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LION Stock Tickeron detected bullish Stock Pattern: Cup-and-Handle LION on November 26, 2024, netting in a 11.19% gain over 1 month

A.I.dvisor
at Tickeron.com
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+11.19% Gain from a Successful pattern Cup-and-Handle
LION - Lionsgate Studios Corp
Tickeron
Ticker: LION
Company: Lionsgate Studios
Gain: +11.19%
Confirmed: 11/26/24
Succeeded: 01/02/25
Total length: 37 days
On November 26, 2024, A.I.dvisor detected a Cup-and-Handle Pattern (Bullish) for Lionsgate Studios Corp (LION, $7.06). On November 26, 2024, A.I.dvisor confirmed the Bullish pattern, setting a target price of $7.76. 37 days later, on January 02, 2025, LION reached the target price resulting in a +1 for traders who took a long position in the stock.

LION in upward trend: price rose above 50-day moving average on January 24, 2025

LION moved above its 50-day moving average on January 24, 2025 date and that indicates a change from a downward trend to an upward trend. In of 15 similar past instances, the stock price increased further within the following month. The odds of a continued upward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on January 27, 2025. You may want to consider a long position or call options on LION as a result. In of 36 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for LION just turned positive on January 28, 2025. Looking at past instances where LION's MACD turned positive, the stock continued to rise in of 21 cases over the following month. The odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where LION advanced for three days, in of 48 cases, the price rose further within the following month. The odds of a continued upward trend are .

Bearish Trend Analysis

The 10-day RSI Indicator for LION moved out of overbought territory on January 07, 2025. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 7 similar instances where the indicator moved out of overbought territory. In of the 7 cases, the stock moved lower in the following days. This puts the odds of a move lower at .

The Stochastic Oscillator has been in the overbought zone for 1 day. Expect a price pull-back in the near future.

The 10-day moving average for LION crossed bearishly below the 50-day moving average on January 22, 2025. This indicates that the trend has shifted lower and could be considered a sell signal. In of 4 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where LION declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

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LION
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