Lifetime Brands Stock Forecast
Lifetime Brands stock downgraded from Buy Candidate to Hold/Accumulate after Wednesday trading session.
(Updated on Apr 24, 2024)
The Lifetime Brands stock price gained 0.603% on the last trading day (Wednesday, 24th Apr 2024), rising from $9.95 to $10.01. During the last trading day the stock fluctuated 3.61% from a day low at $9.70 to a day high of $10.05. The price has risen in 6 of the last 10 days but is still down by -1.57% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 8 thousand more shares were traded than the day before. In total, 39 thousand shares were bought and sold for approximately $394.00 thousand.
The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 17.34% during the next 3 months and, with a 90% probability hold a price between $10.84 and $13.29 at the end of this 3-month period.
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LCUT Signals & Forecast
The Lifetime Brands 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 $9.59 and $9.90. A breakdown below any of these levels will issue sell signals. Lifetime Brands has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Monday, April 01, 2024, and so far it has fallen -7.91%. 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 Lifetime Brands stock
Lifetime Brands finds support from accumulated volume at $9.95 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 $0.350 between high and low, or 3.61%. For the last week, the stock has had daily average volatility of 4.00%.
Our recommended stop-loss: $9.54 (-4.69%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 17 days ago.)
Trading Expectations (LCUT) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Lifetime Brands to open at $9.92, and during the day (based on 14 day Average True Range), to move between $9.48 and $10.54, which gives a possible trading interval of +/-$0.529 (+/-5.28%) up or down from last closing price. If Lifetime Brands takes out the full calculated possible swing range there will be an estimated 10.57% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $9.95 (0.60%) than the resistance at $10.20 (1.90%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Lifetime Brands stock A Buy?
Lifetime Brands 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. 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 Hold/Accumulate candidate.
Current score: -0.486 Hold/Accumulate Downgraded
Predicted Opening Price for Lifetime Brands of Thursday, April 25, 2024
Fair opening price April 25, 2024 | Current price |
---|---|
$9.92 ( 0.90%) | $10.01 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LCUT
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 10.27 | 2.60 % | |
R2 | 10.14 | 1.26 % | ||
R1 | 10.05 | 0.437 % | ||
Current price: | 10.01 | |||
Support | S1 | 9.79 | -2.23 % | |
S2 | 9.70 | -3.06 % | ||
S3 | 9.57 | -4.40 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 10.33 | 3.20 % | |
R2 | 10.26 | 2.50 % | ||
R1 | 10.20 | 1.90 % | ||
Current price | 10.01 | |||
Support | S1 | 9.95 | -0.599% | |
S2 | 8.86 | -11.49% | ||
S3 | 8.54 | -14.69% |
LCUT Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 08, 2024 | Apr 30, 2024 | May 15, 2024 | $0.0425 | 0.425% |
2 | Nov 07, 2023 | Jan 31, 2024 | Feb 15, 2024 | $0.0400 | 0.399% |
3 | Aug 02, 2023 | Oct 31, 2023 | Nov 15, 2023 | $0.0425 | 0.656% |
4 | Jun 22, 2023 | Jul 31, 2023 | Aug 15, 2023 | $0.0430 | 0.626% |
5 | Mar 08, 2023 | Apr 28, 2023 | May 15, 2023 | $0.0430 | 0.85% |
FAQ
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