LCNB Corporation Stock Forecast
Green day on Friday for LCNB Corporation
(Updated on Apr 19, 2024)
The LCNB Corporation stock price gained 1.35% on the last trading day (Friday, 19th Apr 2024), rising from $14.77 to $14.97. During the last trading day the stock fluctuated 2.10% from a day low at $14.73 to a day high of $15.04. The price has risen in 7 of the last 10 days and is up by 0.74% over the past 2 weeks. Volume fell on the last day by -20 thousand shares and in total, 25 thousand shares were bought and sold for approximately $379.59 thousand. 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.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect LCNB Corporation stock with a 90% probability to be traded between $13.89 and $16.15 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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LCNB Signals & Forecast
The LCNB Corporation stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $14.53 and $14.80. 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 6.62%. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Support, Risk & Stop-loss for LCNB Corporation stock
LCNB Corporation finds support from accumulated volume at $14.77 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.310 between high and low, or 2.10%. For the last week the stock has had daily average volatility of 3.45%.
Our recommended stop-loss: $14.44 (-3.53%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 5 days ago.)
Trading Expectations (LCNB) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect LCNB Corporation to open at $14.91, and during the day (based on 14 day Average True Range), to move between $14.45 and $15.49, which gives a possible trading interval of +/-$0.523 (+/-3.49%) up or down from last closing price. If LCNB Corporation takes out the full calculated possible swing range there will be an estimated 6.98% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $14.77 (1.34%) than the resistance at $15.28 (2.07%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
LCNB Corporation will release earnings BMO on Monday, April 22, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.360. We will update the financials statements for LCNB Corporation, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 3.60% in the first trading day after earnings release.
Is LCNB Corporation stock A Buy?
LCNB Corporation 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: -0.324 Hold/Accumulate Unchanged
Predicted Opening Price for LCNB Corporation of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| $14.91 ( 0.379%) | $14.97 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LCNB
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 15.22 | 1.69 % | |
| R2 | 15.10 | 0.90 % | ||
| R1 | 15.03 | 0.413 % | ||
| Current price: | 14.97 | |||
| Support | S1 | 14.79 | -1.17 % | |
| S2 | 14.72 | -1.66 % | ||
| S3 | 14.60 | -2.45 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 15.68 | 4.74 % | |
| R2 | 15.32 | 2.34 % | ||
| R1 | 15.28 | 2.07 % | ||
| Current price | 14.97 | |||
| Support | S1 | 14.77 | -1.34% | |
| S2 | 14.30 | -4.48% | ||
| S3 | 13.66 | -8.75% |
LCNB Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 16, 2024 | Feb 29, 2024 | Mar 15, 2024 | $0.220 | 1.40% |
| 2 | Nov 20, 2023 | Nov 30, 2023 | Dec 15, 2023 | $0.220 | 1.29% |
| 3 | Aug 21, 2023 | Aug 31, 2023 | Sep 15, 2023 | $0.210 | 1.34% |
| 4 | May 10, 2023 | May 31, 2023 | Jun 15, 2023 | $0.210 | 1.39% |
| 5 | Jan 23, 2023 | Feb 28, 2023 | Mar 15, 2023 | $0.210 | 1.33% |
FAQ
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