0% commission for ETF tradesLiberty Broadband Corporation Stock Forecast
AI Analysis of LBRDK
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Liberty Broadband Corporation stock downgraded from Hold/Accumulate to Sell Candidate after Thursday trading session.
(Updated on Sep 12, 2024)
The Liberty Broadband Corporation stock price gained 2.59% on the last trading day (Thursday, 12th Sep 2024), rising from $59.56 to $61.10. During the last trading day the stock fluctuated 3.06% from a day low at $59.47 to a day high of $61.29. The price has fallen in 8 of the last 10 days and is down by -4.17% for this period. Volume fell on the last day by -46 thousand shares and in total, 563 thousand shares were bought and sold for approximately $34.41 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $59.77 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 20.79% during the next 3 months and, with a 90% probability hold a price between $72.19 and $89.34 at the end of this 3-month period.
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LBRDK Signals & Forecast
There are mixed signals in the stock today. The Liberty Broadband Corporation 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 $62.86. On a fall, the stock will find some support from the short-term average at $60.30. 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. A sell signal was issued from a pivot top point on Tuesday, July 30, 2024, and so far it has fallen -9.62%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for Liberty Broadband Corporation stock
Liberty Broadband Corporation finds support from accumulated volume at $60.20 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $1.82 (3.06%) between high and low. For the last week, the stock has had daily average volatility of 2.92%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (LBRDK) For The Upcoming Trading Day Of Friday 13th
For the upcoming trading day on Friday, 13th we expect Liberty Broadband Corporation to open at $60.62, and during the day (based on 14 day Average True Range), to move between $59.38 and $62.82, which gives a possible trading interval of +/-$1.72 (+/-2.81%) up or down from last closing price. If Liberty Broadband Corporation takes out the full calculated possible swing range there will be an estimated 5.63% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $61.24 (0.23%) than the support at $60.20 (1.47%), 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 Broadband Corporation stock A Buy?
Liberty Broadband Corporation 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.
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Current score: -3.359 Sell Candidate Downgraded
Predicted Opening Price for Liberty Broadband Corporation of Friday, September 13, 2024
| Fair opening price September 13, 2024 | Current price |
|---|---|
| $60.62 ( 0.786%) | $61.10 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LBRDK
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 62.44 | 2.19% |
| R2 | 61.74 | 1.06% |
| R1 | 61.32 | 0.352% |
| Price | 61.10 | |
| S1 | 59.92 | -1.92% |
| S2 | 59.50 | -2.63% |
| S3 | 58.80 | -3.76% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 66.51 | 8.85% |
| R2 | 64.77 | 6.01% |
| R1 | 61.24 | 0.229% |
| Price | 61.10 | |
| S1 | 60.20 | -1.47% |
| S2 | 54.82 | -10.28% |
| S3 | 52.66 | -13.81% |
FAQ
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