Lazard Global Total Return and Income Stock Forecast
Lazard Global Total Return and Income stock price up 0.201% on Wednesday
(Updated on Apr 17, 2024)
The Lazard Global Total Return and Income stock price gained 0.201% on the last trading day (Wednesday, 17th Apr 2024), rising from $14.95 to $14.98. During the last trading day the stock fluctuated 1.04% from a day low at $14.96 to a day high of $15.11. The price has fallen in 6 of the last 10 days and is down by -6.14% for this period. Volume fell on the last day by -5 thousand shares and in total, 33 thousand shares were bought and sold for approximately $498.88 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 $14.96 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 3.49% during the next 3 months and, with a 90% probability hold a price between $15.48 and $17.35 at the end of this 3-month period.
LGI Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 0.201%. 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 Lazard Global Total Return and Income 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 $15.33 and $15.95. 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 Lazard Global Total Return and Income stock
Lazard Global Total Return and Income finds support from accumulated volume at $14.95 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 $0.155 between high and low, or 1.04%. For the last week the stock has had daily average volatility of 1.46%.
Lazard Global Total Return and Income is oversold on RSI14 (15). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.
Our recommended stop-loss: $14.06 (-6.12%) (This stock has medium daily movements and this gives medium risk. Low RSI14 is 15 which reduces the risk some. There is a buy signal from a pivot bottom found 1 day ago.)
Trading Expectations (LGI) For The Upcoming Trading Day Of Thursday 18th
For the upcoming trading day on Thursday, 18th we expect Lazard Global Total Return and Income Fund to open at $15.02, and during the day (based on 14 day Average True Range), to move between $14.74 and $15.22, which gives a possible trading interval of +/-$0.238 (+/-1.59%) up or down from last closing price. If Lazard Global Total Return and Income Fund takes out the full calculated possible swing range there will be an estimated 3.17% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $14.95 (0.20%) than the resistance at $15.43 (3.00%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Lazard Global Total Return and Income Fund stock A Buy?
Lazard Global Total Return and Income 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.
Current score: 0.389 Hold/Accumulate Unchanged
Predicted Opening Price for Lazard Global Total Return and Income Fund of Thursday, April 18, 2024
Fair opening price April 18, 2024 | Current price |
---|---|
$15.02 ( 0.234%) | $14.98 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LGI
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 15.17 | 1.27 % | |
R2 | 15.11 | 0.87 % | ||
R1 | 15.07 | 0.629 % | ||
Current price: | 14.98 | |||
Support | S1 | 14.96 | -0.162 % | |
S2 | 14.92 | -0.406 % | ||
S3 | 14.86 | -0.80 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 16.33 | 9.01 % | |
R2 | 15.72 | 4.94 % | ||
R1 | 15.43 | 3.00 % | ||
Current price | 14.98 | |||
Support | S1 | 14.95 | -0.200% | |
S2 | 0 | . | ||
S3 | 0 | . |
LGI Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Apr 10, 2024 | Apr 10, 2024 | Apr 22, 2024 | $0.105 | 0.698% |
2 | Mar 11, 2024 | Mar 11, 2024 | Mar 22, 2024 | $0.105 | 0.640% |
3 | Jan 22, 2024 | Feb 12, 2024 | Feb 22, 2024 | $0.105 | 0.661% |
4 | Dec 22, 2023 | Jan 10, 2024 | Jan 22, 2024 | $0.0934 | 0.618% |
5 | Nov 22, 2023 | Dec 11, 2023 | Dec 22, 2023 | $0.0934 | 0.614% |
FAQ
Click here for our free guide on how to buy Lazard Global Total Return and Income Fund Stock.