LifeStance Health Group, Inc. Stock Forecast
Green day on Tuesday for LifeStance Health Group, Inc. stock after gaining 1.01%
(Updated on May 07, 2024)
The LifeStance Health Group, Inc. stock price gained 1.01% on the last trading day (Tuesday, 7th May 2024), rising from $6.91 to $6.98. It has now gained 5 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 2.56% from a day low at $6.84 to a day high of $7.02. The price has risen in 8 of the last 10 days and is up by 14.24% 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, 363 thousand more shares were traded than the day before. In total, 1 million shares were bought and sold for approximately $8.42 million.
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 -10.73% during the next 3 months and, with a 90% probability hold a price between $4.81 and $7.10 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
Mostly positive signals in the chart today. The LifeStance Health Group, Inc. 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 $6.57 and $6.15. 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 24.20%. 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 is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for LifeStance Health Group, Inc. stock
On the downside, the stock finds support just below today's level from accumulated volume at $6.61 and $6.17. 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, LifeStance Health Group, Inc. finds support just below today's level at $6.61. If this is broken, then the next support from accumulated volume will be at $6.17 and $6.11.
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 $0.175 between high and low, or 2.56%. For the last week, the stock has had daily average volatility of 4.38%.
The LifeStance Health Group, Inc. stock is extremely overbought on RSI14 (94). This increases the short-term risk substantially.
Our recommended stop-loss: $6.76 (-3.12%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 94 and this increases the risk substantially. There is a buy signal from a pivot bottom found 15 days ago.)
Trading Expectations (LFST) For The Upcoming Trading Day Of Wednesday 8th
For the upcoming trading day on Wednesday, 8th we expect LifeStance Health Group, Inc. to open at $6.95, and during the day (based on 14 day Average True Range), to move between $6.72 and $7.24, which gives a possible trading interval of +/-$0.255 (+/-3.66%) 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 7.32% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $6.61 (5.30%) than the resistance at $7.79 (11.53%), 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
LifeStance Health Group, Inc. will release earnings BMO on Thursday, May 09, 2024.The consensus among the analysts for the expected earnings (EPS) is -$0.0900. We will update the financials statements for LifeStance Health Group, Inc., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 12.27% in the first trading day after earnings release.
Is LifeStance Health Group, Inc. stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.
Current score: 4.163 Buy Candidate Unchanged
Predicted Opening Price for LifeStance Health Group, Inc. of Wednesday, May 8, 2024
| Fair opening price May 8, 2024 | Current price |
|---|---|
| $6.95 ( 0.501%) | $6.98 |
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 | 7.12 | 2.01 % | |
| R2 | 7.05 | 1.05 % | ||
| R1 | 7.01 | 0.456 % | ||
| Current price: | 6.98 | |||
| Support | S1 | 6.88 | -1.46 % | |
| S2 | 6.84 | -2.05 % | ||
| S3 | 6.77 | -3.01 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 8.71 | 24.79 % | |
| R2 | 8.35 | 19.63 % | ||
| R1 | 7.79 | 11.53 % | ||
| Current price | 6.98 | |||
| Support | S1 | 6.61 | -5.30% | |
| S2 | 6.17 | -11.60% | ||
| S3 | 6.11 | -12.46% |
FAQ
Click here for our free guide on how to buy LifeStance Health Group, Inc. Stock.
