LifeStance Health Group, Inc. Stock Forecast
LifeStance Health Group, Inc. stock price ended at $6.20 on Friday, after gaining 0.649%.
(Updated on Apr 26, 2024)
The LifeStance Health Group, Inc. stock price gained 0.649% on the last trading day (Friday, 26th Apr 2024), rising from $6.16 to $6.20. During the last trading day the stock fluctuated 3.14% from a day low at $6.06 to a day high of $6.25. The price has risen in 6 of the last 10 days and is up by 2.48% over the past 2 weeks. Volume fell on the last day by -209 thousand shares and in total, 624 thousand shares were bought and sold for approximately $3.87 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -7.73% during the next 3 months and, with a 90% probability hold a price between $5.10 and $7.62 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.
LFST Signals & Forecast
The LifeStance Health Group, Inc. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $5.99 and $6.17. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 10.32%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for LifeStance Health Group, Inc. stock
LifeStance Health Group, Inc. finds support from accumulated volume at $6.17 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 $0.190 between high and low, or 3.14%. For the last week, the stock has had daily average volatility of 4.15%.
Our recommended stop-loss: $5.98 (-3.58%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 8 days ago.)
Trading Expectations (LFST) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect LifeStance Health Group, Inc. to open at $6.17, and during the day (based on 14 day Average True Range), to move between $5.94 and $6.46, which gives a possible trading interval of +/-$0.259 (+/-4.18%) up or down from last closing price. If LifeStance Health Group, Inc. takes out the full calculated possible swing range there will be an estimated 8.35% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $6.17 (0.48%) than the resistance at $6.29 (1.45%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is LifeStance Health Group, Inc. stock A Buy?
LifeStance Health Group, Inc. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.187 Hold/Accumulate Unchanged
Predicted Opening Price for LifeStance Health Group, Inc. of Monday, April 29, 2024
Fair opening price April 29, 2024 | Current price |
---|---|
$6.17 ( 0.484%) | $6.20 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LFST
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 6.36 | 2.58 % | |
R2 | 6.29 | 1.41 % | ||
R1 | 6.24 | 0.687 % | ||
Current price: | 6.20 | |||
Support | S1 | 6.10 | -1.65 % | |
S2 | 6.05 | -2.38 % | ||
S3 | 5.98 | -3.55 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 7.38 | 19.03 % | |
R2 | 6.61 | 6.61 % | ||
R1 | 6.29 | 1.45 % | ||
Current price | 6.20 | |||
Support | S1 | 6.17 | -0.484% | |
S2 | 6.01 | -3.06% | ||
S3 | 5.64 | -9.03% |
FAQ
Click here for our free guide on how to buy LifeStance Health Group, Inc. Stock.