Lument Finance Trust, Inc. Stock Forecast
Strong day for Lument Finance Trust, Inc. stock price on Tuesday rising 8.44% to $2.44
(Updated on Jul 02, 2024)
The Lument Finance Trust, Inc. stock price gained 8.44% on the last trading day (Tuesday, 2nd Jul 2024), rising from $2.25 to $2.44. During the last trading day the stock fluctuated 8.41% from a day low at $2.26 to a day high of $2.45. The price has fallen in 6 of the last 10 days and is down by -2.4% for this period. Volume fell on the last day by -281 thousand shares and in total, 128 thousand shares were bought and sold for approximately $311.92 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 middle of a wide and 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 6.92% during the next 3 months and, with a 90% probability hold a price between $2.41 and $2.75 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 Monday, July 01, 2024, and so far it has risen 8.44%. 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 $2.46 and $2.49. 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.
Support, Risk & Stop-loss for Lument Finance Trust, Inc. stock
Lument Finance Trust, Inc. finds support from accumulated volume at $2.37 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.190 between high and low, or 8.41%. For the last week the stock has had daily average volatility of 5.50%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (LFT) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Lument Finance Trust, Inc. to open at $2.38, and during the day (based on 14 day Average True Range), to move between $2.36 and $2.52, which gives a possible trading interval of +/-$0.0845 (+/-3.46%) 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 6.93% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $2.50 (2.46%) than the support at $2.37 (2.87%), 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 Lument Finance Trust, Inc. stock A Buy?
The Lument Finance Trust, Inc. stock holds several negative signals and despite the positive trend, we believe Lument Finance Trust, Inc. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.962 Sell Candidate Unchanged
Predicted Opening Price for Lument Finance Trust, Inc. of Wednesday, July 3, 2024
Fair opening price July 3, 2024 | Current price |
---|---|
$2.38 ( 2.32%) | $2.44 |
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 | |
---|---|---|
R3 | 2.57 | 5.46% |
R2 | 2.50 | 2.49% |
R1 | 2.46 | 0.652% |
Price | 2.44 | |
S1 | 2.31 | -5.30% |
S2 | 2.27 | -7.13% |
S3 | 2.19 | -10.11% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 2.55 | 4.51% |
R2 | 2.54 | 4.10% |
R1 | 2.50 | 2.46% |
Price | 2.44 | |
S1 | 2.37 | -2.87% |
S2 | 2.25 | -7.79% |
S3 | 2.24 | -8.20% |
LFT Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jun 13, 2024 | Jun 28, 2024 | Jul 15, 2024 | $0.0800 | 3.28% |
2 | Jun 13, 2024 | Jun 27, 2024 | Jul 15, 2024 | $0.0800 | 3.28% |
3 | Mar 27, 2024 | Mar 27, 2024 | Apr 15, 2024 | $0.0700 | 2.86% |
4 | Dec 12, 2023 | Dec 28, 2023 | Jan 16, 2024 | $0.0700 | 2.82% |
5 | Sep 14, 2023 | Sep 28, 2023 | Oct 16, 2023 | $0.0700 | 3.45% |
FAQ
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