Lenzing Aktiengesellschaft Stock Forecast
Green day on Friday for Lenzing Aktiengesellschaft
(Updated on May 17, 2024)
The Lenzing Aktiengesellschaft stock price gained 0.85% on the last trading day (Friday, 17th May 2024), rising from 35.30€ to 35.60€. During the last trading day the stock fluctuated 1.12% from a day low at 35.60€ to a day high of 36.00€. The price has risen in 6 of the last 10 days and is up by 16.34% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 155 more shares were traded than the day before. In total, 203 shares were bought and sold for approximately 7.23€ thousand.
The stock lies in the upper part of a very wide and strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at 36.38€ will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 14.89% during the next 3 months and, with a 90% probability hold a price between 31.79€ and 41.80€ at the end of this 3-month period.
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LEN.F Signals & Forecast
The Lenzing Aktiengesellschaft stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at 35.46€ and 32.33€. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Lenzing Aktiengesellschaft 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. A sell signal was issued from a pivot top point on Tuesday, May 14, 2024, and so far it has fallen -1.52%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Lenzing Aktiengesellschaft stock
On the downside, the stock finds support just below today's level from accumulated volume at 31.00€ and 30.10€. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Lenzing Aktiengesellschaft finds support just below today's level at 31.00€. If this is broken, then the next support from accumulated volume will be at 30.10€ and 29.45€.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved 0.400€ between high and low, or 1.12%. For the last week, the stock has had daily average volatility of 2.21%.
The Lenzing Aktiengesellschaft stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.
Our recommended stop-loss: 34.21€ (-3.90%) (This stock has high daily movements and this gives high risk. The RSI14 is 81 and this increases the risk substantially. There is a sell signal from a pivot top found 3 days ago.)
Trading Expectations (LEN.F) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Lenzing Aktiengesellschaft to open at 35.73€, and during the day (based on 14 day Average True Range), to move between 34.56€ and 36.64€, which gives a possible trading interval of +/-1.04€ (+/-2.91%) up or down from last closing price. If Lenzing Aktiengesellschaft takes out the full calculated possible swing range there will be an estimated 5.82% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 35.75€ (0.42%) than the support at 31.00€ (12.92%), 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 Lenzing Aktiengesellschaft stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Lenzing Aktiengesellschaft stock to perform well in the short-term.
Current score: 3.143 Buy Candidate Unchanged
Predicted Opening Price for Lenzing Aktiengesellschaft of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| 35.73€ ( 0.375%) | 35.60€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LEN.F
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 36.13 | 1.50 % | |
| R2 | 35.98 | 1.07 % | ||
| R1 | 35.89 | 0.80 % | ||
| Current price: | 35.60 | |||
| Support | S1 | 35.58 | -0.0547 % | |
| S2 | 35.49 | -0.320 % | ||
| S3 | 35.33 | -0.749 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 36.15 | 1.54 % | ||
| R1 | 35.75 | 0.421 % | ||
| Current price | 35.60 | |||
| Support | S1 | 31.00 | -12.92% | |
| S2 | 30.10 | -15.45% | ||
| S3 | 29.45 | -17.28% |
LEN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 28, 2022 | Apr 28, 2022 | Apr 28, 2022 | 4.35€ | 0% |
| 2 | Apr 20, 2020 | Apr 20, 2020 | Apr 20, 2020 | 1.00€ | 0% |
| 3 | Mar 05, 2019 | Apr 23, 2019 | Apr 25, 2019 | 2.00€ | 0% |
| 4 | Feb 23, 2018 | Apr 16, 2018 | Apr 18, 2018 | 2.00€ | 0% |
FAQ
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