loanDepot, Inc. Stock Forecast
Red day on Tuesday for loanDepot, Inc. stock after losing 2.80%
(Updated on Apr 30, 2024)
The loanDepot, Inc. stock price fell by -2.80% on the last day (Tuesday, 30th Apr 2024) from $2.14 to $2.08. During the last trading day the stock fluctuated 4.43% from a day low at $2.03 to a day high of $2.12. The price has been going up and down for this period, and there has been a -11.86% loss for the last 2 weeks. 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 -354 thousand shares and in total, 418 thousand shares were bought and sold for approximately $869.78 thousand.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $1.97 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -11.52% during the next 3 months and, with a 90% probability hold a price between $1.74 and $2.35 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.
LDI Signals & Forecast
There are few to no technical positive signals at the moment. The loanDepot, Inc. 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 $2.30 and $2.41. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, April 09, 2024, and so far it has fallen -24.09%. 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 loanDepot, Inc. stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
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 $0.0900 between high and low, or 4.43%. For the last week the stock has had daily average volatility of 5.99%.
loanDepot, Inc. is oversold on RSI14 (18). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (LDI) For The Upcoming Trading Day Of Wednesday 1st
For the upcoming trading day on Wednesday, 1st we expect loanDepot, Inc. to open at $2.08, and during the day (based on 14 day Average True Range), to move between $1.93 and $2.23, which gives a possible trading interval of +/-$0.147 (+/-7.09%) up or down from last closing price. If loanDepot, Inc. takes out the full calculated possible swing range there will be an estimated 14.18% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $2.34, some $0.260 (12.50%) from the current price of $2.08, our system finds the risk reward not very attractive.
Earnings coming up
loanDepot, Inc. will release earnings BMO on Tuesday, May 07, 2024.The consensus among the analysts for the expected earnings (EPS) is -$0.0600. We will update the financials statements for loanDepot, Inc., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 9.72% in the first trading day after earnings release.
Is loanDepot, Inc. stock A Buy?
loanDepot, Inc. holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -6.359 Strong Sell Candidate Unchanged
Predicted Opening Price for loanDepot, Inc. of Wednesday, May 1, 2024
| Fair opening price May 1, 2024 | Current price |
|---|---|
| $2.08 ( 0.160%) | $2.08 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LDI
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.17 | 4.17 % | |
| R2 | 2.13 | 2.51 % | ||
| R1 | 2.11 | 1.49 % | ||
| Current price: | 2.08 | |||
| Support | S1 | 2.04 | -1.81 % | |
| S2 | 2.02 | -2.83 % | ||
| S3 | 1.99 | -4.49 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.59 | 24.52 % | |
| R2 | 2.51 | 20.67 % | ||
| R1 | 2.34 | 12.50 % | ||
| Current price | 2.08 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
LDI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 14, 2022 | Apr 01, 2022 | Apr 18, 2022 | $0.0800 | 2.39% |
| 2 | Dec 16, 2021 | Dec 31, 2021 | Jan 18, 2022 | $0.0800 | 1.54% |
| 3 | Sep 23, 2021 | Oct 01, 2021 | Oct 18, 2021 | $0.0800 | 1.26% |
| 4 | May 13, 2021 | Jun 30, 2021 | Jul 16, 2021 | $0.0800 | 0.681% |
| 5 | Apr 21, 2021 | Apr 30, 2021 | May 18, 2021 | $0.612 | 4.54% |
FAQ
Click here for our free guide on how to buy loanDepot, Inc. Stock.
