Logan Capital Broad Innovative Growth ETF Forecast
Logan Capital Broad Innovative Growth ETF downgraded from Buy Candidate to Hold/Accumulate after Thursday trading session.
(Updated on Jun 27, 2024)
No changes to the price of Logan Capital Broad Innovative Growth ETF on the last trading day (Thursday, 27th Jun 2024). During the last trading day the ETF fluctuated 0% from a day low at $46.37 to a day high of $46.37. The price has been going up and down for this period, and there has been a 0.49% gain for the last 2 weeks.
The ETF lies in the upper part of a narrow and weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $46.46 will firstly indicate a stronger rate of rising. Given the current short-term trend, the ETF is expected to rise 3.30% during the next 3 months and, with a 90% probability hold a price between $47.37 and $47.99 at the end of this 3-month period.
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LCLG Signals & Forecast
The Logan Capital Broad Innovative Growth ETF 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 $46.21 and $45.71. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Wednesday, June 26, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Logan Capital Broad Innovative Growth ETF
Logan Capital Broad Innovative Growth finds support from accumulated volume at $46.10 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 $0 between high and low, or 0%. For the last week the ETF has had daily average volatility of 0.0306%
Our recommended stop-loss: $44.72 (-3.56%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 15 days ago.)
Trading Expectations (LCLG) For The Upcoming Trading Day Of Friday 28th
For the upcoming trading day on Friday, 28th we expect Logan Capital Broad Innovative Growth Etf to open at $46.37, and during the day (based on 14 day Average True Range), to move between $46.20 and $46.55, which gives a possible trading interval of +/-$0.174 (+/-0.38%) up or down from last closing price. If Logan Capital Broad Innovative Growth Etf takes out the full calculated possible swing range there will be an estimated 0.75% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $46.10, some $0.274 (0.59%) from the current price of $46.37, our system finds the risk reward attractive.
Is Logan Capital Broad Innovative Growth Etf ETF A Buy?
Logan Capital Broad Innovative Growth holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.555 Hold/Accumulate Downgraded
Predicted Opening Price for Logan Capital Broad Innovative Growth Etf of Friday, June 28, 2024
| Fair opening price June 28, 2024 | Current price |
|---|---|
| $46.37 ( 0%) | $46.37 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LCLG
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 46.37 | - |
| R2 | 46.37 | - |
| R1 | 46.37 | - |
| Price | 46.37 | |
| S1 | 46.37 | - |
| S2 | 46.37 | - |
| S3 | 46.37 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 46.37 | |
| S1 | 46.10 | -0.592% |
| S2 | 45.47 | -1.95% |
| S3 | 45.29 | -2.34% |
LCLG Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 26, 2023 | Dec 27, 2023 | Dec 29, 2023 | $0.391 | 0.97% |
| 2 | Dec 28, 2022 | Dec 29, 2022 | Jan 03, 2023 | $0.609 | 2.02% |
FAQ
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