RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of LC
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LendingClub Corporation stock upgraded from Hold/Accumulate to Buy Candidate after Thursday trading session.
(Updated on Mar 28, 2024)

Buy or Hold candidate since Mar 21, 2024 Gain 2.81% PDF

The LendingClub Corporation stock price gained 1.27% on the last trading day (Thursday, 28th Mar 2024), rising from $8.68 to $8.79. During the last trading day the stock fluctuated 4.22% from a day low at $8.65 to a day high of $9.02. The price has fallen in 6 of the last 10 days but is still up by 13.13% 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, 1 million more shares were traded than the day before. In total, 2 million shares were bought and sold for approximately $18.34 million.

The stockhas broken the wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is $8.73, a level that may pose a second chance to hit a runner. According to fan-theory $10.14 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.

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LC Signals & Forecast

Mostly positive signals in the chart today. The LendingClub Corporation 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 $8.51 and $8.25. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, March 19, 2024, and so far it has risen 14.01%. 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.

Buy
Special Signal Notification

Double Bottom Formation

Double Bottom Formation A buy signal from a double bottom formation was found on Tuesday, March 19, 2024 and based on theory for this formation the price should go up by 3.68% to $9.11 within 42 trading days since signal was issued (Monday, April 01, 2024).

Support, Risk & Stop-loss for LendingClub Corporation stock

LendingClub Corporation finds support from accumulated volume at $8.74 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.365 between high and low, or 4.22%. For the last week, the stock has had daily average volatility of 3.09%.

Our recommended stop-loss: $8.47 (-3.64%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 7 days ago.)

Trading Expectations (LC) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect LendingClub Corporation to open at $8.82, and during the day (based on 14 day Average True Range), to move between $8.48 and $9.10, which gives a possible trading interval of +/-$0.306 (+/-3.48%) up or down from last closing price. If LendingClub Corporation takes out the full calculated possible swing range there will be an estimated 6.96% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $8.74 (0.57%) than the resistance at $9.00 (2.39%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is LendingClub Corporation stock A Buy?

Several short-term signals are positive and the break-up from the falling trend indicates a possible shift for a trend. We believe that the prices around the breaking point will indicate particularly good levels, but we also believe that the current level will hold a possible good buy level for the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 1.632 Buy Candidate Upgraded

Predicted Opening Price for LendingClub Corporation of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$8.82 ( 0.322%) $8.79

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for LC

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 9.18 4.47 %
R2 9.04 2.89 %
R1 8.96 1.91 %
Current price: 8.79
Support S1 8.68 -1.26 %
S2 8.59 -2.24 %
S3 8.45 -3.83 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 9.04 2.84 %
R2 9.02 2.62 %
R1 9.00 2.39 %
Current price 8.79
Support S1 8.74 -0.569%
S2 8.68 -1.25%
S3 8.66 -1.48%

FAQ

What is the symbol for LendingClub Corporation Stock and on which exchange is it traded?
The symbol for LendingClub Corporation is LC and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell LendingClub Corporation Stock?
Several short-term signals are positive and the break-up from the falling trend indicates a possible shift for a trend. We believe that the prices around the breaking point will indicate particularly good levels, but we also believe that the current level will hold a possible good buy level for the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

How to buy LendingClub Corporation Stock?
LendingClub Corporation Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy LendingClub Corporation Stock.

What's the current price of LendingClub Corporation Stock?
As of the end of day on the 2024-03-28, the price of an LendingClub Corporation (LC) share was $8.79.

What is the 52-week high and low for LendingClub Corporation Stock?
The 52-week high for LendingClub Corporation Stock is $10.92 and the 52-week low is $4.73.

What is the market capitalization of LendingClub Corporation Stock?
As of the 2024-03-28, the market capitalization of LendingClub Corporation is 970.513M.

When is the next earnings date for LendingClub Corporation?
The upcoming earnings date for LendingClub Corporation is Apr 24, 2024.
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About LendingClub Corporation

LendingClub LendingClub Corporation, operates as a bank holding company for LendingClub Bank, National Association that provides range of financial products and services through a technology-driven platform in the United States. The company provides commercial and industrial, commercial real estate, small business, and equipment loans, as well as leases equipment; and unsecured personal and auto, patient finance, and education finance loans. It also operates... LC Profile

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