Loblaw Companies Limited 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
Loblaw Companies Limited stock price ended at $157.48 on Friday, after gaining 1.51%.
(Updated on May 17, 2024)
The Loblaw Companies Limited stock price gained 1.51% on the last trading day (Friday, 17th May 2024), rising from $155.14 to $157.48. During the last trading day the stock fluctuated 1.20% from a day low at $156.03 to a day high of $157.91. The price has risen in 5 of the last 10 days and is up by 2.31% 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, 253 thousand more shares were traded than the day before. In total, 253 thousand shares were bought and sold for approximately $39.83 million.
The stock lies in the middle of a 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 7.55% during the next 3 months and, with a 90% probability hold a price between $162.54 and $172.69 at the end of this 3-month period.
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L.TO Signals & Forecast
The Loblaw Companies Limited 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 $155.85 and $151.79. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 12, 2024, and so far it has risen 7.43%. 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 Thursday, April 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.
Golden Star
The stock had a Golden Star Signal on Thursday, April 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 Loblaw Companies Limited stock
Loblaw Companies Limited finds support from accumulated volume at $150.64 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 with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $1.88 between high and low, or 1.20%. For the last week the stock has had daily average volatility of 0.89%.
Our recommended stop-loss: $149.67 (-4.96%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 25 days ago.)
Trading Expectations (L.TO) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect Loblaw Companies Limited to open at $157.14, and during the day (based on 14 day Average True Range), to move between $155.30 and $159.66, which gives a possible trading interval of +/-$2.18 (+/-1.38%) up or down from last closing price. If Loblaw Companies Limited takes out the full calculated possible swing range there will be an estimated 2.77% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $150.64, some $6.84 (4.34%) from the current price of $157.48, our system finds the risk reward attractive.
Is Loblaw Companies Limited stock A Buy?
Loblaw Companies Limited holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Loblaw Companies Limited of Tuesday, May 21, 2024
Fair opening price May 21, 2024 | Current price |
---|---|
$157.14 ( 0.216%) | $157.48 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for L.TO
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 159.02 | 0.98 % | |
R2 | 158.30 | 0.522 % | ||
R1 | 157.86 | 0.240 % | ||
Current price: | 157.48 | |||
Support | S1 | 156.42 | -0.672 % | |
S2 | 155.98 | -0.95 % | ||
S3 | 155.26 | -1.41 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 0 | . | ||
Current price | 157.48 | |||
Support | S1 | 150.64 | -4.34% | |
S2 | 148.66 | -5.60% | ||
S3 | 148.27 | -5.85% |
L Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jun 14, 2024 | Jun 14, 2024 | Jul 01, 2024 | $0.513 | 0.326% |
2 | Jun 13, 2024 | Jun 13, 2024 | Jun 13, 2024 | $0 | 0% |
3 | Feb 23, 2024 | Mar 14, 2024 | Apr 01, 2024 | $0.446 | 0.296% |
4 | Nov 16, 2023 | Dec 14, 2023 | Dec 30, 2023 | $0.446 | 0.348% |
5 | Jul 26, 2023 | Sep 14, 2023 | Oct 01, 2023 | $0.446 | 0.386% |
FAQ
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