Lend Lease Group 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
Lend Lease Group stock upgraded from Sell Candidate to Hold/Accumulate after Friday trading session.
(Updated on Jun 14, 2024)
No changes to the price of Lend Lease Group stock on the last trading day (Friday, 14th Jun 2024). During the last trading day the stock fluctuated 0% from a day low at $3.75 to a day high of $3.75. The price has been going up and down for this period, and there has been a -4.89% loss for the last 2 weeks.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -8.66% during the next 3 months and, with a 90% probability hold a price between $3.26 and $3.76 at the end of this 3-month period.
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LLESY Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, June 12, 2024, and so far it has fallen 0%. 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 Lend Lease Group 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 $3.82 and $3.97. 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 on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Lend Lease Group stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 0%
Our recommended stop-loss: $3.53 (-6.00%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 28 days ago.)
Trading Expectations (LLESY) For The Upcoming Trading Day Of Monday 17th
For the upcoming trading day on Monday, 17th we expect Lend Lease Group to open at $3.75, and during the day (based on 14 day Average True Range), to move between $3.70 and $3.80, which gives a possible trading interval of +/-$0.0458 (+/-1.22%) up or down from last closing price. If Lend Lease Group takes out the full calculated possible swing range there will be an estimated 2.44% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $4.02, some $0.270 (7.20%) from the current price of $3.75, our system finds the risk reward not very attractive.
Is Lend Lease Group stock A Buy?
Lend Lease Group 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.000 Hold/Accumulate Upgraded
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Lend Lease Group of Monday, June 17, 2024
| Fair opening price June 17, 2024 | Current price |
|---|---|
| $3.75 ( 0%) | $3.75 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LLESY
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 3.75 | - |
| R2 | 3.75 | - |
| R1 | 3.75 | - |
| Price | 3.75 | |
| S1 | 3.75 | - |
| S2 | 3.75 | - |
| S3 | 3.75 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 4.14 | 10.40% |
| R2 | 4.09 | 9.07% |
| R1 | 4.02 | 7.20% |
| Price | 3.75 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
LLESY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 29, 2024 | Feb 29, 2024 | Mar 25, 2024 | $0.0319 | 0.755% |
| 2 | Aug 24, 2023 | Aug 24, 2023 | Sep 25, 2023 | $0.0305 | 0.682% |
| 3 | May 19, 2023 | Feb 22, 2023 | Mar 20, 2023 | $0.0340 | 0.710% |
| 4 | Aug 27, 2022 | Aug 31, 2022 | Oct 03, 2022 | $0.0760 | 1.29% |
| 5 | Mar 01, 2022 | Mar 04, 2022 | Mar 28, 2022 | $0.0360 | 0.440% |
FAQ
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