Lowell Resources Fund Fund 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:
![Bollinger Bottleneck Buy Pattern 1](https://stockinvest.us/assets/img/legend/boll_tight.gif?v=e286bd2437919596200b642acbe7c45175aa9cf4)
![Bollinger Bottleneck Buy Pattern 2](https://stockinvest.us/assets/img/legend/boll_tight2.gif?v=e286bd2437919596200b642acbe7c45175aa9cf4)
![Bollinger Bottleneck Sell Pattern](https://stockinvest.us/assets/img/legend/boll_tight3.gif?v=e286bd2437919596200b642acbe7c45175aa9cf4)
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
Lowell Resources Fund fund price took a fall of -6.47% on Friday
(Updated on Jun 28, 2024)
The Lowell Resources Fund fund price fell by -6.47% on the last day (Friday, 28th Jun 2024) from A$1.39 to A$1.30. During the last trading day the fund fluctuated 5.38% from a day low at A$1.30 to a day high of A$1.37. The price has been going up and down for this period, and there has been a -5.8% loss for the last 2 weeks. Volume fell on the last day along with the fund, which is actually a good sign as volume should follow the fund. On the last day, the trading volume fell by -82 thousand shares and in total, 31 thousand shares were bought and sold for approximately A$39.90 thousand.
Given the current short-term trend, the fund is expected to rise 5.72% during the next 3 months and, with a 90% probability hold a price between A$1.37 and A$1.57 at the end of this 3-month period.
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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
Fair opening price July 1, 2024 | Current price |
---|---|
A$1.32 ( 1.79%) | A$1.30 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LRT.AX
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 1.39 | 7.18% |
R2 | 1.37 | 5.12% |
R1 | 1.35 | 3.85% |
Price | 1.30 | |
S1 | 1.30 | -0.262% |
S2 | 1.28 | -1.53% |
S3 | 1.25 | -3.59% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 1.41 | 8.08% |
R2 | 1.39 | 6.92% |
R1 | 1.38 | 6.15% |
Price | 1.30 | |
S1 | 1.29 | -0.769% |
S2 | 0 | - |
S3 | 0 | - |
LRT Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jun 30, 2023 | Jun 30, 2023 | Jun 30, 2023 | A$0.0702 | 5.62% |
2 | Jun 30, 2022 | Jun 30, 2022 | Jun 30, 2022 | A$0.116 | 8.90% |
3 | Jun 30, 2021 | Jun 30, 2021 | Jun 30, 2021 | A$0.150 | 9.99% |
4 | Jun 24, 2020 | Jun 30, 2020 | Aug 31, 2020 | A$0.0240 | 1.95% |
FAQ
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