Lifetime Brands Stock Forecast
Lifetime Brands stock price down 1.72% on Tuesday
(Updated on Apr 30, 2024)
The Lifetime Brands stock price fell by -1.72% on the last day (Tuesday, 30th Apr 2024) from $9.30 to $9.14. It has now fallen 4 days in a row. During the last trading day the stock fluctuated 4.02% from a day low at $8.96 to a day high of $9.32. The price has fallen in 6 of the last 10 days and is down by -3.99% for this period. 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 -18 thousand shares and in total, 35 thousand shares were bought and sold for approximately $318.27 thousand.
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 $8.96 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 9.10% during the next 3 months and, with a 90% probability hold a price between $9.78 and $12.20 at the end of this 3-month period.
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LCUT Signals & Forecast
There are few to no technical positive signals at the moment. The Lifetime Brands 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 $9.58 and $9.85. 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 01, 2024, and so far it has fallen -15.92%. 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). 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.
Support, Risk & Stop-loss for Lifetime Brands stock
Lifetime Brands finds support from accumulated volume at $8.86 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 $0.360 between high and low, or 4.02%. For the last week the stock has had daily average volatility of 3.82%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (LCUT) For The Upcoming Trading Day Of Wednesday 1st
For the upcoming trading day on Wednesday, 1st we expect Lifetime Brands to open at $9.14, and during the day (based on 14 day Average True Range), to move between $8.65 and $9.63, which gives a possible trading interval of +/-$0.491 (+/-5.37%) up or down from last closing price. If Lifetime Brands takes out the full calculated possible swing range there will be an estimated 10.75% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $8.86 (3.06%) than the resistance at $9.95 (8.86%), 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
Lifetime Brands will release earnings BMO on Wednesday, May 08, 2024.The consensus among the analysts for the expected earnings (EPS) is -$0.0900. We will update the financials statements for Lifetime Brands, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 9.57% in the first trading day after earnings release.
Is Lifetime Brands stock A Buy?
The Lifetime Brands stock holds several negative signals and despite the positive trend, we believe Lifetime Brands will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.777 Sell Candidate Unchanged
Predicted Opening Price for Lifetime Brands of Wednesday, May 1, 2024
| Fair opening price May 1, 2024 | Current price |
|---|---|
| $9.14 ( 0%) | $9.14 |
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 | 9.50 | 3.94 % | |
| R2 | 9.36 | 2.43 % | ||
| R1 | 9.28 | 1.50 % | ||
| Current price: | 9.14 | |||
| Support | S1 | 9.00 | -1.50 % | |
| S2 | 8.92 | -2.43 % | ||
| S3 | 8.78 | -3.94 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 10.26 | 12.25 % | |
| R2 | 10.20 | 11.60 % | ||
| R1 | 9.95 | 8.86 % | ||
| Current price | 9.14 | |||
| Support | S1 | 8.86 | -3.06% | |
| S2 | 8.78 | -3.94% | ||
| S3 | 8.54 | -6.56% |
LCUT Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 08, 2024 | Apr 30, 2024 | May 15, 2024 | $0.0425 | 0.465% |
| 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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