Lennox International Inc Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Lennox International Inc stock price ended at $455.15 on Wednesday, after losing 1.78%.
(Updated on May 01, 2024)
The Lennox International Inc stock price fell by -1.78% on the last day (Wednesday, 1st May 2024) from $463.42 to $455.15. During the last trading day the stock fluctuated 2.93% from a day low at $451.77 to a day high of $465.00. The price has risen in 6 of the last 10 days but is still down by -0.59% for this period. Volume has increased on the last day by 344 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 600 thousand shares were bought and sold for approximately $273.09 million.
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 $449.74 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 6.16% during the next 3 months and, with a 90% probability hold a price between $477.45 and $544.52 at the end of this 3-month period.
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LII 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 Lennox International 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 $470.43 and $474.47. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, March 21, 2024, and so far it has fallen -8.84%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Lennox International Inc stock
Lennox International Inc finds support from accumulated volume at $432.59 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $13.23 (2.93%) between high and low. For the last week, the stock has had daily average volatility of 3.46%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (LII) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect Lennox International Inc to open at $457.31, and during the day (based on 14 day Average True Range), to move between $440.49 and $469.81, which gives a possible trading interval of +/-$14.66 (+/-3.22%) up or down from last closing price. If Lennox International Inc takes out the full calculated possible swing range there will be an estimated 6.44% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $459.29 (0.91%) than the support at $432.59 (4.96%), 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 Lennox International Inc stock A Buy?
The Lennox International Inc stock holds several negative signals and despite the positive trend, we believe Lennox International Inc will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -1.818 Sell Candidate Unchanged
Predicted Opening Price for Lennox International Inc of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| $457.31 ( 0.474%) | $455.15 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LII
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 470.54 | 3.38 % | |
| R2 | 465.48 | 2.27 % | ||
| R1 | 462.36 | 1.58 % | ||
| Current price: | 455.15 | |||
| Support | S1 | 452.25 | -0.637 % | |
| S2 | 449.13 | -1.32 % | ||
| S3 | 444.08 | -2.43 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 476.66 | 4.73 % | |
| R2 | 467.85 | 2.79 % | ||
| R1 | 459.29 | 0.91 % | ||
| Current price | 455.15 | |||
| Support | S1 | 432.59 | -4.96% | |
| S2 | 422.70 | -7.13% | ||
| S3 | 419.98 | -7.73% |
LII Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 27, 2024 | Mar 27, 2024 | Apr 15, 2024 | $1.10 | 0.238% |
| 2 | Mar 22, 2024 | Mar 22, 2024 | Mar 22, 2024 | $0 | 0% |
| 3 | Dec 08, 2023 | Dec 28, 2023 | Jan 17, 2024 | $1.10 | 0.254% |
| 4 | Jul 14, 2023 | Aug 30, 2023 | Sep 15, 2023 | $1.10 | 0.292% |
| 5 | May 15, 2023 | Jun 29, 2023 | Jul 14, 2023 | $1.10 | 0.327% |
FAQ
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