London Stock Exchange Ltd. Stock Forecast
London Stock Exchange Ltd. stock price ended at $118.41 on Wednesday, after gaining 1.29%.
(Updated on Jul 03, 2024)
The London Stock Exchange Ltd. stock price gained 1.29% on the last trading day (Wednesday, 3rd Jul 2024), rising from $116.90 to $118.41. During the last trading day the stock fluctuated 0.475% from a day low at $117.85 to a day high of $118.41. The price has fallen in 7 of the last 10 days and is down by -2.11% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 319 more shares were traded than the day before. In total, 478 shares were bought and sold for approximately $56.60 thousand.
The stock lies in the middle of a weak 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 6.75% during the next 3 months and, with a 90% probability hold a price between $123.41 and $132.03 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.
LDNXF Signals & Forecast
London Stock Exchange Ltd. 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. The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. The London Stock Exchange Ltd. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $119.30 and $119.12. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, June 21, 2024, and so far it has fallen -3.41%. 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 London Stock Exchange Ltd. stock
London Stock Exchange Ltd. finds support from accumulated volume at $116.83 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.560 between high and low, or 0.475%. For the last week the stock has had daily average volatility of 0.0950%.
Our recommended stop-loss: $111.74 (-5.63%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 41 days ago.)
Trading Expectations (LDNXF) For The Upcoming Trading Day Of Friday 5th
For the upcoming trading day on Friday, 5th we expect London Stock Exchange Ltd. to open at $118.22, and during the day (based on 14 day Average True Range), to move between $116.98 and $119.84, which gives a possible trading interval of +/-$1.43 (+/-1.21%) up or down from last closing price. If London Stock Exchange Ltd. takes out the full calculated possible swing range there will be an estimated 2.42% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $119.50 (0.92%) than the support at $116.83 (1.33%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is London Stock Exchange Ltd. stock A Buy?
London Stock Exchange Ltd. 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.
Current score: -0.428 Hold/Accumulate Unchanged
Predicted Opening Price for London Stock Exchange Ltd. of Friday, July 5, 2024
| Fair opening price July 5, 2024 | Current price |
|---|---|
| $118.22 ( 0.158%) | $118.41 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LDNXF
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 118.78 | 0.315% |
| R2 | 118.57 | 0.135% |
| R1 | 118.44 | 0.0230% |
| Price | 118.41 | |
| S1 | 118.01 | -0.338% |
| S2 | 117.88 | -0.450% |
| S3 | 117.66 | -0.631% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 120.44 | 1.71% |
| R2 | 119.75 | 1.13% |
| R1 | 119.50 | 0.92% |
| Price | 118.41 | |
| S1 | 116.83 | -1.33% |
| S2 | 116.40 | -1.70% |
| S3 | 114.50 | -3.30% |
LDNXF Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 18, 2024 | Apr 18, 2024 | May 22, 2024 | $1.00 | 0.85% |
| 2 | Aug 17, 2023 | Aug 17, 2023 | Aug 17, 2023 | $0.455 | 0.441% |
| 3 | Apr 20, 2023 | Apr 20, 2023 | Apr 20, 2023 | $0.94 | 0.95% |
| 4 | Aug 18, 2022 | Aug 18, 2022 | Aug 18, 2022 | $0.382 | 0.379% |
| 5 | Apr 28, 2022 | Apr 28, 2022 | Apr 28, 2022 | $0.88 | 0.90% |
FAQ
Click here for our free guide on how to buy London Stock Exchange Ltd. Stock.
