LCNB Corporation Stock Forecast
LCNB Corporation stock downgraded from Hold/Accumulate to Sell Candidate after Tuesday trading session.
(Updated on Apr 23, 2024)
The LCNB Corporation stock price gained 0.794% on the last trading day (Tuesday, 23rd Apr 2024), rising from $15.11 to $15.23. 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 4.80% from a day low at $14.91 to a day high of $15.62. The price has risen in 7 of the last 10 days and is up by 1.26% over the past 2 weeks. Volume fell on the last day by -5 thousand shares and in total, 22 thousand shares were bought and sold for approximately $330.40 thousand. 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 wide and weak 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 2.23% during the next 3 months and, with a 90% probability hold a price between $14.20 and $16.39 at the end of this 3-month period.
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LCNB Signals & Forecast
The LCNB Corporation 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 $14.80 and $14.87. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 12, 2024, and so far it has risen 8.48%. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Support, Risk & Stop-loss for LCNB Corporation stock
LCNB Corporation finds support from accumulated volume at $14.77 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 $0.715 between high and low, or 4.80%. For the last week the stock has had daily average volatility of 3.99%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (LCNB) For The Upcoming Trading Day Of Wednesday 24th
For the upcoming trading day on Wednesday, 24th we expect LCNB Corporation to open at $15.25, and during the day (based on 14 day Average True Range), to move between $14.69 and $15.77, which gives a possible trading interval of +/-$0.540 (+/-3.55%) up or down from last closing price. If LCNB Corporation takes out the full calculated possible swing range there will be an estimated 7.09% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $15.28 (0.33%) than the support at $14.77 (3.02%), 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 LCNB Corporation stock A Buy?
LCNB Corporation holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.431 Sell Candidate Downgraded
Predicted Opening Price for LCNB Corporation of Wednesday, April 24, 2024
| Fair opening price April 24, 2024 | Current price |
|---|---|
| $15.25 ( 0.142%) | $15.23 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LCNB
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 15.97 | 4.84 % | |
| R2 | 15.69 | 3.04 % | ||
| R1 | 15.52 | 1.94 % | ||
| Current price: | 15.23 | |||
| Support | S1 | 14.98 | -1.65 % | |
| S2 | 14.81 | -2.76 % | ||
| S3 | 14.54 | -4.55 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 15.68 | 2.95 % | |
| R2 | 15.32 | 0.591 % | ||
| R1 | 15.28 | 0.328 % | ||
| Current price | 15.23 | |||
| Support | S1 | 14.77 | -3.02% | |
| S2 | 14.30 | -6.11% | ||
| S3 | 13.66 | -10.31% |
LCNB Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 16, 2024 | Feb 29, 2024 | Mar 15, 2024 | $0.220 | 1.40% |
| 2 | Nov 20, 2023 | Nov 30, 2023 | Dec 15, 2023 | $0.220 | 1.29% |
| 3 | Aug 21, 2023 | Aug 31, 2023 | Sep 15, 2023 | $0.210 | 1.34% |
| 4 | May 10, 2023 | May 31, 2023 | Jun 15, 2023 | $0.210 | 1.39% |
| 5 | Jan 23, 2023 | Feb 28, 2023 | Mar 15, 2023 | $0.210 | 1.33% |
FAQ
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