The Lottery Corporation Limited Stock Forecast
The Lottery Corporation Limited stock price down 1.03% on Thursday
(Updated on May 02, 2024)
The The Lottery Corporation Limited stock price fell by -1.03% on the last day (Thursday, 2nd May 2024) from $4.87 to $4.82. During the last trading day the stock fluctuated 1.25% from a day low at $4.81 to a day high of $4.87. The price has fallen in 6 of the last 10 days and is down by -3.41% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -948 thousand shares and in total, 903 thousand shares were bought and sold for approximately $4.35 million.
The stock lies in the lower of a falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $4.81 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -2.46% during the next 3 months and, with a 90% probability hold a price between $4.69 and $5.03 at the end of this 3-month period.
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TLC.AX Signals & Forecast
There are few to no technical positive signals at the moment. The The Lottery Corporation Limited stock 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 $4.87 and $5.06. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, April 09, 2024, and so far it has fallen -6.95%. 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 together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for The Lottery Corporation Limited stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.0600 (1.25%) between high and low. For the last week, the stock has had daily average volatility of 1.24%.
The Lottery Corporation Limited is oversold on RSI14 (22). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (TLC.AX) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect The Lottery Corporation Limited to open at $4.83, and during the day (based on 14 day Average True Range), to move between $4.74 and $4.90, which gives a possible trading interval of +/-$0.0830 (+/-1.72%) up or down from last closing price. If The Lottery Corporation Limited takes out the full calculated possible swing range there will be an estimated 3.44% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $5.08, some $0.260 (5.39%) from the current price of $4.82, our system finds the risk reward not very attractive.
Is The Lottery Corporation Limited stock A Buy?
The Lottery Corporation Limited holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -2.783 Sell Candidate Unchanged
Predicted Opening Price for The Lottery Corporation Limited of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| $4.83 ( 0.277%) | $4.82 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TLC.AX
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.89 | 1.52 % | |
| R2 | 4.87 | 1.05 % | ||
| R1 | 4.86 | 0.752 % | ||
| Current price: | 4.82 | |||
| Support | S1 | 4.81 | -0.199 % | |
| S2 | 4.80 | -0.493 % | ||
| S3 | 4.77 | -0.97 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.15 | 6.85 % | |
| R2 | 5.09 | 5.60 % | ||
| R1 | 5.08 | 5.39 % | ||
| Current price | 4.82 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
TLC Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 28, 2024 | Feb 28, 2024 | Mar 28, 2024 | $0.0800 | 1.55% |
| 2 | Aug 29, 2023 | Aug 29, 2023 | Aug 29, 2023 | $0.0600 | 1.20% |
| 3 | Mar 01, 2023 | Mar 01, 2023 | Mar 01, 2023 | $0.0100 | 0.197% |
FAQ
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