LIBERTY GLOBAL PLC Stock Forecast
Is LIBERTY GLOBAL PLC stock still a buy after falling -7.05% on Wednesday?
(Updated on May 29, 2024)
The LIBERTY GLOBAL PLC stock price fell by -7.05% on the last day (Wednesday, 29th May 2024) from $18.12 to $16.84. During the last trading day the stock fluctuated 3.09% from a day low at $16.34 to a day high of $16.84. The price has risen in 4 of the last 10 days and is up by 0.86% over the past 2 weeks. Volume has increased on the last day by 1 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 1 thousand shares were bought and sold for approximately $24.51 thousand.
The stock lies in the middle of a wide and 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 -2.54% during the next 3 months and, with a 90% probability hold a price between $15.47 and $17.65 at the end of this 3-month period.
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LBTYB Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The LIBERTY GLOBAL PLC stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $17.48 and $16.88. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, May 28, 2024, and so far it has fallen -7.05%. Further fall is indicated until a new bottom pivot has been found. LIBERTY GLOBAL PLC gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for LIBERTY GLOBAL PLC stock
LIBERTY GLOBAL PLC finds support from accumulated volume at $16.70 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 $0.504 between high and low, or 3.09%. For the last week, the stock has had daily average volatility of 0.96%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (LBTYB) For The Upcoming Trading Day Of Thursday 30th
For the upcoming trading day on Thursday, 30th we expect LIBERTY GLOBAL PLC to open at $16.68, and during the day (based on 14 day Average True Range), to move between $16.29 and $17.39, which gives a possible trading interval of +/-$0.549 (+/-3.26%) up or down from last closing price. If LIBERTY GLOBAL PLC takes out the full calculated possible swing range there will be an estimated 6.52% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $16.88 (0.20%) than the support at $16.70 (0.86%), 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 GLOBAL PLC stock A Buy?
LIBERTY GLOBAL PLC holds several negative signals and is within a wide 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 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 Buy to a Sell candidate.
Current score: -3.998 Sell Candidate Downgraded
Predicted Opening Price for LIBERTY GLOBAL PLC of Thursday, May 30, 2024
| Fair opening price May 30, 2024 | Current price |
|---|---|
| $16.68 ( 1.00%) | $16.84 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LBTYB
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 17.18 | 2.00 % | |
| R2 | 16.99 | 0.85 % | ||
| R1 | 16.87 | 0.146 % | ||
| Current price: | 16.84 | |||
| Support | S1 | 16.48 | -2.14 % | |
| S2 | 16.36 | -2.85 % | ||
| S3 | 16.17 | -3.99 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 17.66 | 4.84 % | |
| R2 | 16.95 | 0.629 % | ||
| R1 | 16.88 | 0.198 % | ||
| Current price | 16.84 | |||
| Support | S1 | 16.70 | -0.86% | |
| S2 | 16.18 | -3.94% | ||
| S3 | 16.03 | -4.83% |
LBTYB Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 07, 2005 | Sep 07, 2005 | Sep 07, 2005 | $12.94 | 51.75% |
| 2 | Jul 26, 2004 | Jul 26, 2004 | Jul 26, 2004 | $1.35 | 7.75% |
FAQ
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