Lion Financial Group Limited Stock Forecast
Big movements in Lion Financial Group Limited stock price on Tuesday moving 26.76% between high and low
(Updated on Jul 02, 2024)
The Lion Financial Group Limited stock price gained 8.43% on the last trading day (Tuesday, 2nd Jul 2024), rising from $0.0083 to $0.0090. During the last trading day the stock fluctuated 26.76% from a day low at $0.0071 to a day high of $0.0090. The price has fallen in 6 of the last 10 days but is still up by 7.14% over the past 2 weeks. Volume fell on the last day by -1 million shares and in total, 513 thousand shares were bought and sold for approximately $4.62 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 upper part of a very wide and strong 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 $0.0101 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 22.45% during the next 3 months and, with a 90% probability hold a price between $0.0040 and $0.0124 at the end of this 3-month period.
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LGHLW Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Tuesday, June 11, 2024, and so far it has fallen -7.22%. 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). 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 not be. The very low volume increases the risk and reduces the other technical signals issued. The Lion Financial Group Limited 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 $0.0077 and $0.0061. A breakdown below any of these levels will issue sell signals.
Support, Risk & Stop-loss for Lion Financial Group Limited stock
Lion Financial Group Limited finds support from accumulated volume at $0.0089 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 very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved $0.0019 between high and low, or 26.76%. For the last week the stock has had daily average volatility of 22.02%.
Our recommended stop-loss: $0.0086 (-4.12%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 16 days ago.)
Trading Expectations (LGHLW) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Lion Financial Group Limited to open at $0.0084, and during the day (based on 14 day Average True Range), to move between $0.0071 and $0.0109, which gives a possible trading interval of +/-$0.0019 (+/-21.26%) 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 42.52% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0089 (1.11%) than the resistance at $0.0097 (7.78%), 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 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: 5.010 Strong Buy Candidate Upgraded
Predicted Opening Price for Lion Financial Group Limited of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $0.0084 ( 7.04%) | $0.0090 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LGHLW
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0103 | 14.07% |
| R2 | 0.0095 | 6.01% |
| R1 | 0.0091 | 1.03% |
| Price | 0.0090 | |
| S1 | 0.0076 | -15.10% |
| S2 | 0.0072 | -20.08% |
| S3 | 0.0065 | -28.15% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0.0097 | 7.78% |
| Price | 0.0090 | |
| S1 | 0.0089 | -1.11% |
| S2 | 0.0083 | -7.78% |
| S3 | 0.0068 | -24.44% |
FAQ
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