Lazard Ltd Stock Forecast
Weaker technical forecast for Lazard Ltd as stock downgraded to Sell Candidate.
(Updated on Apr 24, 2024)
The Lazard Ltd stock price fell by -0.83% on the last day (Wednesday, 24th Apr 2024) from $39.63 to $39.30. During the last trading day the stock fluctuated 2.66% from a day low at $38.49 to a day high of $39.51. The price has been going up and down for this period, and there has been a -1.43% loss for the last 2 weeks. Volume has increased on the last day by 373 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 1 million shares were bought and sold for approximately $43.27 million.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Lazard Ltd stock with a 90% probability to be traded between $37.46 and $42.30 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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LAZ Signals & Forecast
There are few to no technical positive signals at the moment. The Lazard Ltd 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 $39.50. On a fall, the stock will find some support from the short-term average at $38.25. 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 Tuesday, April 23, 2024, and so far it has fallen -0.83%. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Lazard Ltd stock
Lazard Ltd finds support from accumulated volume at $38.98 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 $1.03 between high and low, or 2.66%. For the last week, the stock has had daily average volatility of 2.67%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (LAZ) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Lazard Ltd to open at $39.10, and during the day (based on 14 day Average True Range), to move between $38.15 and $40.45, which gives a possible trading interval of +/-$1.15 (+/-2.91%) up or down from last closing price. If Lazard Ltd takes out the full calculated possible swing range there will be an estimated 5.83% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $38.98 (0.81%) than the resistance at $39.76 (1.17%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Lazard Ltd will release earnings BMO on Thursday, April 25, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.580. We will update the financials statements for Lazard Ltd, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 6.23% in the first trading day after earnings release.
Is Lazard Ltd stock A Buy?
Lazard Ltd holds several negative signals and is within a wide and falling trend, so we believe 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 Buy to a Sell candidate.
Current score: -2.691 Sell Candidate Downgraded
Predicted Opening Price for Lazard Ltd of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| $39.10 ( 0.513%) | $39.30 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LAZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 40.12 | 2.09 % | |
| R2 | 39.73 | 1.10 % | ||
| R1 | 39.49 | 0.483 % | ||
| Current price: | 39.30 | |||
| Support | S1 | 38.71 | -1.51 % | |
| S2 | 38.46 | -2.12 % | ||
| S3 | 38.07 | -3.12 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 40.15 | 2.16 % | |
| R2 | 39.80 | 1.27 % | ||
| R1 | 39.76 | 1.17 % | ||
| Current price | 39.30 | |||
| Support | S1 | 38.98 | -0.81% | |
| S2 | 38.90 | -1.02% | ||
| S3 | 38.55 | -1.91% |
LAZ Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 01, 2024 | Feb 09, 2024 | Feb 23, 2024 | $0.500 | 1.30% |
| 2 | Oct 25, 2023 | Nov 03, 2023 | Nov 17, 2023 | $0.500 | 1.86% |
| 3 | Jul 26, 2023 | Aug 04, 2023 | Aug 18, 2023 | $0.500 | 1.49% |
| 4 | Apr 26, 2023 | May 05, 2023 | May 19, 2023 | $0.500 | 1.77% |
| 5 | Feb 01, 2023 | Feb 10, 2023 | Feb 24, 2023 | $0.500 | 1.36% |
FAQ
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