Lions Gate Entertainment Corp Class A Stock Forecast
Stronger technical forecast for Lions Gate Entertainment Corp Class A stock price after Friday trading.
(Updated on May 03, 2024)
The Lions Gate Entertainment Corp Class A stock price gained 1.68% on the last trading day (Friday, 3rd May 2024), rising from $10.69 to $10.87. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 2.83% from a day low at $10.59 to a day high of $10.89. The price has been going up and down for this period, and there has been a 5.43% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 35 thousand more shares were traded than the day before. In total, 578 thousand shares were bought and sold for approximately $6.29 million.
The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 12.20% during the next 3 months and, with a 90% probability hold a price between $11.01 and $13.52 at the end of this 3-month period.
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LGF-A Signals & Forecast
The Lions Gate Entertainment Corp Class A stock 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 $10.49 and $10.16. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, February 13, 2024, and so far it has risen 25.96%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Lions Gate Entertainment Corp Class A stock
Lions Gate Entertainment Corp Class A finds support from accumulated volume at $10.84 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 $0.300 (2.83%) between high and low. For the last week, the stock has had daily average volatility of 3.47%.
Our recommended stop-loss: $10.45 (-3.88%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 56 days ago.)
Trading Expectations (LGF-A) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Lions Gate Entertainment Corporation Class A to open at $10.78, and during the day (based on 14 day Average True Range), to move between $10.48 and $11.26, which gives a possible trading interval of +/-$0.387 (+/-3.56%) up or down from last closing price. If Lions Gate Entertainment Corporation Class A takes out the full calculated possible swing range there will be an estimated 7.12% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $10.84, some $0.0300 (0.28%) from the current price of $10.87, our system finds the risk reward attractive.
Is Lions Gate Entertainment Corporation Class A stock A Buy?
Lions Gate Entertainment Corp Class A holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 6.013 Strong Buy Candidate Upgraded
Predicted Opening Price for Lions Gate Entertainment Corporation Class A of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $10.78 ( 0.797%) | $10.87 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LGF-A
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 11.08 | 1.96 % | |
| R2 | 10.97 | 0.91 % | ||
| R1 | 10.90 | 0.257 % | ||
| Current price: | 10.87 | |||
| Support | S1 | 10.67 | -1.85 % | |
| S2 | 10.60 | -2.50 % | ||
| S3 | 10.48 | -3.56 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 10.87 | |||
| Support | S1 | 10.84 | -0.276% | |
| S2 | 9.71 | -10.67% | ||
| S3 | 9.38 | -13.71% |
LGF-A Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 17, 2018 | Sep 27, 2018 | Nov 08, 2018 | $0.0900 | 0.469% |
| 2 | Jun 08, 2018 | Jun 28, 2018 | Aug 09, 2018 | $0.0900 | 0.390% |
| 3 | Feb 06, 2018 | Mar 28, 2018 | May 01, 2018 | $0.0900 | 0.380% |
| 4 | Jun 28, 2016 | Jun 28, 2016 | Jun 28, 2016 | $0.0900 | 0.448% |
| 5 | Mar 29, 2016 | Mar 29, 2016 | Mar 29, 2016 | $0.0900 | 0.416% |
FAQ
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