercial vehicles and zero-emission vehicles. Lion, which is currently the smallest manufacturer in its market, is the first to manufacture yellow school buses specializing in battery electric powertrains.
Lion Electric Company sees itself as a leading OEM for transportation electrification in North America. The company designs, manufactures and assembles all components of its vehicles and additionally supplies the chassis, battery packs, cabin and powertrain.
Lion Bus (Autobus Lion), based in Saint-Jérôme, Quebec, was founded in 2011. The company took its success to the next level by being listed on both the Toronto Stock Exchange and the New York Stock Exchange in May 2021.
Lion tools which is always prioritizing innovation, work to provide unique features tailored to its users and their daily needs. The company believes that the proliferation of electric vehicles will lead to major improvements in society, the environment and overall quality of life.
LEV Stock Comment
LEV stock has a short-term sell signal, but it also has a long-term buy signal. The stock has a positive overall buy signal as short-term trades overtake long-term trades. LEV stock could meet the resistance of short-term trades at around $19.42 with more gains. During the decline, the stock could find some support at around $17.68 in long-term trading.
Breakdown of short-term trades sends a buy signal and breakout of long-term trades sends a sell signal. A buy signal was issued from the pivot low on June 01, 2021,. On top of that, an increase of 1.01% has been observed so far. Further increases could be observed until a new upper pivot is announced.
It also has a buy signal at the 3-month Moving Average Convergence Divergence. The volume increases in parallel with the price. This is a positive signal in technical analysis.
How Should We Act?
On the downside, the stock finds support below where it is today in accumulated volume of $17.76 and $17.31. When a stock tests a support level, there is inherently a risk situation because if this support is broken, the stock could slide down to the next support level. In the current position, LEV stock finds support at $17.76 just below today. If this support is broken, the next support from the accumulated volume is expected at $17.31 and $15.78.
In general, the stock moves in a controlled manner. With good liquidity, the risk in this stock is seen as very low. Over the past day, the stock has fluctuated between the max and min at $0.41 and 2.19%. Last week, the stock had an average of 5.18% volatility.