Lions Gate Entertainment Corp. Stock Forecast
Stronger technical forecast for Lions Gate Entertainment Corp. stock price after Tuesday trading.
(Updated on Apr 23, 2024)
The Lions Gate Entertainment Corp. stock price gained 4.96% on the last trading day (Tuesday, 23rd Apr 2024), rising from $9.47 to $9.94. During the last trading day the stock fluctuated 5.67% from a day low at $9.52 to a day high of $10.06. The price has fallen in 7 of the last 10 days and is down by -0.4% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 335 thousand more shares were traded than the day before. In total, 1 million shares were bought and sold for approximately $10.18 million.
The stock lies in the upper part of a wide 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 $10.12 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 2.34% during the next 3 months and, with a 90% probability hold a price between $8.42 and $10.36 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
LGF-B Signals & Forecast
The Lions Gate Entertainment Corp. 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 $9.57 and $9.29. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Wednesday, April 10, 2024, and so far it has fallen -1.49%. Further fall is indicated until a new bottom pivot has been found. 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. stock
Lions Gate Entertainment Corp. finds support from accumulated volume at $9.80 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 $0.540 between high and low, or 5.67%. For the last week, the stock has had daily average volatility of 3.87%.
Our recommended stop-loss: $9.53 (-4.11%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 9 days ago.)
Trading Expectations (LGF-B) For The Upcoming Trading Day Of Wednesday 24th
For the upcoming trading day on Wednesday, 24th we expect Lions Gate Entertainment Corp. to open at $9.84, and during the day (based on 14 day Average True Range), to move between $9.56 and $10.32, which gives a possible trading interval of +/-$0.376 (+/-3.78%) up or down from last closing price. If Lions Gate Entertainment Corp. takes out the full calculated possible swing range there will be an estimated 7.57% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $9.96 (0.20%) than the support at $9.80 (1.41%), 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 Lions Gate Entertainment Corp. stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Lions Gate Entertainment Corp. stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 2.550 Buy Candidate Upgraded
Predicted Opening Price for Lions Gate Entertainment Corp. of Wednesday, April 24, 2024
| Fair opening price April 24, 2024 | Current price |
|---|---|
| $9.84 ( 1.01%) | $9.94 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LGF-B
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 10.38 | 4.43 % | |
| R2 | 10.17 | 2.35 % | ||
| R1 | 10.05 | 1.07 % | ||
| Current price: | 9.94 | |||
| Support | S1 | 9.63 | -3.08 % | |
| S2 | 9.51 | -4.36 % | ||
| S3 | 9.30 | -6.44 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 10.10 | 1.61 % | |
| R2 | 10.09 | 1.51 % | ||
| R1 | 9.96 | 0.201 % | ||
| Current price | 9.94 | |||
| Support | S1 | 9.80 | -1.41% | |
| S2 | 9.17 | -7.75% | ||
| S3 | 8.81 | -11.37% |
LGF-B Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 17, 2018 | Sep 27, 2018 | Nov 08, 2018 | $0.0900 | 0.512% |
| 2 | Jun 08, 2018 | Jun 28, 2018 | Aug 09, 2018 | $0.0900 | 0.407% |
| 3 | Feb 06, 2018 | Mar 28, 2018 | May 01, 2018 | $0.0900 | 0.411% |
FAQ
Click here for our free guide on how to buy Lions Gate Entertainment Corp. Stock.
