Lowell Resources Fund Fund Forecast

Lowell Resources Fund fund price took a fall of -6.47% on Friday
(Updated on Jun 28, 2024)

LRT.AX Signals & Forecast

There are few to no technical positive signals at the moment. The Lowell Resources Fund fund 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 A$1.38 and A$1.39. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, May 27, 2024, and so far it has fallen -10.34%. 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 along with the price during the last trading day which is technical positive. One should, however, note that this fund may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.

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

Lowell Resources Fund finds support from accumulated volume at A$1.29 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$0.0700 between high and low, or 5.38%. For the last week the fund has had daily average volatility of 3.55%.

Our recommended stop-loss: A$1.23 (-5.23%) (This fund has low daily movements and this gives low risk. There is a sell signal from a pivot top found 24 days ago.)

Trading Expectations (LRT.AX) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Lowell Resources Fund to open at A$1.32, and during the day (based on 14 day Average True Range), to move between A$1.27 and A$1.33, which gives a possible trading interval of +/-A$0.0325 (+/-2.50%) up or down from last closing price. If Lowell Resources Fund takes out the full calculated possible swing range there will be an estimated 5.00% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at A$1.29 (0.77%) than the resistance at A$1.38 (6.15%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Lowell Resources Fund fund A Buy?

Lowell Resources Fund 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 fund since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: -0.713 Hold/Accumulate Upgraded

Predicted Opening Price for Lowell Resources Fund of Monday, July 1, 2024

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