Lion-phillip S-reit Etf ETF Forecast
Red day on Friday for Lion-phillip S-reit Etf ETF after losing 0.255%
(Updated on Jun 28, 2024)
The Lion-phillip S-reit Etf ETF price fell by -0.255% on the last day (Friday, 28th Jun 2024) from S$0.784 to S$0.782. It has now fallen 3 days in a row. During the last trading day the ETF fluctuated 0.512% from a day low at S$0.781 to a day high of S$0.785. The price has fallen in 6 of the last 10 days and is down by -1.14% for this period. Volume fell on the last day along with the ETF, which is actually a good sign as volume should follow the ETF. On the last day, the trading volume fell by -749 thousand shares and in total, 725 thousand shares were bought and sold for approximately S$567.14 thousand.
The ETF lies in the middle of a narrow and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the ETF is expected to fall -2.71% during the next 3 months and, with a 90% probability hold a price between S$0.758 and S$0.773 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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CLR.SI Signals & Forecast
There are few to no technical positive signals at the moment. The Lion-phillip S-reit Etf ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at S$0.786 and S$0.796. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, June 05, 2024, and so far it has fallen -3.34%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this ETF may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss for Lion-phillip S-reit Etf ETF
There is no support from accumulated volume below today's level and given the right condition the ETF may perform very badly in the next couple of days.
In general the ETF tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the ETF During the last day, the ETF moved S$0.0040 between high and low, or 0.512%. For the last week the ETF has had daily average volatility of 0.82%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CLR.SI) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Lion-phillip S-reit Etf to open at S$0.783, and during the day (based on 14 day Average True Range), to move between S$0.774 and S$0.790, which gives a possible trading interval of +/-S$0.0076 (+/-0.97%) up or down from last closing price. If Lion-phillip S-reit Etf takes out the full calculated possible swing range there will be an estimated 1.94% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ S$0.785, some S$0.0030 (0.38%) from the current price of S$0.782, our system finds the risk reward not very attractive.
Is Lion-phillip S-reit Etf ETF A Buy?
Lion-phillip S-reit Etf holds several negative signals and is within a narrow and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this ETF.
Current score: -4.604 Sell Candidate Unchanged
Predicted Opening Price for Lion-phillip S-reit Etf of Monday, July 1, 2024
Fair opening price July 1, 2024 | Current price |
---|---|
S$0.783 ( 0.0853%) | S$0.782 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CLR.SI
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.787 | 0.597% |
R2 | 0.785 | 0.401% |
R1 | 0.784 | 0.281% |
Price | 0.782 | |
S1 | 0.781 | -0.110% |
S2 | 0.780 | -0.231% |
S3 | 0.779 | -0.426% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.80 | 2.43% |
R2 | 0.798 | 2.05% |
R1 | 0.785 | 0.384% |
Price | 0.782 | |
S1 | 0 | - |
S2 | 0 | - |
S3 | 0 | - |
FAQ
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