Lifetime Brands Stock Forecast

High volatility in Lifetime Brands stock price on Wednesday which ended trading at $9.29
(Updated on Apr 17, 2024)

LCUT Signals & Forecast

There are few to no technical positive signals at the moment. The Lifetime Brands stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $9.96 and $9.92. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, April 01, 2024, and so far it has fallen -14.54%. 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). Lifetime Brands gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".

Support, Risk & Stop-loss for Lifetime Brands stock

Lifetime Brands finds support from accumulated volume at $8.86 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 $0.91 between high and low, or 10.10%. For the last week, the stock has had daily average volatility of 6.72%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (LCUT) For The Upcoming Trading Day Of Thursday 18th

For the upcoming trading day on Thursday, 18th we expect Lifetime Brands to open at $9.41, and during the day (based on 14 day Average True Range), to move between $8.72 and $9.86, which gives a possible trading interval of +/-$0.573 (+/-6.16%) up or down from last closing price. If Lifetime Brands takes out the full calculated possible swing range there will be an estimated 12.33% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $8.86 (4.63%) than the resistance at $9.95 (7.10%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Lifetime Brands stock A Buy?

The Lifetime Brands stock holds several negative signals and despite the positive trend, we believe Lifetime Brands will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -2.627 Sell Candidate Unchanged

Predicted Opening Price for Lifetime Brands of Thursday, April 18, 2024

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