RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of LAKE
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High volatility in Lakeland Industries stock price on Thursday which ended trading at $18.30
(Updated on Mar 28, 2024)

Buy candidate since Mar 28, 2024 PDF

The Lakeland Industries stock price gained 12.20% on the last trading day (Thursday, 28th Mar 2024), rising from $16.31 to $18.30. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 12.52% from a day low at $16.31 to a day high of $18.35. The price has risen in 6 of the last 10 days and is up by 17.99% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 61 thousand more shares were traded than the day before. In total, 86 thousand shares were bought and sold for approximately $1.57 million.

The stockhas broken the wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is $18.08, a level that may pose a second chance to hit a runner. According to fan-theory $21.16 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.

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LAKE Signals & Forecast

Mostly positive signals in the chart today. The Lakeland Industries stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $16.09 and $16.77. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, March 12, 2024, and so far it has risen 18.52%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.

Support, Risk & Stop-loss for Lakeland Industries stock

Lakeland Industries finds support from accumulated volume at $18.14 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 $2.04 between high and low, or 12.52%. For the last week, the stock has had daily average volatility of 5.31%.

Our recommended stop-loss: $17.62 (-3.72%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 12 days ago.)

Trading Expectations (LAKE) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Lakeland Industries to open at $17.65, and during the day (based on 14 day Average True Range), to move between $17.58 and $19.02, which gives a possible trading interval of +/-$0.725 (+/-3.96%) up or down from last closing price. If Lakeland Industries takes out the full calculated possible swing range there will be an estimated 7.92% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $18.36 (0.33%) than the support at $18.14 (0.87%), 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 Lakeland Industries stock A Buy?

Several short-term signals are positive and the break-up from the falling trend indicates a possible shift for a trend. We believe that the prices around the breaking point will indicate particularly good levels, but we also believe that the current level will hold a possible good buy level for the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 3.366 Buy Candidate Upgraded

Predicted Opening Price for Lakeland Industries of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$17.65 ( 3.53%) $18.30

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

Trading levels for LAKE

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 19.70 7.63 %
R2 18.92 3.37 %
R1 18.43 0.735 %
Current price: 18.30
Support S1 16.87 -7.79 %
S2 16.39 -10.43 %
S3 15.61 -14.69 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 18.91 3.33 %
R2 18.73 2.35 %
R1 18.36 0.328 %
Current price 18.30
Support S1 18.14 -0.87%
S2 15.98 -12.68%
S3 15.64 -14.54%

LAKE Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Feb 01, 2024 Feb 14, 2024 Feb 22, 2024 $0.0300 0.165%
2 Nov 01, 2023 Nov 14, 2023 Nov 22, 2023 $0.0300 0.214%
3 Aug 01, 2023 Aug 14, 2023 Aug 22, 2023 $0.0300 0.209%
4 May 01, 2023 May 12, 2023 May 22, 2023 $0.0300 0.274%
5 Feb 01, 2023 Feb 14, 2023 Feb 22, 2023 $0.0300 0.195%

FAQ

What is the symbol for Lakeland Industries Stock and on which exchange is it traded?
The symbol for Lakeland Industries is LAKE and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Lakeland Industries Stock?
Several short-term signals are positive and the break-up from the falling trend indicates a possible shift for a trend. We believe that the prices around the breaking point will indicate particularly good levels, but we also believe that the current level will hold a possible good buy level for the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

How to buy Lakeland Industries Stock?
Lakeland Industries Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Lakeland Industries Stock.

What's the current price of Lakeland Industries Stock?
As of the end of day on the 2024-03-28, the price of an Lakeland Industries (LAKE) share was $18.30.

What is the 52-week high and low for Lakeland Industries Stock?
The 52-week high for Lakeland Industries Stock is $19.66 and the 52-week low is $10.74.

What is the market capitalization of Lakeland Industries Stock?
As of the 2024-03-28, the market capitalization of Lakeland Industries is 120.119M.

When is the next earnings date for Lakeland Industries?
The upcoming earnings date for Lakeland Industries is Apr 11, 2024.
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About Lakeland Industries

Lakeland Industries Lakeland Industries, Inc. manufactures and sells industrial protective clothing and accessories for the industrial and public protective clothing market worldwide. It offers limited use/disposable protective clothing, such as coveralls, laboratory coats, shirts, pants, hoods, aprons, sleeves, arm guards, caps, and smocks; high-end chemical protective suits to provide protection from highly concentrated, toxic and/or lethal chemicals, and biologic... LAKE Profile

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