0% commission for ETF tradesLimoneira Co Stock Forecast
AI Analysis of LMNR
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Limoneira Co stock upgraded from Buy Candidate to Strong Buy Candidate after Thursday trading session.
(Updated on Sep 12, 2024)
The Limoneira Co stock price gained 4.21% on the last trading day (Thursday, 12th Sep 2024), rising from $24.37 to $25.39. During the last trading day the stock fluctuated 6.04% from a day low at $24.17 to a day high of $25.63. The price has risen in 7 of the last 10 days and is up by 2.59% 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, 63 thousand more shares were traded than the day before. In total, 106 thousand shares were bought and sold for approximately $2.70 million.
The stock lies in the upper part of a wide and strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $25.74 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 22.26% during the next 3 months and, with a 90% probability hold a price between $26.71 and $31.48 at the end of this 3-month period.
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LMNR Signals & Forecast
Mostly positive signals in the chart today. The Limoneira Co stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $24.83 and $22.52. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, August 12, 2024, and so far it has risen 25.82%. 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 Limoneira Co stock
On the downside, the stock finds support just below today's level from accumulated volume at $24.07 and $22.04. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Limoneira Co finds support just below today's level at $24.07. If this is broken, then the next support from accumulated volume will be at $22.04 and $21.08.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $1.46 between high and low, or 6.04%. For the last week, the stock has had daily average volatility of 4.76%.
Our recommended stop-loss: $24.50 (-3.50%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 40 days ago.)
Trading Expectations (LMNR) For The Upcoming Trading Day Of Friday 13th
For the upcoming trading day on Friday, 13th we expect Limoneira Co to open at $25.06, and during the day (based on 14 day Average True Range), to move between $24.43 and $26.35, which gives a possible trading interval of +/-$0.96 (+/-3.77%) up or down from last closing price. If Limoneira Co takes out the full calculated possible swing range there will be an estimated 7.55% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $24.07, some $1.32 (5.20%) from the current price of $25.39, our system finds the risk reward attractive.
Is Limoneira Co stock A Buy?
Limoneira Co holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.
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Current score: 8.042 Strong Buy Candidate Upgraded
Predicted Opening Price for Limoneira Co of Friday, September 13, 2024
| Fair opening price September 13, 2024 | Current price |
|---|---|
| $25.06 ( 1.29%) | $25.39 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LMNR
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 26.52 | 4.46% |
| R2 | 25.97 | 2.27% |
| R1 | 25.62 | 0.91% |
| Price | 25.39 | |
| S1 | 24.51 | -3.48% |
| S2 | 24.16 | -4.84% |
| S3 | 23.60 | -7.04% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 25.39 | |
| S1 | 24.07 | -5.20% |
| S2 | 22.04 | -13.19% |
| S3 | 21.08 | -16.98% |
LMNR Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 08, 2024 | Jul 08, 2024 | Jul 19, 2024 | $0.0750 | 0.340% |
| 2 | Mar 19, 2024 | Mar 28, 2024 | Apr 12, 2024 | $0.0800 | 0.415% |
| 3 | Dec 19, 2023 | Dec 29, 2023 | Jan 12, 2024 | $0.0750 | 0.402% |
| 4 | Sep 26, 2023 | Oct 06, 2023 | Oct 20, 2023 | $0.0800 | 0.574% |
| 5 | Jun 27, 2023 | Jul 10, 2023 | Jul 14, 2023 | $0.0750 | 0.494% |
FAQ
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