Liberty All-Star Equity Fund Stock Forecast

Liberty All-Star Equity Fund stock downgraded to Sell Candidate
(Updated on Apr 25, 2024)

USA Signals & Forecast

A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 1.68%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Liberty All-Star Equity Fund 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 $6.66 and $6.93. A break-up above any of these levels will issue buy signals. 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. The stock had a Golden Star Signal on Tuesday, December 12, 2023 in the long-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 stock in question.

Support, Risk & Stop-loss for Liberty All-Star Equity Fund stock

Liberty All-Star Equity Fund finds support from accumulated volume at $6.64 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.0899 between high and low, or 1.36%. For the last week, the stock has had daily average volatility of 1.49%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (USA) For The Upcoming Trading Day Of Friday 26th

For the upcoming trading day on Friday, 26th we expect Liberty All-Star Equity Fund to open at $6.65, and during the day (based on 14 day Average True Range), to move between $6.54 and $6.76, which gives a possible trading interval of +/-$0.107 (+/-1.60%) up or down from last closing price. If Liberty All-Star Equity Fund takes out the full calculated possible swing range there will be an estimated 3.21% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $6.64 (0.15%) than the resistance at $6.76 (1.65%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Liberty All-Star Equity Fund stock A Buy?

The Liberty All-Star Equity Fund stock holds several negative signals and despite the positive trend, we believe Liberty All-Star Equity Fund will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -1.118 Sell Candidate Downgraded

Predicted Opening Price for Liberty All-Star Equity Fund of Friday, April 26, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.