Lehman ABS Corporation Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Lehman ABS Corporation stock price down 0.216% on Wednesday
(Updated on May 01, 2024)
The Lehman ABS Corporation stock price fell by -0.216% on the last day (Wednesday, 1st May 2024) from $27.70 to $27.64. During the last trading day the stock fluctuated 0.99% from a day low at $27.40 to a day high of $27.67. The price has fallen in 6 of the last 10 days and is down by -3.59% for this period. Volume has increased on the last day by 3 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, 4 thousand shares were bought and sold for approximately $116.06 thousand.
The stock has broken the narrow and horizontal trend down. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately $28.13 is considered to be a "second chance" to get out before further fall. It is, however, important to note that false breaks may appear and that the price may move back into the horizontal trend. A break on increasing volume is considered to be more significant and reliable than breaks on low volume.
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KTH Signals & Forecast
There are few to no technical positive signals at the moment. The Lehman ABS Corporation stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $28.13 and $28.65. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, April 24, 2024, and so far it has fallen -3.56%. 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). Lehman ABS Corporation 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 Lehman ABS Corporation stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.270 between high and low, or 0.99%. For the last week the stock has had daily average volatility of 1.12%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (KTH) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect Lehman ABS Corporation to open at $27.57, and during the day (based on 14 day Average True Range), to move between $27.35 and $27.93, which gives a possible trading interval of +/-$0.285 (+/-1.03%) up or down from last closing price. If Lehman ABS Corporation takes out the full calculated possible swing range there will be an estimated 2.07% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $28.43, some $0.789 (2.86%) from the current price of $27.64, our system finds the risk reward not very attractive.
Is Lehman ABS Corporation stock A Buy?
Lehman ABS Corporation holds several negative signals and is within a narrow 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.
Current score: -3.828 Sell Candidate Unchanged
Predicted Opening Price for Lehman ABS Corporation of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| $27.57 ( 0.253%) | $27.64 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KTH
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 27.84 | 0.724 % | |
| R2 | 27.74 | 0.350 % | ||
| R1 | 27.67 | 0.120 % | ||
| Current price: | 27.64 | |||
| Support | S1 | 27.47 | -0.626 % | |
| S2 | 27.40 | -0.86 % | ||
| S3 | 27.30 | -1.23 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 28.71 | 3.87 % | |
| R2 | 28.47 | 3.00 % | ||
| R1 | 28.43 | 2.86 % | ||
| Current price | 27.64 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
KTH Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 26, 2024 | Apr 26, 2024 | Apr 30, 2024 | $1.00 | 3.61% |
| 2 | Oct 27, 2023 | Oct 27, 2023 | Nov 18, 2023 | $1.01 | 3.60% |
| 3 | Jul 26, 2023 | Apr 27, 2023 | Apr 30, 2023 | $0.99 | 3.32% |
| 4 | Oct 27, 2022 | Oct 27, 2022 | Oct 31, 2022 | $1.01 | 3.52% |
| 5 | Apr 28, 2022 | Apr 28, 2022 | Apr 30, 2022 | $1.00 | 3.21% |
FAQ
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