Liberty All-Star Growth Fund Inc Stock Forecast
Liberty All-Star Growth Fund Inc stock upgraded to Buy Candidate.
(Updated on Mar 27, 2024)
The Liberty All-Star Growth Fund Inc stock price gained 0.735% on the last trading day (Wednesday, 27th Mar 2024), rising from $5.44 to $5.48. During the last trading day the stock fluctuated 0.92% from a day low at $5.44 to a day high of $5.49. The price has been going up and down for this period, and there has been a 0.55% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 23 thousand more shares were traded than the day before. In total, 185 thousand shares were bought and sold for approximately $1.01 million.
The stock lies in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 5.81% during the next 3 months and, with a 90% probability hold a price between $5.65 and $5.97 at the end of this 3-month period.
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ASG Signals & Forecast
The Liberty All-Star Growth Fund Inc stock 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 $5.44 and $5.41. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, January 18, 2024, and so far it has risen 7.45%. Further rise is indicated until a new top pivot has been found. Liberty All-Star Growth Fund Inc has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. 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).
Support, Risk & Stop-loss for Liberty All-Star Growth Fund Inc stock
Liberty All-Star Growth Fund Inc finds support from accumulated volume at $5.47 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.0499 between high and low, or 0.92%. For the last week the stock has had daily average volatility of 0.85%.
Our recommended stop-loss: $5.26 (-3.94%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 48 days ago.)
Trading Expectations (ASG) For The Upcoming Trading Day Of Thursday 28th
For the upcoming trading day on Thursday, 28th we expect Liberty All-Star Growth Fund Inc to open at $5.47, and during the day (based on 14 day Average True Range), to move between $5.42 and $5.54, which gives a possible trading interval of +/-$0.0607 (+/-1.11%) up or down from last closing price. If Liberty All-Star Growth Fund Inc takes out the full calculated possible swing range there will be an estimated 2.21% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $5.47, some $0.0100 (0.18%) from the current price of $5.48, our system finds the risk reward attractive.
Is Liberty All-Star Growth Fund Inc stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Liberty All-Star Growth Fund Inc stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 2.901 Buy Candidate Upgraded
Predicted Opening Price for Liberty All-Star Growth Fund Inc of Thursday, March 28, 2024
Fair opening price March 28, 2024 | Current price |
---|---|
$5.47 ( 0.182%) | $5.48 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ASG
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 5.52 | 0.729 % | |
R2 | 5.50 | 0.381 % | ||
R1 | 5.49 | 0.166 % | ||
Current price: | 5.48 | |||
Support | S1 | 5.45 | -0.530 % | |
S2 | 5.44 | -0.745 % | ||
S3 | 5.42 | -1.09 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 0 | . | ||
Current price | 5.48 | |||
Support | S1 | 5.47 | -0.182% | |
S2 | 5.42 | -1.09% | ||
S3 | 5.41 | -1.28% |
ASG Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jan 08, 2024 | Jan 18, 2024 | Mar 04, 2024 | $0.110 | 2.03% |
2 | Nov 06, 2023 | Nov 16, 2023 | Jan 02, 2024 | $0.100 | 1.92% |
3 | Jul 10, 2023 | Jul 20, 2023 | Sep 05, 2023 | $0.110 | 2.10% |
4 | Apr 10, 2023 | Apr 20, 2023 | Jun 05, 2023 | $0.110 | 2.10% |
5 | Jan 09, 2023 | Jan 19, 2023 | Mar 11, 2019 | $0.110 | 2.08% |
FAQ
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