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)

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

The predicted opening price is based on yesterday's movements between high, low, and closing price.