Lument Finance Trust, Inc. Stock Forecast
Lument Finance Trust, Inc. stock upgraded to Hold/Accumulate.
(Updated on May 02, 2024)
The Lument Finance Trust, Inc. stock price gained 0.446% on the last trading day (Thursday, 2nd May 2024), rising from $2.24 to $2.25. During the last trading day the stock fluctuated 0.446% from a day low at $2.24 to a day high of $2.25. The price has fallen in 5 of the last 10 days and is down by -4.66% for this period. Volume fell on the last day by -156 thousand shares and in total, 50 thousand shares were bought and sold for approximately $111.87 thousand. 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 lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $2.24 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 6.18% during the next 3 months and, with a 90% probability hold a price between $2.38 and $2.78 at the end of this 3-month period.
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LFT Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, May 01, 2024, and so far it has risen 0.446%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Lument Finance Trust, 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 $2.31 and $2.38. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
A buy signal from a double bottom formation was found on Monday, March 18, 2024 and based on theory for this formation the price should go up by 6.74% to $2.40 within 25 trading days since signal was issued (Friday, May 03, 2024).
Support, Risk & Stop-loss for Lument Finance Trust, Inc. stock
Lument Finance Trust, Inc. finds support from accumulated volume at $2.24 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 controlled movements and therefore the general risk is considered low. However, be aware of low or falling volume and make sure to keep an eye on the stock. During the last day, the stock moved $0.0100 between high and low, or 0.446%. For the last week the stock has had daily average volatility of 2.96%.
Our recommended stop-loss: $2.13 (-5.51%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 1 day ago.)
Trading Expectations (LFT) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect Lument Finance Trust, Inc. to open at $2.25, and during the day (based on 14 day Average True Range), to move between $2.17 and $2.33, which gives a possible trading interval of +/-$0.0769 (+/-3.42%) up or down from last closing price. If Lument Finance Trust, Inc. takes out the full calculated possible swing range there will be an estimated 6.83% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $2.26 (0.44%) than the support at $2.24 (0.44%), 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.
Earnings coming up
Lument Finance Trust, Inc. will release earnings BMO on Thursday, May 09, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.130. We will update the financials statements for Lument Finance Trust, Inc., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 3.41% in the first trading day after earnings release.
Is Lument Finance Trust, Inc. stock A Buy?
Lument Finance Trust, Inc. 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.205 Hold/Accumulate Upgraded
Predicted Opening Price for Lument Finance Trust, Inc. of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| $2.25 ( 0.148%) | $2.25 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LFT
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.26 | 0.296 % | |
| R2 | 2.25 | 0.127 % | ||
| R1 | 2.25 | 0.0216 % | ||
| Current price: | 2.25 | |||
| Support | S1 | 2.24 | -0.318 % | |
| S2 | 2.24 | -0.423 % | ||
| S3 | 2.24 | -0.593 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.53 | 12.44 % | |
| R2 | 2.34 | 4.00 % | ||
| R1 | 2.26 | 0.444 % | ||
| Current price | 2.25 | |||
| Support | S1 | 2.24 | -0.444% | |
| S2 | 2.22 | -1.33% | ||
| S3 | 2.20 | -2.22% |
LFT Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 27, 2024 | Mar 27, 2024 | Apr 15, 2024 | $0.0700 | 2.86% |
| 2 | Dec 12, 2023 | Dec 28, 2023 | Jan 16, 2024 | $0.0700 | 2.82% |
| 3 | Sep 14, 2023 | Sep 28, 2023 | Oct 16, 2023 | $0.0700 | 3.45% |
| 4 | Jun 14, 2023 | Jun 29, 2023 | Jul 17, 2023 | $0.0600 | 3.03% |
| 5 | Mar 16, 2023 | Mar 30, 2023 | Jul 17, 2023 | $0.0600 | 3.03% |
FAQ
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