Lion Selection Group Ltd-Funds Fund Forecast

Lion Selection Group Ltd-Funds fund downgraded to Hold/Accumulate
(Updated on Jun 25, 2024)

LSX.AX Signals & Forecast

The Lion Selection Group Ltd-Funds 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$0.435 and A$0.435. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, June 07, 2024, and so far it has risen 3.49%. 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 Friday, June 21, 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 Lion Selection Group Ltd-Funds fund

Lion Selection Group Ltd-Funds finds support from accumulated volume at A$0.440 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 very controlled movements and therefore the general risk is considered very 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$0.0100 between high and low, or 2.30%. For the last week the fund has had daily average volatility of 1.02%

Our recommended stop-loss: A$0.422 (-5.20%) (This fund has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 18 days ago.)

Trading Expectations (LSX.AX) For The Upcoming Trading Day Of Wednesday 26th

For the upcoming trading day on Wednesday, 26th we expect Lion Selection Group Ltd-Funds to open at A$0.442, and during the day (based on 14 day Average True Range), to move between A$0.438 and A$0.452, which gives a possible trading interval of +/-A$0.0068 (+/-1.53%) up or down from last closing price. If Lion Selection Group Ltd-Funds takes out the full calculated possible swing range there will be an estimated 3.07% 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$0.450 (1.12%) than the support at A$0.440 (1.12%), 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 Lion Selection Group Ltd-Funds fund A Buy?

Lion Selection Group Ltd-Funds holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this fund since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: -0.764 Hold/Accumulate Downgraded

Predicted Opening Price for Lion Selection Group Ltd-Funds of Wednesday, June 26, 2024

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