Liberty Global plc Stock Forecast
Weaker technical forecast for Liberty Global plc as stock downgraded to Hold/Accumulate.
(Updated on Apr 25, 2024)
The Liberty Global plc stock price fell by -0.267% on the last day (Thursday, 25th Apr 2024) from $7.48 to $7.46. During the last trading day the stock fluctuated 3.44% from a day low at $7.28 to a day high of $7.53. The price has risen in 5 of the last 10 days but is still down by -2.36% for this period. Volume has increased on the last day by 320 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 1 million shares were bought and sold for approximately $10.13 million.
The stock lies in the middle of a wide and 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 8.69% during the next 3 months and, with a 90% probability hold a price between $7.05 and $8.41 at the end of this 3-month period.
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LILAK Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Thursday, April 11, 2024, and so far it has fallen -2.36%. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. The Liberty Global plc 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 $7.35 and $6.98. A breakdown below any of these levels will issue sell signals.
Support, Risk & Stop-loss for Liberty Global plc stock
Liberty Global plc finds support from accumulated volume at $7.18 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 $0.250 (3.44%) between high and low. For the last week, the stock has had daily average volatility of 2.87%.
Our recommended stop-loss: $7.21 (-3.37%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 10 days ago.)
Trading Expectations (LILAK) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Liberty Global plc to open at $7.42, and during the day (based on 14 day Average True Range), to move between $7.19 and $7.73, which gives a possible trading interval of +/-$0.270 (+/-3.62%) up or down from last closing price. If Liberty Global plc takes out the full calculated possible swing range there will be an estimated 7.25% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $7.47 (0.13%) than the support at $7.18 (3.75%), 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 Liberty Global plc stock A Buy?
Liberty Global plc 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 stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: -0.418 Hold/Accumulate Downgraded
Predicted Opening Price for Liberty Global plc of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $7.42 ( 0.536%) | $7.46 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LILAK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 7.67 | 2.82 % | |
| R2 | 7.57 | 1.53 % | ||
| R1 | 7.52 | 0.744 % | ||
| Current price: | 7.46 | |||
| Support | S1 | 7.32 | -1.82 % | |
| S2 | 7.27 | -2.61 % | ||
| S3 | 7.17 | -3.89 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 7.64 | 2.41 % | |
| R2 | 7.48 | 0.268 % | ||
| R1 | 7.47 | 0.134 % | ||
| Current price | 7.46 | |||
| Support | S1 | 7.18 | -3.75% | |
| S2 | 6.52 | -12.60% | ||
| S3 | 6.31 | -15.42% |
FAQ
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