Lion Financial Group Limited Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
A very red day for Lion Financial Group Limited stock price after a -12.28% fall in the Friday trading session
(Updated on May 17, 2024)
The Lion Financial Group Limited stock price fell by -12.28% on the last day (Friday, 17th May 2024) from $0.0057 to $0.0050. During the last trading day the stock fluctuated 0% from a day low at $0.0050 to a day high of $0.0050. The price has fallen in 5 of the last 10 days and is down by -28.57% for this period. Volume has increased on the last day by 6 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, 6 thousand shares were bought and sold for approximately $28.61 .
The stock is moving within a very wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Lion Financial Group Limited stock with a 90% probability to be traded between $0.0036 and $0.0078 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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LGHLW Signals & Forecast
There are few to no technical positive signals at the moment. The Lion Financial Group Limited 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 $0.0052 and $0.0057. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, May 10, 2024, and so far it has fallen -15.25%. 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). Lion Financial Group Limited 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 Lion Financial Group Limited stock
Lion Financial Group Limited finds support from accumulated volume at $0.0049 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 a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0 between high and low, or 0%. For the last week, the stock has had daily average volatility of 26.00%.
Our recommended stop-loss: $0.0047 (-5.24%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 5 days ago.)
Trading Expectations (LGHLW) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Lion Financial Group Limited to open at $0.0050, and during the day (based on 14 day Average True Range), to move between $0.0038 and $0.0062, which gives a possible trading interval of +/-$0.0012 (+/-23.28%) 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 46.56% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0049 (2.00%) than the resistance at $0.0052 (4.00%), 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 negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.000 Hold/Accumulate Upgraded
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Lion Financial Group Limited of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| $0.0050 ( 0%) | $0.0050 |
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 | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0050 | . | |
| R2 | 0.0050 | . | ||
| R1 | 0.0050 | . | ||
| Current price: | 0.0050 | |||
| Support | S1 | 0.0050 | . | |
| S2 | 0.0050 | . | ||
| S3 | 0.0050 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0059 | 18.00 % | |
| R2 | 0.0056 | 12.00 % | ||
| R1 | 0.0052 | 4.00 % | ||
| Current price | 0.0050 | |||
| Support | S1 | 0.0049 | -2.00% | |
| S2 | 0.0047 | -6.00% | ||
| S3 | 0.0043 | -14.00% |
FAQ
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