Landmark Bancorp Inc. Stock Forecast
Weaker technical forecast for Landmark Bancorp Inc. as stock downgraded to Sell Candidate.
(Updated on Mar 28, 2024)
The Landmark Bancorp Inc. stock price fell by -1.63% on the last day (Thursday, 28th Mar 2024) from $19.60 to $19.28. During the last trading day the stock fluctuated 3.39% from a day low at $19.20 to a day high of $19.85. The price has risen in 6 of the last 10 days and is up by 3.1% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -3 thousand shares and in total, 1 thousand shares were bought and sold for approximately $25.95 thousand.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -5.20% during the next 3 months and, with a 90% probability hold a price between $17.55 and $19.86 at the end of this 3-month period.
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LARK Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, March 14, 2024, and so far it has risen 3.10%. 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 Landmark Bancorp Inc. stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $19.60. On a fall, the stock will find some support from the short-term average at $19.27. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Landmark Bancorp Inc. stock
Landmark Bancorp Inc. finds support from accumulated volume at $19.12 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 controlled movements and therefore the general risk is considered 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 $0.650 between high and low, or 3.39%. For the last week the stock has had daily average volatility of 3.27%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (LARK) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Landmark Bancorp Inc. to open at $19.44, and during the day (based on 14 day Average True Range), to move between $18.62 and $19.94, which gives a possible trading interval of +/-$0.661 (+/-3.43%) up or down from last closing price. If Landmark Bancorp Inc. takes out the full calculated possible swing range there will be an estimated 6.86% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $19.30 (0.10%) than the support at $19.12 (0.83%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Landmark Bancorp Inc. stock A Buy?
Landmark Bancorp Inc. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Sell candidate.
Current score: -3.080 Sell Candidate Downgraded
Predicted Opening Price for Landmark Bancorp Inc. of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$19.44 ( 0.85%) | $19.28 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LARK
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 20.09 | 4.22 % | |
R2 | 19.85 | 2.93 % | ||
R1 | 19.69 | 2.14 % | ||
Current price: | 19.28 | |||
Support | S1 | 19.20 | -0.441 % | |
S2 | 19.04 | -1.24 % | ||
S3 | 18.79 | -2.52 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 20.02 | 3.84 % | |
R2 | 19.62 | 1.76 % | ||
R1 | 19.30 | 0.104 % | ||
Current price | 19.28 | |||
Support | S1 | 19.12 | -0.83% | |
S2 | 18.90 | -1.97% | ||
S3 | 18.70 | -3.01% |
LARK Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jan 31, 2024 | Feb 13, 2024 | Feb 28, 2024 | $0.210 | 1.06% |
2 | Nov 02, 2023 | Nov 30, 2023 | Nov 30, 2023 | $0.200 | 1.05% |
3 | Oct 31, 2023 | Nov 14, 2023 | Nov 29, 2023 | $0.210 | 1.12% |
4 | Aug 08, 2023 | Aug 22, 2023 | Sep 06, 2023 | $0.210 | 1.15% |
5 | May 02, 2023 | May 16, 2023 | May 31, 2023 | $0.210 | 1.07% |
FAQ
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