Brompton Lifeco Split Corp Class A Stock Forecast
Red day on Thursday for Brompton Lifeco Split Corp Class A stock after losing 0.94%
(Updated on Jun 20, 2024)
The Brompton Lifeco Split Corp Class A stock price fell by -0.94% on the last day (Thursday, 20th Jun 2024) from $6.39 to $6.33. During the last trading day the stock fluctuated 3.48% from a day low at $6.33 to a day high of $6.55. The price has fallen in 6 of the last 10 days and is down by -4.09% for this period. Volume has increased on the last day by 3 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, 11 thousand shares were bought and sold for approximately $67.57 thousand.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Brompton Lifeco Split Corp Class A stock with a 90% probability to be traded between $5.73 and $7.09 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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LCS.TO Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has risen 0.796%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Brompton Lifeco Split Corp Class A stock 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 $6.37 and $6.71. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Brompton Lifeco Split Corp Class A 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 Brompton Lifeco Split Corp Class A stock
Brompton Lifeco Split Corp Class A finds support from accumulated volume at $6.28 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 $0.220 between high and low, or 3.48%. For the last week, the stock has had daily average volatility of 2.61%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (LCS.TO) For The Upcoming Trading Day Of Friday 21st
For the upcoming trading day on Friday, 21st we expect Brompton Lifeco Split Corp Class A to open at $6.40, and during the day (based on 14 day Average True Range), to move between $6.15 and $6.51, which gives a possible trading interval of +/-$0.179 (+/-2.83%) up or down from last closing price. If Brompton Lifeco Split Corp Class A takes out the full calculated possible swing range there will be an estimated 5.66% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $6.36 (0.47%) than the support at $6.28 (0.79%), 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 Brompton Lifeco Split Corp Class A stock A Buy?
Brompton Lifeco Split Corp Class A 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.
Current score: -3.084 Sell Candidate Unchanged
Predicted Opening Price for Brompton Lifeco Split Corp Class A of Friday, June 21, 2024
| Fair opening price June 21, 2024 | Current price |
|---|---|
| $6.40 ( 1.16%) | $6.33 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LCS.TO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 6.62 | 4.63% |
| R2 | 6.54 | 3.31% |
| R1 | 6.49 | 2.49% |
| Price | 6.33 | |
| S1 | 6.32 | -0.169% |
| S2 | 6.27 | -0.99% |
| S3 | 6.18 | -2.32% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 7.00 | 10.58% |
| R2 | 6.43 | 1.58% |
| R1 | 6.36 | 0.474% |
| Price | 6.33 | |
| S1 | 6.28 | -0.790% |
| S2 | 6.15 | -2.84% |
| S3 | 5.86 | -7.42% |
LCS Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 29, 2024 | Apr 29, 2024 | May 14, 2024 | $0.0750 | 1.09% |
| 2 | Mar 27, 2024 | Mar 27, 2024 | Mar 27, 2024 | $0 | 0% |
| 3 | Feb 28, 2024 | Feb 28, 2024 | Mar 14, 2024 | $0.0750 | 1.08% |
| 4 | Jan 30, 2024 | Jan 30, 2024 | Feb 14, 2024 | $0.0750 | 1.13% |
| 5 | Dec 28, 2023 | Dec 28, 2023 | Dec 28, 2023 | $0 | 0% |
FAQ
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