Lifevantage Corporation Stock Forecast
Stronger technical forecast for Lifevantage Corporation stock price after Wednesday trading.
(Updated on Apr 24, 2024)
The Lifevantage Corporation stock price fell by -3.67% on the last day (Wednesday, 24th Apr 2024) from $6.41 to $6.17. During the last trading day the stock fluctuated 8.34% from a day low at $6.10 to a day high of $6.61. The price has risen in 6 of the last 10 days and is up by 0.33% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -4 thousand shares and in total, 18 thousand shares were bought and sold for approximately $111.78 thousand.
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 3.14% during the next 3 months and, with a 90% probability hold a price between $5.96 and $7.37 at the end of this 3-month period.
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LFVN Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Lifevantage Corporation 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 $6.41 and $6.50. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, April 19, 2024, and so far it has fallen -7.91%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss for Lifevantage Corporation stock
Lifevantage Corporation finds support from accumulated volume at $6.05 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 $0.509 between high and low, or 8.34%. For the last week the stock has had daily average volatility of 6.97%.
Our recommended stop-loss: $5.80 (-6.00%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 3 days ago.)
Trading Expectations (LFVN) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Lifevantage Corporation to open at $6.29, and during the day (based on 14 day Average True Range), to move between $5.82 and $6.52, which gives a possible trading interval of +/-$0.346 (+/-5.61%) up or down from last closing price. If Lifevantage Corporation takes out the full calculated possible swing range there will be an estimated 11.23% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $6.05 (1.94%) than the resistance at $6.85 (11.02%), 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
Lifevantage Corporation will release earnings BMO on Thursday, May 02, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.160. We will update the financials statements for Lifevantage Corporation, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 4.96% in the first trading day after earnings release.
Is Lifevantage Corporation stock A Buy?
Lifevantage Corporation 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: -0.525 Hold/Accumulate Upgraded
Predicted Opening Price for Lifevantage Corporation of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| $6.29 ( 1.99%) | $6.17 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LFVN
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 6.80 | 10.24 % | |
| R2 | 6.61 | 7.09 % | ||
| R1 | 6.49 | 5.14 % | ||
| Current price: | 6.17 | |||
| Support | S1 | 6.10 | -1.16 % | |
| S2 | 5.98 | -3.10 % | ||
| S3 | 5.78 | -6.25 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 7.00 | 13.45 % | |
| R2 | 6.93 | 12.32 % | ||
| R1 | 6.85 | 11.02 % | ||
| Current price | 6.17 | |||
| Support | S1 | 6.05 | -1.94% | |
| S2 | 5.78 | -6.32% | ||
| S3 | 5.47 | -11.35% |
LFVN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 30, 2024 | Feb 29, 2024 | Mar 15, 2024 | $0.0350 | 0.500% |
| 2 | Nov 06, 2023 | Nov 30, 2023 | Dec 15, 2023 | $0.0350 | 0.559% |
| 3 | Aug 23, 2023 | Sep 07, 2023 | Sep 22, 2023 | $0.140 | 2.02% |
| 4 | Apr 27, 2023 | May 31, 2023 | Jun 15, 2023 | $0.0350 | 0.665% |
| 5 | Jan 26, 2023 | Feb 28, 2023 | Mar 15, 2023 | $0.0300 | 0.92% |
FAQ
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