Liberty All-Star Growth Fund Inc Stock 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
Stronger technical forecast for Liberty All-Star Growth Fund Inc stock price after Thursday trading.
(Updated on Apr 18, 2024)
The Liberty All-Star Growth Fund Inc stock price fell by -2.71% on the last day (Thursday, 18th Apr 2024) from $5.17 to $5.03. It has now fallen 5 days in a row. During the last trading day the stock fluctuated 1.39% from a day low at $5.02 to a day high of $5.09. The price has fallen in 7 of the last 10 days and is down by -6.33% 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 -65 thousand shares and in total, 191 thousand shares were bought and sold for approximately $963.17 thousand.
Given the current horizontal trend, you can expect Liberty All-Star Growth Fund Inc stock with a 90% probability to be traded between $5.12 and $5.61 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 stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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ASG Signals & Forecast
There are few to no technical positive signals at the moment. The Liberty All-Star Growth Fund Inc 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 $5.24 and $5.39. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, March 28, 2024, and so far it has fallen -8.38%. 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 stock may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss for Liberty All-Star Growth Fund Inc 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.
In general the stock 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 stock During the last day, the stock moved $0.0700 between high and low, or 1.39%. For the last week the stock has had daily average volatility of 1.85%
Liberty All-Star Growth Fund Inc is oversold on RSI14 (20). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: $4.75 (-5.61%) (This stock has low daily movements and this gives low risk. Low RSI14 is 20 which reduces the risk some. There is a sell signal from a pivot top found 14 days ago.)
Trading Expectations (ASG) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Liberty All-Star Growth Fund Inc to open at $5.05, and during the day (based on 14 day Average True Range), to move between $4.95 and $5.11, which gives a possible trading interval of +/-$0.0823 (+/-1.64%) 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 3.27% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $5.41, some $0.380 (7.55%) from the current price of $5.03, our system finds the risk reward not very attractive.
Is Liberty All-Star Growth Fund Inc stock A Buy?
Liberty All-Star Growth Fund Inc 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 stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.696 Hold/Accumulate Upgraded
Predicted Opening Price for Liberty All-Star Growth Fund Inc of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $5.05 ( 0.331%) | $5.03 |
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 | 5.12 | 1.72 % | |
| R2 | 5.09 | 1.19 % | ||
| R1 | 5.07 | 0.86 % | ||
| Current price: | 5.03 | |||
| Support | S1 | 5.02 | -0.200 % | |
| S2 | 5.00 | -0.529 % | ||
| S3 | 4.98 | -1.06 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.44 | 8.15 % | |
| R2 | 5.42 | 7.75 % | ||
| R1 | 5.41 | 7.55 % | ||
| Current price | 5.03 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
ASG Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 18, 2024 | Apr 18, 2024 | Jun 03, 2024 | $0.120 | 2.39% |
| 2 | Jan 08, 2024 | Jan 18, 2024 | Mar 04, 2024 | $0.110 | 2.03% |
| 3 | Nov 06, 2023 | Nov 16, 2023 | Jan 02, 2024 | $0.100 | 1.92% |
| 4 | Jul 10, 2023 | Jul 20, 2023 | Sep 05, 2023 | $0.110 | 2.10% |
| 5 | Apr 10, 2023 | Apr 20, 2023 | Jun 05, 2023 | $0.110 | 2.10% |
FAQ
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