LSI Industries Inc. Stock Forecast
Green day on Monday for LSI Industries Inc.
(Updated on May 06, 2024)
The LSI Industries Inc. stock price gained 0.262% on the last trading day (Monday, 6th May 2024), rising from $15.28 to $15.32. It has now gained 4 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 2.49% from a day low at $15.25 to a day high of $15.63. The price has risen in 7 of the last 10 days and is up by 5.51% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 15 thousand more shares were traded than the day before. In total, 116 thousand shares were bought and sold for approximately $1.77 million.
The stock lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 6.08% during the next 3 months and, with a 90% probability hold a price between $15.03 and $16.90 at the end of this 3-month period.
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LYTS Signals & Forecast
Mostly positive signals in the chart today. The LSI Industries Inc. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $14.95 and $14.82. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 9.66%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy 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 LSI Industries Inc. stock
LSI Industries Inc. finds support from accumulated volume at $15.18 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 $0.380 (2.49%) between high and low. For the last week, the stock has had daily average volatility of 2.78%.
Our recommended stop-loss: $14.66 (-4.33%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 13 days ago.)
Trading Expectations (LYTS) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect LSI Industries Inc. to open at $15.40, and during the day (based on 14 day Average True Range), to move between $14.86 and $15.78, which gives a possible trading interval of +/-$0.458 (+/-2.99%) up or down from last closing price. If LSI Industries Inc. takes out the full calculated possible swing range there will be an estimated 5.98% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $15.18 (0.91%) than the resistance at $15.47 (0.98%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is LSI Industries Inc. stock A Buy?
LSI Industries Inc. holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.
Current score: 7.420 Strong Buy Candidate Unchanged
Predicted Opening Price for LSI Industries Inc. of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| $15.40 ( 0.522%) | $15.32 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LYTS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 15.78 | 3.00 % | |
| R2 | 15.63 | 2.06 % | ||
| R1 | 15.55 | 1.47 % | ||
| Current price: | 15.32 | |||
| Support | S1 | 15.25 | -0.425 % | |
| S2 | 15.17 | -1.01 % | ||
| S3 | 15.02 | -1.96 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 15.47 | 0.98 % | ||
| Current price | 15.32 | |||
| Support | S1 | 15.18 | -0.91% | |
| S2 | 14.07 | -8.16% | ||
| S3 | 14.03 | -8.42% |
LYTS Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 25, 2024 | May 03, 2024 | May 14, 2024 | $0.0500 | 0.326% |
| 2 | Jan 25, 2024 | Feb 02, 2024 | Feb 13, 2024 | $0.0500 | 0.364% |
| 3 | Nov 01, 2023 | Nov 10, 2023 | Nov 21, 2023 | $0.0500 | 0.379% |
| 4 | Aug 16, 2023 | Aug 25, 2023 | Sep 05, 2023 | $0.0500 | 0.317% |
| 5 | Apr 21, 2023 | May 05, 2023 | May 16, 2023 | $0.0500 | 0.406% |
FAQ
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