Lincoln National Corporation Stock Forecast

Green day on Friday for Lincoln National Corporation stock after gaining 1.29%
(Updated on May 31, 2024)

LNC Signals & Forecast

Mostly positive signals in the chart today. The Lincoln National Corporation 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 $32.33 and $29.35. 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 22.87%. 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. The stock had a Golden Star Signal on Monday, March 18, 2024 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for Lincoln National Corporation stock

On the downside, the stock finds support just below today's level from accumulated volume at $30.01 and $26.93. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Lincoln National Corporation finds support just below today's level at $30.01. If this is broken, then the next support from accumulated volume will be at $26.93 and $25.92.

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 $0.578 between high and low, or 1.78%. For the last week, the stock has had daily average volatility of 2.40%.

Our recommended stop-loss: $31.89 (-3.32%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 84 and this increases the risk substantially. There is a buy signal from a pivot bottom found 45 days ago.)

Trading Expectations (LNC) For The Upcoming Trading Day Of Monday 3rd

For the upcoming trading day on Monday, 3rd we expect Lincoln National Corporation to open at $32.84, and during the day (based on 14 day Average True Range), to move between $32.21 and $33.77, which gives a possible trading interval of +/-$0.782 (+/-2.37%) up or down from last closing price. If Lincoln National Corporation takes out the full calculated possible swing range there will be an estimated 4.74% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $30.01, some $2.98 (9.03%) from the current price of $32.99, our system finds the risk reward attractive.

Is Lincoln National Corporation stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Lincoln National Corporation stock to perform well in the short-term.

Current score: 4.349 Buy Candidate Unchanged

Predicted Opening Price for Lincoln National Corporation of Monday, June 3, 2024

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