Lifetime Brands Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Lifetime Brands stock upgraded from Sell Candidate to Hold/Accumulate after Wednesday trading session.
(Updated on May 01, 2024)
The Lifetime Brands stock price fell by -0.88% on the last day (Wednesday, 1st May 2024) from $9.14 to $9.06. It has now fallen 5 days in a row. During the last trading day the stock fluctuated 2.94% from a day low at $9.01 to a day high of $9.28. The price has fallen in 6 of the last 10 days and is down by -2.48% for this period. Volume has increased on the last day by 4 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 39 thousand shares were bought and sold for approximately $353.94 thousand.
The stock lies in the lower part of a very 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 $8.88 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 6.40% during the next 3 months and, with a 90% probability hold a price between $9.45 and $11.82 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 $9.52 and $9.83. 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 -16.65%. 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). Lifetime Brands gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
Support, Risk & Stop-loss for Lifetime Brands stock
Lifetime Brands finds support from accumulated volume at $9.04 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 $0.265 between high and low, or 2.94%. For the last week, the stock has had daily average volatility of 3.69%.
Our recommended stop-loss: $8.69 (-4.05%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 22 days ago.)
Trading Expectations (LCUT) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect Lifetime Brands to open at $9.12, and during the day (based on 14 day Average True Range), to move between $8.59 and $9.53, which gives a possible trading interval of +/-$0.474 (+/-5.24%) up or down from last closing price. If Lifetime Brands takes out the full calculated possible swing range there will be an estimated 10.47% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $9.04 (0.22%) than the resistance at $9.95 (9.82%), 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?
Lifetime Brands holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.930 Hold/Accumulate Upgraded
Predicted Opening Price for Lifetime Brands of Thursday, May 2, 2024
Fair opening price May 2, 2024 | Current price |
---|---|
$9.12 ( 0.607%) | $9.06 |
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 | 9.38 | 3.53 % | |
R2 | 9.28 | 2.41 % | ||
R1 | 9.22 | 1.72 % | ||
Current price: | 9.06 | |||
Support | S1 | 9.01 | -0.510 % | |
S2 | 8.95 | -1.20 % | ||
S3 | 8.85 | -2.32 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 10.26 | 13.25 % | |
R2 | 10.20 | 12.58 % | ||
R1 | 9.95 | 9.82 % | ||
Current price | 9.06 | |||
Support | S1 | 9.04 | -0.221% | |
S2 | 8.78 | -3.09% | ||
S3 | 8.54 | -5.74% |
LCUT Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 08, 2024 | Apr 30, 2024 | May 15, 2024 | $0.0425 | 0.469% |
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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