Lemonade, Inc. Stock Forecast
Red day on Thursday for Lemonade, Inc.
(Updated on Apr 18, 2024)
The Lemonade, Inc. stock price fell by -0.0635% on the last day (Thursday, 18th Apr 2024) from $15.74 to $15.73. It has now fallen 5 days in a row. During the last trading day the stock fluctuated 7.86% from a day low at $15.53 to a day high of $16.75. The price has fallen in 7 of the last 10 days and is down by -2.78% for this period. Volume has increased on the last day by 285 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, 1 million shares were bought and sold for approximately $21.01 million.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $15.53 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -2.18% during the next 3 months and, with a 90% probability hold a price between $15.19 and $20.97 at the end of this 3-month period.
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LMND Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, March 19, 2024, and so far it has risen 0.255%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Lemonade, 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 $16.29 and $16.52. A break-up above any of these levels will issue buy signals. 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 Lemonade, Inc. stock
Lemonade, Inc. finds support from accumulated volume at $15.70 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 $1.22 (7.86%) between high and low. For the last week, the stock has had daily average volatility of 4.79%.
Our recommended stop-loss: $14.92 (-5.15%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 21 days ago.)
Trading Expectations (LMND) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Lemonade, Inc. to open at $16.00, and during the day (based on 14 day Average True Range), to move between $14.86 and $16.60, which gives a possible trading interval of +/-$0.87 (+/-5.53%) up or down from last closing price. If Lemonade, Inc. takes out the full calculated possible swing range there will be an estimated 11.07% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $15.70 (0.19%) than the resistance at $16.24 (3.24%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Lemonade, Inc. stock A Buy?
Lemonade, Inc. 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: 0.664 Hold/Accumulate Unchanged
Predicted Opening Price for Lemonade, Inc. of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $16.00 ( 1.74%) | $15.73 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LMND
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 17.22 | 9.49 % | |
| R2 | 16.76 | 6.53 % | ||
| R1 | 16.47 | 4.70 % | ||
| Current price: | 15.73 | |||
| Support | S1 | 15.54 | -1.23 % | |
| S2 | 15.25 | -3.06 % | ||
| S3 | 14.78 | -6.02 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 17.90 | 13.80 % | |
| R2 | 17.39 | 10.55 % | ||
| R1 | 16.24 | 3.24 % | ||
| Current price | 15.73 | |||
| Support | S1 | 15.70 | -0.191% | |
| S2 | 15.69 | -0.254% | ||
| S3 | 15.31 | -2.67% |
FAQ
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