Labrador Iron Ore Royalty Corporation Stock Forecast
Green day on Thursday for Labrador Iron Ore Royalty Corporation
(Updated on Jun 27, 2024)
The Labrador Iron Ore Royalty Corporation stock price gained 0.263% on the last trading day (Thursday, 27th Jun 2024), rising from $30.44 to $30.52. During the last trading day the stock fluctuated 1.42% from a day low at $30.24 to a day high of $30.67. The price has risen in 6 of the last 10 days and is up by 3.25% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 22 thousand more shares were traded than the day before. In total, 188 thousand shares were bought and sold for approximately $5.73 million.
The stockis at the upper part of a horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at $30.95 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Labrador Iron Ore Royalty Corporation stock with a 90% probability to be traded between $28.77 and $30.92 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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LIF.TO Signals & Forecast
Mostly positive signals in the chart today. The Labrador Iron Ore Royalty Corporation 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 $29.98 and $29.79. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, June 11, 2024, and so far it has risen 5.97%. 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). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Labrador Iron Ore Royalty Corporation stock
Labrador Iron Ore Royalty Corporation finds support from accumulated volume at $30.39 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.430 between high and low, or 1.42%. For the last week the stock has had daily average volatility of 2.05%.
Our recommended stop-loss: $29.05 (-4.82%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 27 days ago.)
Trading Expectations (LIF.TO) For The Upcoming Trading Day Of Friday 28th
For the upcoming trading day on Friday, 28th we expect Labrador Iron Ore Royalty Corporation to open at $30.48, and during the day (based on 14 day Average True Range), to move between $29.98 and $31.06, which gives a possible trading interval of +/-$0.538 (+/-1.76%) up or down from last closing price. If Labrador Iron Ore Royalty Corporation takes out the full calculated possible swing range there will be an estimated 3.53% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $30.39 (0.43%) than the resistance at $30.96 (1.44%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Labrador Iron Ore Royalty Corporation stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Labrador Iron Ore Royalty Corporation stock to perform well in the short-term period.
Current score: 1.657 Buy Candidate Unchanged
Predicted Opening Price for Labrador Iron Ore Royalty Corporation of Friday, June 28, 2024
| Fair opening price June 28, 2024 | Current price |
|---|---|
| $30.48 ( 0.142%) | $30.52 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LIF.TO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 30.91 | 1.27% |
| R2 | 30.74 | 0.729% |
| R1 | 30.64 | 0.396% |
| Price | 30.52 | |
| S1 | 30.31 | -0.680% |
| S2 | 30.21 | -1.01% |
| S3 | 30.05 | -1.55% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 30.96 | 1.44% |
| Price | 30.52 | |
| S1 | 30.39 | -0.426% |
| S2 | 29.96 | -1.83% |
| S3 | 29.32 | -3.93% |
LIF Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 28, 2024 | Jun 28, 2024 | Jul 26, 2024 | $1.10 | 3.61% |
| 2 | Mar 27, 2024 | Mar 27, 2024 | Apr 26, 2024 | $0.450 | 1.48% |
| 3 | Dec 14, 2023 | Dec 28, 2023 | Jan 26, 2024 | $0.450 | 1.36% |
| 4 | Sep 14, 2023 | Sep 28, 2023 | Oct 26, 2023 | $0.95 | 3.14% |
| 5 | Jun 14, 2023 | Jun 29, 2023 | Jul 26, 2023 | $0.650 | 2.04% |
FAQ
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