Lamar Advertising Company Stock Forecast
Lamar Advertising Company stock price ended at $113.71 on Monday, after gaining 2.04%.
(Updated on Apr 22, 2024)
The Lamar Advertising Company stock price gained 2.04% on the last trading day (Monday, 22nd Apr 2024), rising from $111.44 to $113.71. 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 3.11% from a day low at $110.95 to a day high of $114.40. The price has risen in 6 of the last 10 days but is still down by -1.37% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 68 thousand more shares were traded than the day before. In total, 333 thousand shares were bought and sold for approximately $37.82 million.
The stock lies in the lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $111.08 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 9.75% during the next 3 months and, with a 90% probability hold a price between $121.91 and $138.49 at the end of this 3-month period.
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LAMR Signals & Forecast
There are mixed signals in the stock today. The Lamar Advertising Company stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $115.49. On a fall, the stock will find some support from the short-term average at $111.52. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Thursday, March 07, 2024, and so far it has fallen -5.70%. 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 is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Lamar Advertising Company stock
Lamar Advertising Company finds support from accumulated volume at $112.83 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $3.45 (3.11%) between high and low. For the last week, the stock has had daily average volatility of 2.29%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (LAMR) For The Upcoming Trading Day Of Tuesday 23rd
For the upcoming trading day on Tuesday, 23rd we expect Lamar Advertising Company to open at $113.02, and during the day (based on 14 day Average True Range), to move between $111.23 and $116.19, which gives a possible trading interval of +/-$2.48 (+/-2.19%) up or down from last closing price. If Lamar Advertising Company takes out the full calculated possible swing range there will be an estimated 4.37% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $112.83 (0.77%) than the resistance at $116.09 (2.09%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Lamar Advertising Company stock A Buy?
Lamar Advertising Company 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.
Current score: -1.805 Sell Candidate Unchanged
Predicted Opening Price for Lamar Advertising Company of Tuesday, April 23, 2024
Fair opening price April 23, 2024 | Current price |
---|---|
$113.02 ( 0.607%) | $113.71 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LAMR
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 116.47 | 2.43 % | |
R2 | 115.15 | 1.27 % | ||
R1 | 114.34 | 0.552 % | ||
Current price: | 113.71 | |||
Support | S1 | 111.70 | -1.77 % | |
S2 | 110.89 | -2.48 % | ||
S3 | 109.57 | -3.64 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 120.58 | 6.04 % | |
R2 | 117.55 | 3.38 % | ||
R1 | 116.09 | 2.09 % | ||
Current price | 113.71 | |||
Support | S1 | 112.83 | -0.774% | |
S2 | 110.08 | -3.19% | ||
S3 | 105.67 | -7.07% |
LAMR Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 22, 2024 | Mar 14, 2024 | Mar 28, 2024 | $1.30 | 1.09% |
2 | Nov 29, 2023 | Dec 15, 2023 | Dec 29, 2023 | $1.25 | 1.18% |
3 | Aug 29, 2023 | Sep 15, 2023 | Sep 29, 2023 | $1.25 | 1.50% |
4 | May 10, 2023 | Jun 15, 2023 | Jun 30, 2023 | $1.25 | 1.26% |
5 | Feb 23, 2023 | Mar 16, 2023 | Mar 31, 2023 | $1.25 | 1.25% |
FAQ
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