Lion Selection Group Ltd-Funds 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:
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
Lion Selection Group Ltd-Funds fund price down 0% on Friday
(Updated on Jun 28, 2024)
No changes to the price of Lion Selection Group Ltd-Funds fund on the last trading day (Friday, 28th Jun 2024). During the last trading day the fund fluctuated 0% from a day low at A$0.445 to a day high of A$0.445. The price has been going up and down for this period, and there has been a 2.3% gain for the last 2 weeks.
The fund is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Lion Selection Group Ltd-Funds fund with a 90% probability to be traded between A$0.431 and A$0.456 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 funds seldom manage to go directly from the bottom of a trend up to the top. Funds turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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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. 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 A$0.441 and A$0.437. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Thursday, June 27, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". 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.
Golden Star
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 between high and low, or 0%. For the last week the fund has had daily average volatility of 1.15%
Our recommended stop-loss: A$0.429 (-3.58%) (This fund has low daily movements and this gives low risk. There is a sell signal from a pivot top found 14 days ago.)
Trading Expectations (LSX.AX) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Lion Selection Group Ltd-Funds to open at A$0.445, and during the day (based on 14 day Average True Range), to move between A$0.439 and A$0.451, which gives a possible trading interval of +/-A$0.0058 (+/-1.30%) 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 2.61% 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?
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 Lion Selection Group Ltd-Funds fund to perform well in the short-term period.
Current score: 2.630 Buy Candidate Unchanged
Predicted Opening Price for Lion Selection Group Ltd-Funds of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| A$0.445 ( 0%) | A$0.445 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LSX.AX
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.445 | - |
| R2 | 0.445 | - |
| R1 | 0.445 | - |
| Price | 0.445 | |
| S1 | 0.445 | - |
| S2 | 0.445 | - |
| S3 | 0.445 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0.450 | 1.12% |
| Price | 0.445 | |
| S1 | 0.440 | -1.12% |
| S2 | 0.435 | -2.25% |
| S3 | 0.430 | -3.37% |
LSX Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Oct 25, 2023 | Oct 25, 2023 | Oct 25, 2023 | A$0.0150 | 3.61% |
| 2 | Mar 09, 2023 | Mar 09, 2023 | Mar 09, 2023 | A$0.0200 | 4.21% |
| 3 | Nov 14, 2022 | Nov 14, 2022 | Nov 14, 2022 | A$0.0150 | 3.26% |
| 4 | Oct 14, 2022 | Oct 14, 2022 | Oct 14, 2022 | A$0.0150 | 3.41% |
| 5 | Apr 11, 2022 | Apr 11, 2022 | Apr 11, 2022 | A$0.0350 | 7.22% |
FAQ
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