Lincoln Educational Services Corporation Stock Forecast
Red day on Wednesday for Lincoln Educational Services Corporation
(Updated on Apr 17, 2024)
The Lincoln Educational Services Corporation stock price fell by -1.12% on the last day (Wednesday, 17th Apr 2024) from $9.80 to $9.69. During the last trading day the stock fluctuated 1.89% from a day low at $9.67 to a day high of $9.85. The price has fallen in 6 of the last 10 days and is down by -3.77% for this period. Volume has increased on the last day by 48 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, 101 thousand shares were bought and sold for approximately $976.59 thousand.
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 $9.59 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 7.27% during the next 3 months and, with a 90% probability hold a price between $10.28 and $11.93 at the end of this 3-month period.
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LINC Signals & Forecast
There are few to no technical positive signals at the moment. The Lincoln Educational Services 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 $9.88 and $10.04. 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 -9.01%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Lincoln Educational Services Corporation gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
Support, Risk & Stop-loss for Lincoln Educational Services Corporation stock
Lincoln Educational Services Corporation finds support from accumulated volume at $9.36 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 $0.182 (1.89%) between high and low. For the last week, the stock has had daily average volatility of 2.56%.
Our recommended stop-loss: $9.33 (-3.74%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 18 days ago.)
Trading Expectations (LINC) For The Upcoming Trading Day Of Thursday 18th
For the upcoming trading day on Thursday, 18th we expect Lincoln Educational Services Corporation to open at $9.73, and during the day (based on 14 day Average True Range), to move between $9.41 and $9.97, which gives a possible trading interval of +/-$0.279 (+/-2.88%) up or down from last closing price. If Lincoln Educational Services Corporation takes out the full calculated possible swing range there will be an estimated 5.77% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $9.36 (3.41%) than the resistance at $10.06 (3.82%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Lincoln Educational Services Corporation stock A Buy?
Lincoln Educational Services 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.
Current score: -0.631 Hold/Accumulate Unchanged
Predicted Opening Price for Lincoln Educational Services Corporation of Thursday, April 18, 2024
| Fair opening price April 18, 2024 | Current price |
|---|---|
| $9.73 ( 0.455%) | $9.69 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LINC
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 9.92 | 2.34 % | |
| R2 | 9.85 | 1.62 % | ||
| R1 | 9.80 | 1.17 % | ||
| Current price: | 9.69 | |||
| Support | S1 | 9.66 | -0.264 % | |
| S2 | 9.62 | -0.708 % | ||
| S3 | 9.55 | -1.43 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 10.17 | 4.95 % | |
| R2 | 10.10 | 4.23 % | ||
| R1 | 10.06 | 3.82 % | ||
| Current price | 9.69 | |||
| Support | S1 | 9.36 | -3.41% | |
| S2 | 9.33 | -3.72% | ||
| S3 | 9.29 | -4.13% |
LINC Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Oct 29, 2014 | Dec 11, 2014 | Dec 31, 2014 | $0.0200 | 0.714% |
| 2 | Aug 01, 2014 | Sep 10, 2014 | Sep 30, 2014 | $0.0200 | 0.712% |
| 3 | May 02, 2014 | Jun 11, 2014 | Jun 30, 2014 | $0.0700 | 1.56% |
| 4 | Feb 28, 2014 | Mar 12, 2014 | Mar 31, 2014 | $0.0700 | 1.86% |
| 5 | Nov 05, 2013 | Dec 11, 2013 | Dec 31, 2013 | $0.0700 | 1.41% |
FAQ
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