Lion Financial Group Limited Stock Forecast
Lion Financial Group Limited stock price ended at $0.787 on Wednesday, after gaining 2.46%.
(Updated on Apr 17, 2024)
The Lion Financial Group Limited stock price gained 2.46% on the last trading day (Wednesday, 17th Apr 2024), rising from $0.768 to $0.787. During the last trading day the stock fluctuated 8.11% from a day low at $0.740 to a day high of $0.80. The price has been going up and down for this period, and there has been a 1.57% gain for the last 2 weeks. Volume fell on the last day by -328 thousand shares and in total, 242 thousand shares were bought and sold for approximately $190.24 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.679 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -22.80% during the next 3 months and, with a 90% probability hold a price between $0.524 and $0.96 at the end of this 3-month period.
LGHL Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, April 15, 2024, and so far it has risen 13.89%. Further rise is indicated until a new top pivot has been found. 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 Lion Financial Group Limited stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $0.84. On a fall, the stock will find some support from the short-term average at $0.724. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Support, Risk & Stop-loss for Lion Financial Group Limited stock
Lion Financial Group Limited finds support from accumulated volume at $0.775 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.0600 between high and low, or 8.11%. For the last week the stock has had daily average volatility of 10.24%.
Our recommended stop-loss: $0.759 (-3.54%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 2 days ago.)
Trading Expectations (LGHL) For The Upcoming Trading Day Of Thursday 18th
For the upcoming trading day on Thursday, 18th we expect Lion Financial Group Limited to open at $0.776, and during the day (based on 14 day Average True Range), to move between $0.707 and $0.87, which gives a possible trading interval of +/-$0.0804 (+/-10.22%) up or down from last closing price. If Lion Financial Group Limited takes out the full calculated possible swing range there will be an estimated 20.43% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.775 (1.55%) than the resistance at $0.83 (5.86%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Lion Financial Group Limited stock A Buy?
Lion Financial Group Limited 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.
Current score: -0.295 Hold/Accumulate Unchanged
Predicted Opening Price for Lion Financial Group Limited of Thursday, April 18, 2024
Fair opening price April 18, 2024 | Current price |
---|---|
$0.776 ( 1.44%) | $0.787 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LGHL
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.84 | 6.18 % | |
R2 | 0.81 | 3.27 % | ||
R1 | 0.799 | 1.47 % | ||
Current price: | 0.787 | |||
Support | S1 | 0.753 | -4.35 % | |
S2 | 0.739 | -6.15 % | ||
S3 | 0.716 | -9.06 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.87 | 10.55 % | |
R2 | 0.84 | 6.76 % | ||
R1 | 0.83 | 5.86 % | ||
Current price | 0.787 | |||
Support | S1 | 0.775 | -1.55% | |
S2 | 0.768 | -2.40% | ||
S3 | 0.715 | -9.21% |
FAQ
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