Liberty All-Star Growth Fund Inc Stock Forecast
Liberty All-Star Growth Fund Inc stock price down 0.388% on Wednesday
(Updated on Apr 24, 2024)
The Liberty All-Star Growth Fund Inc stock price fell by -0.388% on the last day (Wednesday, 24th Apr 2024) from $5.16 to $5.14. During the last trading day the stock fluctuated 1.17% from a day low at $5.12 to a day high of $5.18. The price has fallen in 7 of the last 10 days and is down by -4.46% 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 -139 thousand shares and in total, 89 thousand shares were bought and sold for approximately $459.76 thousand.
The stock is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Liberty All-Star Growth Fund Inc stock with a 90% probability to be traded between $4.94 and $5.41 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
A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 2.80%. 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 Growth Fund Inc stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $5.36. On a fall, the stock will find some support from the short-term average at $5.11. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. 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
Liberty All-Star Growth Fund Inc finds support from accumulated volume at $5.07 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.0600 between high and low, or 1.17%. For the last week the stock has had daily average volatility of 1.38%.
Our recommended stop-loss: $4.87 (-5.35%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 3 days ago.)
Trading Expectations (ASG) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Liberty All-Star Growth Fund Inc to open at $5.15, and during the day (based on 14 day Average True Range), to move between $5.06 and $5.22, which gives a possible trading interval of +/-$0.0810 (+/-1.58%) 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 3.15% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $5.07 (1.36%) than the resistance at $5.41 (5.25%), 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 Growth Fund Inc stock A Buy?
Liberty All-Star Growth Fund Inc 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.
Current score: 0.125 Hold/Accumulate Unchanged
Predicted Opening Price for Liberty All-Star Growth Fund Inc of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| $5.15 ( 0.130%) | $5.14 |
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 | 5.21 | 1.30 % | |
| R2 | 5.18 | 0.85 % | ||
| R1 | 5.17 | 0.576 % | ||
| Current price: | 5.14 | |||
| Support | S1 | 5.12 | -0.316 % | |
| S2 | 5.11 | -0.592 % | ||
| S3 | 5.09 | -1.04 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.44 | 5.84 % | |
| R2 | 5.42 | 5.45 % | ||
| R1 | 5.41 | 5.25 % | ||
| Current price | 5.14 | |||
| Support | S1 | 5.07 | -1.36% | |
| S2 | 5.03 | -2.14% | ||
| S3 | 5.00 | -2.72% |
ASG Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 18, 2024 | Apr 18, 2024 | Jun 03, 2024 | $0.120 | 2.33% |
| 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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