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 LANC
Powered by GPT-4
Upgraded!
Stock Analysis
Risk Assessment
Trading Strategy

Lancaster Colony Corporation stock downgraded from Strong Buy Candidate to Buy Candidate after Thursday trading session.
(Updated on Mar 28, 2024)

Buy or Hold candidate since Jan 12, 2024 Gain 20.93% PDF

The Lancaster Colony Corporation stock price gained 0.270% on the last trading day (Thursday, 28th Mar 2024), rising from $207.07 to $207.63. It has now gained 3 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 1.02% from a day low at $206.96 to a day high of $209.08. The price has risen in 7 of the last 10 days and is up by 3.74% over the past 2 weeks. Volume fell on the last day by -39 thousand shares and in total, 74 thousand shares were bought and sold for approximately $15.41 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 has broken the wide and strong rising short-term trend down. This signalizes a slower rate of rising, but may also be an early warning about a possible trend shift. Due to the trend being broken there will now be resistance at the bottom line of the trend at $211.55. A reaction back to this level may hold a second chance to get out before further falls.

Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.

LANC Signals & Forecast

The Lancaster Colony Corporation stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $205.28 and $200.06. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, February 07, 2024, and so far it has risen 10.65%. Further rise is indicated until a new top pivot has been found. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Lancaster Colony Corporation stock

Lancaster Colony Corporation finds support from accumulated volume at $204.04 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $2.12 between high and low, or 1.02%. For the last week the stock has had daily average volatility of 1.55%.

Our recommended stop-loss: $200.57 (-3.40%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 35 days ago.)

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

For the upcoming trading day on Monday, 1st we expect Lancaster Colony Corporation to open at $207.89, and during the day (based on 14 day Average True Range), to move between $203.77 and $211.49, which gives a possible trading interval of +/-$3.86 (+/-1.86%) up or down from last closing price. If Lancaster Colony Corporation takes out the full calculated possible swing range there will be an estimated 3.72% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $204.04, some $3.59 (1.73%) from the current price of $207.63, our system finds the risk reward attractive.

Is Lancaster Colony Corporation stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Lancaster Colony Corporation stock to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.

Current score: 4.531 Buy Candidate Downgraded

Predicted Opening Price for Lancaster Colony Corporation of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$207.89 ( 0.125%) $207.63

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

Trading levels for LANC

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 210.01 1.15 %
R2 209.20 0.756 %
R1 208.70 0.515 %
Current price: 207.63
Support S1 207.08 -0.265 %
S2 206.58 -0.506 %
S3 205.77 -0.90 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 0 .
Current price 207.63
Support S1 204.04 -1.73%
S2 198.20 -4.54%
S3 183.78 -11.49%

LANC Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Feb 14, 2024 Mar 06, 2024 Mar 29, 2024 $0.90 0.433%
2 Nov 08, 2023 Dec 01, 2023 Dec 29, 2023 $0.90 0.541%
3 Aug 16, 2023 Sep 07, 2023 Sep 29, 2023 $0.85 0.515%
4 May 18, 2023 Jun 08, 2023 Jun 30, 2023 $0.85 0.423%
5 Feb 22, 2023 Mar 08, 2023 Jun 30, 2023 $0.85 0.423%

FAQ

What is the symbol for Lancaster Colony Corporation Stock and on which exchange is it traded?
The symbol for Lancaster Colony Corporation is LANC and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Lancaster Colony Corporation Stock?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Lancaster Colony Corporation stock to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.

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

What's the current price of Lancaster Colony Corporation Stock?
As of the end of day on the 2024-03-28, the price of an Lancaster Colony Corporation (LANC) share was $207.63.

What is the 52-week high and low for Lancaster Colony Corporation Stock?
The 52-week high for Lancaster Colony Corporation Stock is $220.65 and the 52-week low is $158.88.

What is the market capitalization of Lancaster Colony Corporation Stock?
As of the 2024-03-28, the market capitalization of Lancaster Colony Corporation is 5.714B.

When is the next earnings date for Lancaster Colony Corporation?
The upcoming earnings date for Lancaster Colony Corporation is May 02, 2024.
Click to get the best stock tips daily for free!

About Lancaster Colony Corporation

Lancaster Colony Lancaster Colony Corporation manufactures and markets food products for the retail and foodservice markets in the United States. The company operates in two segments, Retail and Foodservice. It offers frozen garlic bread under the New York BRAND Bakery; frozen Parkerhouse style yeast and dinner rolls under the Sister Schubert's brand; salad dressings under the Marzetti, Cardini's, and Girard's; flatbread wraps and pizza crusts under the Flatout b... LANC Profile

Top Fintech Company

StockInvest.us featured in The Global Fintech Index 2020 as the top Fintech company of the country.

Full report by FINDEXABLE

ROCKIT