Liberty All-Star Growth Fund Inc Stock Forecast
Weaker technical forecast for Liberty All-Star Growth Fund Inc as stock downgraded to Sell Candidate.
(Updated on Apr 26, 2024)
The Liberty All-Star Growth Fund Inc stock price gained 1.18% on the last trading day (Friday, 26th Apr 2024), rising from $5.09 to $5.15. During the last trading day the stock fluctuated 1.18% from a day low at $5.10 to a day high of $5.16. The price has fallen in 7 of the last 10 days and is down by -3.01% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 74 thousand more shares were traded than the day before. In total, 223 thousand shares were bought and sold for approximately $1.15 million.
The stock lies in the middle of a 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 -2.44% during the next 3 months and, with a 90% probability hold a price between $4.87 and $5.31 at the end of this 3-month period.
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ASG Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 3.00%. Further rise is indicated until a new top pivot has been found. Liberty All-Star Growth Fund Inc 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. The Liberty All-Star Growth Fund Inc stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $5.34. On a fall, the stock will find some support from the short-term average at $5.09. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Liberty All-Star Growth Fund Inc stock
Liberty All-Star Growth Fund Inc finds support from accumulated volume at $5.07 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 $0.0600 between high and low, or 1.18%. For the last week, the stock has had daily average volatility of 1.29%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ASG) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Liberty All-Star Growth Fund Inc to open at $5.14, and during the day (based on 14 day Average True Range), to move between $5.07 and $5.23, which gives a possible trading interval of +/-$0.0821 (+/-1.59%) up or down from last closing price. If Liberty All-Star Growth Fund Inc takes out the full calculated possible swing range there will be an estimated 3.19% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $5.07 (1.55%) than the resistance at $5.41 (5.05%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Liberty All-Star Growth Fund Inc stock A Buy?
Liberty All-Star Growth Fund Inc holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.399 Sell Candidate Downgraded
Predicted Opening Price for Liberty All-Star Growth Fund Inc of Monday, April 29, 2024
Fair opening price April 29, 2024 | Current price |
---|---|
$5.14 ( 0.259%) | $5.15 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ASG
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 5.20 | 0.91 % | |
R2 | 5.17 | 0.461 % | ||
R1 | 5.16 | 0.186 % | ||
Current price: | 5.15 | |||
Support | S1 | 5.11 | -0.704 % | |
S2 | 5.10 | -0.98 % | ||
S3 | 5.08 | -1.42 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 5.44 | 5.63 % | |
R2 | 5.42 | 5.24 % | ||
R1 | 5.41 | 5.05 % | ||
Current price | 5.15 | |||
Support | S1 | 5.07 | -1.55% | |
S2 | 5.03 | -2.33% | ||
S3 | 5.00 | -2.91% |
ASG Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Apr 18, 2024 | Apr 18, 2024 | Jun 03, 2024 | $0.120 | 2.33% |
2 | Jan 08, 2024 | Jan 18, 2024 | Mar 04, 2024 | $0.110 | 2.03% |
3 | Nov 06, 2023 | Nov 16, 2023 | Jan 02, 2024 | $0.100 | 1.92% |
4 | Jul 10, 2023 | Jul 20, 2023 | Sep 05, 2023 | $0.110 | 2.10% |
5 | Apr 10, 2023 | Apr 20, 2023 | Jun 05, 2023 | $0.110 | 2.10% |
FAQ
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