Lowell Resources Fund Fund Forecast

Stronger technical forecast for Lowell Resources Fund fund price after Wednesday trading.
(Updated on Jun 26, 2024)

LRT.AX Signals & Forecast

The Lowell Resources Fund fund holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the fund has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at A$1.39 and A$1.39. 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 5.93%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. 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 fund had a Golden Star Signal on Monday, June 24, 2024 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the fund in question.

Support, Risk & Stop-loss for Lowell Resources Fund fund

Lowell Resources Fund finds support from accumulated volume at A$1.41 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the fund tends to have controlled movements and therefore the general risk is considered low. However, be aware of low or falling volume and make sure to keep an eye on the fund. During the last day, the fund moved A$0.0500 between high and low, or 3.62%. For the last week the fund has had daily average volatility of 2.13%.

Our recommended stop-loss: A$1.35 (-5.40%) (This fund has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 20 days ago.)

Trading Expectations (LRT.AX) For The Upcoming Trading Day Of Thursday 27th

For the upcoming trading day on Thursday, 27th we expect Lowell Resources Fund to open at A$1.41, and during the day (based on 14 day Average True Range), to move between A$1.40 and A$1.46, which gives a possible trading interval of +/-A$0.0257 (+/-1.79%) up or down from last closing price. If Lowell Resources Fund takes out the full calculated possible swing range there will be an estimated 3.59% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at A$1.44 (0.70%) than the support at A$1.41 (1.75%), 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 Lowell Resources Fund fund 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 Lowell Resources Fund fund to perform well in the short-term. We have upgraded our analysis conclusion for this fund since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 4.224 Buy Candidate Upgraded

Predicted Opening Price for Lowell Resources Fund of Thursday, June 27, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.