Lifevantage Corporation Stock Forecast
Is Lifevantage Corporation stock still a buy after falling -6.35% on Tuesday?
(Updated on May 07, 2024)
The Lifevantage Corporation stock price fell by -6.35% on the last day (Tuesday, 7th May 2024) from $6.77 to $6.34. During the last trading day the stock fluctuated 8.67% from a day low at $6.34 to a day high of $6.89. The price has been going up and down for this period, and there has been a -1.01% loss for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -47 thousand shares and in total, 39 thousand shares were bought and sold for approximately $248.36 thousand.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -9.00% during the next 3 months and, with a 90% probability hold a price between $5.07 and $6.15 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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LFVN Signals & Forecast
The Lifevantage 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 $6.30 and $6.33. A breakdown below any of these levels will issue sell signals. 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 Monday, May 06, 2024, and so far it has fallen -6.35%. 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). Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss for Lifevantage Corporation stock
Lifevantage Corporation finds support from accumulated volume at $6.26 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 $0.550 between high and low, or 8.67%. For the last week the stock has had daily average volatility of 5.52%.
Our recommended stop-loss: $5.95 (-6.08%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (LFVN) For The Upcoming Trading Day Of Wednesday 8th
For the upcoming trading day on Wednesday, 8th we expect Lifevantage Corporation to open at $6.52, and during the day (based on 14 day Average True Range), to move between $5.99 and $6.69, which gives a possible trading interval of +/-$0.353 (+/-5.57%) up or down from last closing price. If Lifevantage Corporation takes out the full calculated possible swing range there will be an estimated 11.13% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $6.26 (1.26%) than the resistance at $6.85 (8.04%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Lifevantage Corporation stock A Buy?
Lifevantage Corporation holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, 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: -0.559 Hold/Accumulate Downgraded
Predicted Opening Price for Lifevantage Corporation of Wednesday, May 8, 2024
| Fair opening price May 8, 2024 | Current price |
|---|---|
| $6.52 ( 2.89%) | $6.34 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LFVN
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 7.07 | 11.56 % | |
| R2 | 6.86 | 8.25 % | ||
| R1 | 6.73 | 6.20 % | ||
| Current price: | 6.34 | |||
| Support | S1 | 6.31 | -0.422 % | |
| S2 | 6.18 | -2.47 % | ||
| S3 | 5.97 | -5.78 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 7.00 | 10.41 % | |
| R2 | 6.93 | 9.31 % | ||
| R1 | 6.85 | 8.04 % | ||
| Current price | 6.34 | |||
| Support | S1 | 6.26 | -1.26% | |
| S2 | 6.20 | -2.21% | ||
| S3 | 6.05 | -4.57% |
LFVN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 02, 2024 | May 31, 2024 | Jun 14, 2024 | $0.0400 | 0.630% |
| 2 | Jan 30, 2024 | Feb 29, 2024 | Mar 15, 2024 | $0.0350 | 0.500% |
| 3 | Nov 06, 2023 | Nov 30, 2023 | Dec 15, 2023 | $0.0350 | 0.559% |
| 4 | Aug 23, 2023 | Sep 07, 2023 | Sep 22, 2023 | $0.140 | 2.02% |
| 5 | Apr 27, 2023 | May 31, 2023 | Jun 15, 2023 | $0.0350 | 0.665% |
FAQ
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