Lifeway Foods Stock Forecast
Evaluation of Lifeway Foods stock downgraded after the last trading session.
(Updated on Apr 19, 2024)
The Lifeway Foods stock price gained 1.46% on the last trading day (Friday, 19th Apr 2024), rising from $19.12 to $19.40. During the last trading day the stock fluctuated 3.47% from a day low at $19.02 to a day high of $19.68. The price has fallen in 7 of the last 10 days and is down by -4.76% for this period. Volume fell on the last day by -93 thousand shares and in total, 78 thousand shares were bought and sold for approximately $1.51 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a very wide and strong 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 72.20% during the next 3 months and, with a 90% probability hold a price between $24.33 and $38.94 at the end of this 3-month period.
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LWAY Signals & Forecast
The Lifeway Foods stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $20.12. On a fall, the stock will find some support from the long-term average at approximately $16.15. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Tuesday, April 09, 2024, and so far it has fallen -9.30%. 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).
Support, Risk & Stop-loss for Lifeway Foods stock
On the downside, the stock finds support just below today's level from accumulated volume at $17.51 and $17.22. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Lifeway Foods finds support just below today's level at $17.51. If this is broken, then the next support from accumulated volume will be at $17.22 and $16.49.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.660 between high and low, or 3.47%. For the last week, the stock has had daily average volatility of 5.33%.
Our recommended stop-loss: $18.34 (-5.44%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 8 days ago.)
Trading Expectations (LWAY) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect Lifeway Foods to open at $19.37, and during the day (based on 14 day Average True Range), to move between $18.03 and $20.77, which gives a possible trading interval of +/-$1.37 (+/-7.06%) up or down from last closing price. If Lifeway Foods takes out the full calculated possible swing range there will be an estimated 14.12% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $20.37 (5.00%) than the support at $17.51 (9.74%), 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 Lifeway Foods stock A Buy?
Lifeway Foods 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. 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: -0.064 Hold/Accumulate Downgraded
Predicted Opening Price for Lifeway Foods of Monday, April 22, 2024
Fair opening price April 22, 2024 | Current price |
---|---|
$19.37 ( 0.172%) | $19.40 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LWAY
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 20.03 | 3.23 % | |
R2 | 19.77 | 1.93 % | ||
R1 | 19.62 | 1.13 % | ||
Current price: | 19.40 | |||
Support | S1 | 19.11 | -1.47 % | |
S2 | 18.96 | -2.27 % | ||
S3 | 18.71 | -3.57 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 21.39 | 10.26 % | |
R2 | 21.22 | 9.38 % | ||
R1 | 20.37 | 5.00 % | ||
Current price | 19.40 | |||
Support | S1 | 17.51 | -9.74% | |
S2 | 17.22 | -11.24% | ||
S3 | 16.49 | -15.00% |
LWAY Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | May 20, 2013 | May 29, 2013 | Jun 28, 2013 | $0.0800 | 0.461% |
2 | May 03, 2012 | May 25, 2012 | Jun 29, 2012 | $0.0700 | 0.675% |
FAQ
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