What is the forecast for LTRX's trend tomorrow?

The forecast for Lantronix (LTRX) shows a **bullish trend** with a **69% continuation probability** for the upcoming day, suggesting that the positive momentum is likely to persist. Here are the key details:

1. **Current Trend**: The stock is in a **bullish phase**, expected to last 20 days. This is supported by the recent bullish price movement, with the stock currently above wide resistance levels.
2. **Trend Forecast**:
- **Probability of Continuation**: There is a **69% probability** that the bullish trend will continue, based on the analysis of closing prices. This strong continuation probability reinforces the idea that LTRX is likely to maintain its upward trajectory.
- **Support and Resistance Levels**: The stock is positioned **above wide resistance levels**, indicating that the recent price movement has been powerful. Support levels are firm at $2.51 to $2.71, providing a solid base for any potential upward movement.
- **Price Forecast**: The forecast for LTRX's price for tomorrow, December 11, 2024, is **$3.42**, with a confidence interval between **$3.26 and $3.53**. This suggests that the stock is expected to remain within this range, reflecting the bullish sentiment.

3. **Market Sentiment**: The overall market sentiment is positive, with analysts and investors showing confidence in LTRX's growth potential. This is evident from the recent news of Lantronix hosting a suite at CES to preview its Edge AI solutions, which is expected to enhance its market position.

In conclusion, the forecast for LTRX's trend tomorrow is strongly bullish, with a high probability of continuation due to the stock's current price momentum, support levels, and positive market sentiment.