LeMaitre Vascular Stock Forecast
Stronger technical forecast for LeMaitre Vascular stock price after Friday trading.
(Updated on Apr 26, 2024)
The LeMaitre Vascular stock price gained 3.92% on the last trading day (Friday, 26th Apr 2024), rising from $62.99 to $65.46. During the last trading day the stock fluctuated 4.19% from a day low at $64.27 to a day high of $66.97. The price has fallen in 7 of the last 10 days but is still up by 1.25% 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, 49 thousand more shares were traded than the day before. In total, 115 thousand shares were bought and sold for approximately $7.51 million.
The stock lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 7.61% during the next 3 months and, with a 90% probability hold a price between $67.93 and $80.22 at the end of this 3-month period.
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LMAT Signals & Forecast
The LeMaitre Vascular 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 $63.62 and $65.34. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 4.54%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for LeMaitre Vascular stock
LeMaitre Vascular finds support from accumulated volume at $64.78 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 $2.70 (4.19%) between high and low. For the last week, the stock has had daily average volatility of 2.37%.
Our recommended stop-loss: $62.38 (-4.71%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 6 days ago.)
Trading Expectations (LMAT) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect LeMaitre Vascular to open at $65.57, and during the day (based on 14 day Average True Range), to move between $63.75 and $67.17, which gives a possible trading interval of +/-$1.71 (+/-2.61%) up or down from last closing price. If LeMaitre Vascular takes out the full calculated possible swing range there will be an estimated 5.22% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $64.78 (1.04%) than the resistance at $67.07 (2.46%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
LeMaitre Vascular will release earnings BMO on Thursday, May 02, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.390. We will update the financials statements for LeMaitre Vascular, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 4.05% in the first trading day after earnings release.
Is LeMaitre Vascular stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for LeMaitre Vascular stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 3.215 Buy Candidate Upgraded
Predicted Opening Price for LeMaitre Vascular of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $65.57 ( 0.160%) | $65.46 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LMAT
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 68.26 | 4.28 % | |
| R2 | 67.23 | 2.70 % | ||
| R1 | 66.59 | 1.73 % | ||
| Current price: | 65.46 | |||
| Support | S1 | 64.54 | -1.41 % | |
| S2 | 63.90 | -2.38 % | ||
| S3 | 62.87 | -3.96 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 71.06 | 8.55 % | |
| R2 | 70.00 | 6.94 % | ||
| R1 | 67.07 | 2.46 % | ||
| Current price | 65.46 | |||
| Support | S1 | 64.78 | -1.04% | |
| S2 | 64.03 | -2.18% | ||
| S3 | 63.26 | -3.36% |
LMAT Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 21, 2024 | Mar 13, 2024 | Mar 28, 2024 | $0.160 | 0.241% |
| 2 | Oct 24, 2023 | Nov 15, 2023 | Nov 30, 2023 | $0.140 | 0.266% |
| 3 | Jul 25, 2023 | Aug 16, 2023 | Aug 31, 2023 | $0.140 | 0.242% |
| 4 | Apr 24, 2023 | May 16, 2023 | Jun 01, 2023 | $0.140 | 0.219% |
| 5 | Feb 21, 2023 | Mar 08, 2023 | Mar 23, 2023 | $0.140 | 0.280% |
FAQ
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