LMS Capital plc Stock Forecast
Red day on Thursday for LMS Capital plc
(Updated on May 02, 2024)
No changes to the price of LMS Capital plc stock on the last trading day (Thursday, 2nd May 2024). During the last trading day the stock fluctuated 2.49% from a day low at £18.10 to a day high of £18.55. The price has been going up and down for this period, and there has been a 12.42% gain for the last 2 weeks.
The stock lies the upper part of a very wide and falling 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 £19.02 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -3.50% during the next 3 months and, with a 90% probability hold a price between £14.62 and £18.36 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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LMS.L Signals & Forecast
The LMS Capital plc 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 £18.34 and £17.58. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, May 01, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for LMS Capital plc stock
LMS Capital plc finds support from accumulated volume at £18.50 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved £0.450 between high and low, or 2.49%. For the last week, the stock has had daily average volatility of 1.99%.
Our recommended stop-loss: £17.89 (-3.54%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (LMS.L) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect LMS Capital plc to open at £18.40, and during the day (based on 14 day Average True Range), to move between £17.78 and £19.32, which gives a possible trading interval of +/-£0.773 (+/-4.17%) up or down from last closing price. If LMS Capital plc takes out the full calculated possible swing range there will be an estimated 8.33% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £18.50 (0.27%) than the resistance at £19.62 (5.77%), 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
LMS Capital plc will release earnings BMO on Tuesday, May 07, 2024. We will update the financials statements for LMS Capital plc, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.33% in the first trading day after earnings release.
Is LMS Capital plc stock A Buy?
LMS Capital plc 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: 0.951 Hold/Accumulate Unchanged
Predicted Opening Price for LMS Capital plc of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| £18.40 ( 0.81%) | £18.55 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LMS.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 18.85 | 1.62 % | |
| R2 | 18.68 | 0.691 % | ||
| R1 | 18.57 | 0.118 % | ||
| Current price: | 18.55 | |||
| Support | S1 | 18.23 | -1.74 % | |
| S2 | 18.12 | -2.31 % | ||
| S3 | 17.95 | -3.23 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 19.62 | 5.77 % | ||
| Current price | 18.55 | |||
| Support | S1 | 18.50 | -0.270% | |
| S2 | 17.50 | -5.66% | ||
| S3 | 17.15 | -7.55% |
LMS Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 10, 2023 | Aug 10, 2023 | Aug 10, 2023 | £0.300 | 1.44% |
| 2 | May 25, 2023 | May 25, 2023 | May 25, 2023 | £0.625 | 2.57% |
| 3 | Aug 02, 2022 | Aug 11, 2022 | Sep 12, 2022 | £0.300 | 0.97% |
| 4 | May 19, 2022 | May 26, 2022 | Jun 23, 2022 | £0.625 | 1.91% |
| 5 | Aug 03, 2021 | Aug 12, 2021 | Sep 15, 2021 | £0.300 | 0.86% |
FAQ
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