Loblaw Companies Ltd 5.3 % Second Pfd Stock Forecast
Loblaw Companies Ltd 5.3 % Second Pfd stock price ended at $21.50 on Monday, after losing 0%.
(Updated on Jun 24, 2024)
No changes to the price of Loblaw Companies Ltd 5.3 % Second Pfd stock on the last trading day (Monday, 24th Jun 2024). During the last trading day the stock fluctuated 0% from a day low at $21.50 to a day high of $21.50. The price has fallen in 6 of the last 10 days and is down by -2.71% for this period.
The stock is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Loblaw Companies Ltd 5.3 % Second Pfd stock with a 90% probability to be traded between $20.82 and $22.12 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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L-PB.TO Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, June 20, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Loblaw Companies Ltd 5.3 % Second Pfd 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 $21.55 and $21.90. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued. The stock had a Golden Star Signal on Thursday, December 14, 2023 in the long-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.
Golden Star 12 Months
The stock had a Golden Star Signal on Thursday, December 14, 2023 in the long-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 Loblaw Companies Ltd 5.3 % Second Pfd stock
Loblaw Companies Ltd 5.3 % Second Pfd finds support from accumulated volume at $21.40 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 0.498%
Loblaw Companies Ltd 5.3 % Second Pfd is oversold on RSI14 (20). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (L-PB.TO) For The Upcoming Trading Day Of Tuesday 25th
For the upcoming trading day on Tuesday, 25th we expect Loblaw Companies Ltd 5.3 % Second Pfd Shs Series B to open at $21.50, and during the day (based on 14 day Average True Range), to move between $21.33 and $21.67, which gives a possible trading interval of +/-$0.171 (+/-0.79%) up or down from last closing price. If Loblaw Companies Ltd 5.3 % Second Pfd Shs Series B takes out the full calculated possible swing range there will be an estimated 1.59% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $21.40 (0.47%) than the resistance at $21.90 (1.86%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Loblaw Companies Ltd 5.3 % Second Pfd Shs Series B stock A Buy?
Loblaw Companies Ltd 5.3 % Second Pfd holds several negative signals and is within a 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: -1.709 Sell Candidate Unchanged
Predicted Opening Price for Loblaw Companies Ltd 5.3 % Second Pfd Shs Series B of Tuesday, June 25, 2024
Fair opening price June 25, 2024 | Current price |
---|---|
$21.50 ( 0%) | $21.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for L-PB.TO
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 21.50 | - |
R2 | 21.50 | - |
R1 | 21.50 | - |
Price | 21.50 | |
S1 | 21.50 | - |
S2 | 21.50 | - |
S3 | 21.50 | - |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 22.18 | 3.16% |
R2 | 22.10 | 2.79% |
R1 | 21.90 | 1.86% |
Price | 21.50 | |
S1 | 21.40 | -0.465% |
S2 | 21.32 | -0.84% |
S3 | 21.20 | -1.40% |
L-PB Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jun 14, 2024 | Jun 14, 2024 | Jun 30, 2024 | $0.331 | 1.54% |
2 | Jun 13, 2024 | Jun 13, 2024 | Jun 30, 2024 | $0.331 | 1.54% |
3 | Mar 14, 2024 | Mar 14, 2024 | Mar 31, 2024 | $0.331 | 1.47% |
4 | Dec 14, 2023 | Dec 14, 2023 | Dec 31, 2023 | $0.331 | 1.57% |
5 | Sep 14, 2023 | Sep 14, 2023 | Sep 30, 2023 | $0.331 | 1.62% |
FAQ
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