LCNB Corporation Stock Forecast
LCNB Corporation stock upgraded from Sell Candidate to Buy Candidate after Thursday trading session.
(Updated on May 02, 2024)
The LCNB Corporation stock price gained 0.696% on the last trading day (Thursday, 2nd May 2024), rising from $14.37 to $14.47. During the last trading day the stock fluctuated 3.64% from a day low at $14.44 to a day high of $14.97. The price has risen in 8 of the last 10 days but is still down by -2.03% for this period. Volume fell on the last day by -9 thousand shares and in total, 18 thousand shares were bought and sold for approximately $257.55 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 lies in the lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $14.25 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 6.09% during the next 3 months and, with a 90% probability hold a price between $15.12 and $17.30 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
LCNB Signals & Forecast
The LCNB Corporation 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 $14.85 and $14.93. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, April 29, 2024, and so far it has fallen -5.73%. Further fall is indicated until a new bottom pivot has been found. 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. Some positive signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for LCNB Corporation stock
LCNB Corporation finds support from accumulated volume at $14.30 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 $0.526 between high and low, or 3.64%. For the last week the stock has had daily average volatility of 3.28%.
Our recommended stop-loss: $13.70 (-5.33%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 3 days ago.)
Trading Expectations (LCNB) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect LCNB Corporation to open at $14.63, and during the day (based on 14 day Average True Range), to move between $13.90 and $15.04, which gives a possible trading interval of +/-$0.565 (+/-3.91%) up or down from last closing price. If LCNB Corporation takes out the full calculated possible swing range there will be an estimated 7.81% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $14.30 (1.17%) than the resistance at $15.28 (5.60%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is LCNB Corporation stock A Buy?
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 1.371 Buy Candidate Upgraded
Predicted Opening Price for LCNB Corporation of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| $14.63 ( 1.09%) | $14.47 |
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 | 15.15 | 4.73 % | |
| R2 | 14.95 | 3.34 % | ||
| R1 | 14.83 | 2.48 % | ||
| Current price: | 14.47 | |||
| Support | S1 | 14.43 | -0.295 % | |
| S2 | 14.30 | -1.15 % | ||
| S3 | 14.10 | -2.54 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 15.68 | 8.36 % | |
| R2 | 15.32 | 5.87 % | ||
| R1 | 15.28 | 5.60 % | ||
| Current price | 14.47 | |||
| Support | S1 | 14.30 | -1.17% | |
| S2 | 14.10 | -2.56% | ||
| S3 | 13.66 | -5.60% |
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
Click here for our free guide on how to buy LCNB Corporation Stock.
