Liberty All-Star Growth Fund Inc Stock Forecast
Stronger technical forecast for Liberty All-Star Growth Fund Inc stock price after Tuesday trading.
(Updated on Jul 02, 2024)
The Liberty All-Star Growth Fund Inc stock price gained 0.564% on the last trading day (Tuesday, 2nd Jul 2024), rising from $5.32 to $5.35. During the last trading day the stock fluctuated 0.659% from a day low at $5.32 to a day high of $5.35. The price has risen in 6 of the last 10 days and is up by 2.29% 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, 46 thousand more shares were traded than the day before. In total, 207 thousand shares were bought and sold for approximately $1.11 million.
The stock is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Liberty All-Star Growth Fund Inc stock with a 90% probability to be traded between $5.01 and $5.46 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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ASG Signals & Forecast
Mostly positive signals in the chart today. The Liberty All-Star Growth Fund Inc 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 $5.31 and $5.26. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 7.00%. 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). 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. The stock had a Golden Star Signal on Friday, June 21, 2024 in the short-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star
The stock had a Golden Star Signal on Friday, June 21, 2024 in the short-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Liberty All-Star Growth Fund Inc stock
Liberty All-Star Growth Fund Inc finds support from accumulated volume at $5.26 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.0350 between high and low, or 0.659%. For the last week the stock has had daily average volatility of 0.89%.
Our recommended stop-loss: $5.16 (-3.60%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 65 days ago.)
Trading Expectations (ASG) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Liberty All-Star Growth Fund Inc to open at $5.34, and during the day (based on 14 day Average True Range), to move between $5.29 and $5.41, which gives a possible trading interval of +/-$0.0553 (+/-1.03%) 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 2.07% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $5.38 (0.56%) than the support at $5.26 (1.68%), 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 Liberty All-Star Growth Fund Inc stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Liberty All-Star Growth Fund Inc stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 4.515 Buy Candidate Upgraded
Predicted Opening Price for Liberty All-Star Growth Fund Inc of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $5.34 ( 0.218%) | $5.35 |
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 | |
|---|---|---|
| R3 | 5.37 | 0.436% |
| R2 | 5.36 | 0.186% |
| R1 | 5.35 | 0.0318% |
| Price | 5.35 | |
| S1 | 5.32 | -0.468% |
| S2 | 5.32 | -0.622% |
| S3 | 5.30 | -0.87% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 5.44 | 1.68% |
| R2 | 5.42 | 1.31% |
| R1 | 5.38 | 0.561% |
| Price | 5.35 | |
| S1 | 5.26 | -1.68% |
| S2 | 5.22 | -2.43% |
| S3 | 5.21 | -2.62% |
ASG Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 18, 2024 | Apr 18, 2024 | Jun 03, 2024 | $0.120 | 2.31% |
| 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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