LyondellBasell Industries NV Stock Forecast
LyondellBasell Industries NV stock price ended at $100.59 on Monday, after losing 0.149%.
(Updated on Apr 22, 2024)
The LyondellBasell Industries NV stock price fell by -0.149% on the last day (Monday, 22nd Apr 2024) from $100.74 to $100.59. During the last trading day the stock fluctuated 1.49% from a day low at $99.65 to a day high of $101.13. The price has fallen in 7 of the last 10 days and is down by -3.12% for this period. 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 -48 thousand shares and in total, 1 million shares were bought and sold for approximately $115.43 million.
The stock lies in the lower part of a weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $99.71 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 9.62% during the next 3 months and, with a 90% probability hold a price between $109.30 and $118.22 at the end of this 3-month period.
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LYB Signals & Forecast
There are mixed signals in the stock today. The LyondellBasell Industries NV 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 $101.51. On a fall, the stock will find some support from the short-term average at $100.22. 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 Wednesday, April 03, 2024, and so far it has fallen -4.98%. 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 together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for LyondellBasell Industries NV stock
LyondellBasell Industries NV finds support from accumulated volume at $100.53 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 $1.49 (1.49%) between high and low. For the last week, the stock has had daily average volatility of 1.48%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (LYB) For The Upcoming Trading Day Of Tuesday 23rd
For the upcoming trading day on Tuesday, 23rd we expect LyondellBasell Industries NV to open at $100.46, and during the day (based on 14 day Average True Range), to move between $98.85 and $102.33, which gives a possible trading interval of +/-$1.74 (+/-1.73%) up or down from last closing price. If LyondellBasell Industries NV takes out the full calculated possible swing range there will be an estimated 3.46% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $100.53 (0.06%) than the resistance at $101.14 (0.55%), 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
LyondellBasell Industries NV will release earnings BMO on Friday, April 26, 2024.The consensus among the analysts for the expected earnings (EPS) is $1.48. We will update the financials statements for LyondellBasell Industries NV, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 4.25% in the first trading day after earnings release.
Is LyondellBasell Industries NV stock A Buy?
LyondellBasell Industries NV 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: -2.554 Sell Candidate Unchanged
Predicted Opening Price for LyondellBasell Industries NV of Tuesday, April 23, 2024
| Fair opening price April 23, 2024 | Current price |
|---|---|
| $100.46 ( 0.134%) | $100.59 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LYB
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 101.94 | 1.34 % | |
| R2 | 101.37 | 0.778 % | ||
| R1 | 101.02 | 0.430 % | ||
| Current price: | 100.59 | |||
| Support | S1 | 99.89 | -0.698 % | |
| S2 | 99.54 | -1.05 % | ||
| S3 | 98.97 | -1.61 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 101.71 | 1.11 % | |
| R2 | 101.66 | 1.06 % | ||
| R1 | 101.14 | 0.547 % | ||
| Current price | 100.59 | |||
| Support | S1 | 100.53 | -0.0596% | |
| S2 | 99.91 | -0.676% | ||
| S3 | 94.47 | -6.08% |
LYB Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 23, 2024 | Mar 01, 2024 | Mar 11, 2024 | $1.25 | 1.24% |
| 2 | Nov 17, 2023 | Nov 24, 2023 | Dec 04, 2023 | $1.25 | 1.33% |
| 3 | Aug 18, 2023 | Aug 25, 2023 | Sep 05, 2023 | $1.25 | 1.27% |
| 4 | May 19, 2023 | May 26, 2023 | Jun 06, 2023 | $1.25 | 1.40% |
| 5 | Feb 24, 2023 | Mar 03, 2023 | Jun 06, 2023 | $1.19 | 1.34% |
FAQ
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