Lakeland Financial Corporation Stock Forecast
Green day on Tuesday for Lakeland Financial Corporation
(Updated on Jul 02, 2024)
The Lakeland Financial Corporation stock price gained 2.30% on the last trading day (Tuesday, 2nd Jul 2024), rising from $60.54 to $61.93. During the last trading day the stock fluctuated 2.66% from a day low at $60.54 to a day high of $62.15. The price has risen in 6 of the last 10 days and is up by 2.19% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 4 thousand more shares were traded than the day before. In total, 87 thousand shares were bought and sold for approximately $5.36 million.
The stock is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Lakeland Financial Corporation stock with a 90% probability to be traded between $58.29 and $63.31 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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LKFN Signals & Forecast
The Lakeland Financial Corporation stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $60.25 and $61.01. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, June 21, 2024, and so far it has risen 4.66%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Lakeland Financial Corporation stock
Lakeland Financial Corporation finds support from accumulated volume at $61.63 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $1.61 between high and low, or 2.66%. For the last week the stock has had daily average volatility of 2.28%.
Our recommended stop-loss: $58.89 (-4.91%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 30 days ago.)
Trading Expectations (LKFN) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Lakeland Financial Corporation to open at $61.54, and during the day (based on 14 day Average True Range), to move between $60.52 and $63.34, which gives a possible trading interval of +/-$1.41 (+/-2.27%) up or down from last closing price. If Lakeland Financial Corporation takes out the full calculated possible swing range there will be an estimated 4.54% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $62.03 (0.16%) than the support at $61.63 (0.48%), 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 Lakeland Financial Corporation stock A Buy?
Lakeland Financial Corporation holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.783 Hold/Accumulate Unchanged
Predicted Opening Price for Lakeland Financial Corporation of Wednesday, July 3, 2024
Fair opening price July 3, 2024 | Current price |
---|---|
$61.54 ( 0.630%) | $61.93 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LKFN
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 63.15 | 1.97% |
R2 | 62.53 | 0.98% |
R1 | 62.16 | 0.363% |
Price | 61.93 | |
S1 | 60.92 | -1.62% |
S2 | 60.55 | -2.24% |
S3 | 59.93 | -3.23% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 62.90 | 1.57% |
R2 | 62.64 | 1.15% |
R1 | 62.03 | 0.161% |
Price | 61.93 | |
S1 | 61.63 | -0.484% |
S2 | 61.52 | -0.662% |
S3 | 59.17 | -4.46% |
LKFN Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Apr 09, 2024 | Apr 24, 2024 | May 06, 2024 | $0.480 | 0.776% |
2 | Jan 24, 2024 | Jan 24, 2024 | Feb 05, 2024 | $0.480 | 0.740% |
3 | Oct 10, 2023 | Oct 24, 2023 | Nov 06, 2023 | $0.460 | 0.86% |
4 | Jul 11, 2023 | Jul 24, 2023 | Aug 07, 2023 | $0.460 | 0.81% |
5 | Apr 11, 2023 | Apr 24, 2023 | May 05, 2023 | $0.460 | 0.97% |
FAQ
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