Lamar Advertising Company Stock Forecast
Lamar Advertising Company stock price up 0.0723% on Thursday
(Updated on Apr 18, 2024)
The Lamar Advertising Company stock price gained 0.0723% on the last trading day (Thursday, 18th Apr 2024), rising from $110.64 to $110.72. During the last trading day the stock fluctuated 1.41% from a day low at $110.00 to a day high of $111.55. The price has risen in 6 of the last 10 days but is still down by -3.38% for this period. Volume fell on the last day by -52 thousand shares and in total, 244 thousand shares were bought and sold for approximately $26.99 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
Given the current short-term trend, the stock is expected to rise 10.56% during the next 3 months and, with a 90% probability hold a price between $122.41 and $139.54 at the end of this 3-month period.
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LAMR Signals & Forecast
Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Lamar Advertising Company 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 $111.61 and $115.40. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, March 07, 2024, and so far it has fallen -8.18%. 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).
Support, Risk & Stop-loss for Lamar Advertising Company stock
Lamar Advertising Company finds support from accumulated volume at $110.08 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 $1.55 (1.41%) between high and low. For the last week, the stock has had daily average volatility of 2.37%.
Lamar Advertising Company is oversold on RSI14 (21). 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 (LAMR) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Lamar Advertising Company to open at $110.76, and during the day (based on 14 day Average True Range), to move between $108.25 and $113.19, which gives a possible trading interval of +/-$2.47 (+/-2.23%) up or down from last closing price. If Lamar Advertising Company takes out the full calculated possible swing range there will be an estimated 4.47% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $110.08 (0.58%) than the resistance at $112.83 (1.91%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Lamar Advertising Company stock A Buy?
The Lamar Advertising Company stock holds several negative signals and despite the positive trend, we believe Lamar Advertising Company will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -3.846 Sell Candidate Unchanged
Predicted Opening Price for Lamar Advertising Company of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $110.76 ( 0.0331%) | $110.72 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LAMR
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 112.31 | 1.43 % | |
| R2 | 111.71 | 0.90 % | ||
| R1 | 111.35 | 0.568 % | ||
| Current price: | 110.72 | |||
| Support | S1 | 110.16 | -0.502 % | |
| S2 | 109.80 | -0.83 % | ||
| S3 | 109.21 | -1.37 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 120.58 | 8.91 % | |
| R2 | 116.09 | 4.85 % | ||
| R1 | 112.83 | 1.91 % | ||
| Current price | 110.72 | |||
| Support | S1 | 110.08 | -0.578% | |
| S2 | 109.53 | -1.07% | ||
| S3 | 105.67 | -4.56% |
LAMR Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 22, 2024 | Mar 14, 2024 | Mar 28, 2024 | $1.30 | 1.09% |
| 2 | Nov 29, 2023 | Dec 15, 2023 | Dec 29, 2023 | $1.25 | 1.18% |
| 3 | Aug 29, 2023 | Sep 15, 2023 | Sep 29, 2023 | $1.25 | 1.50% |
| 4 | May 10, 2023 | Jun 15, 2023 | Jun 30, 2023 | $1.25 | 1.26% |
| 5 | Feb 23, 2023 | Mar 16, 2023 | Mar 31, 2023 | $1.25 | 1.25% |
FAQ
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