0% commission for ETF tradesLive Oak Bancshares Stock Forecast
AI Analysis of LOB
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Green day on Thursday for Live Oak Bancshares stock after gaining 3.45%
(Updated on Sep 12, 2024)
The Live Oak Bancshares stock price gained 3.45% on the last trading day (Thursday, 12th Sep 2024), rising from $41.73 to $43.17. During the last trading day the stock fluctuated 3.79% from a day low at $41.87 to a day high of $43.46. The price has fallen in 6 of the last 10 days but is still up by 2.49% over the past 2 weeks. Volume fell on the last day by -77 thousand shares and in total, 132 thousand shares were bought and sold for approximately $5.68 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a wide and strong 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 24.26% during the next 3 months and, with a 90% probability hold a price between $51.14 and $63.32 at the end of this 3-month period.
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LOB Signals & Forecast
The Live Oak Bancshares 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 $41.95 and $41.67. 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 fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. 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 Friday, July 26, 2024, and so far it has fallen -5.45%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Live Oak Bancshares stock
Live Oak Bancshares finds support from accumulated volume at $42.87 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 $1.59 (3.79%) between high and low. For the last week, the stock has had daily average volatility of 3.08%.
Our recommended stop-loss: $40.93 (-5.18%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 64 days ago.)
Trading Expectations (LOB) For The Upcoming Trading Day Of Friday 13th
For the upcoming trading day on Friday, 13th we expect Live Oak Bancshares to open at $42.83, and during the day (based on 14 day Average True Range), to move between $41.81 and $44.53, which gives a possible trading interval of +/-$1.36 (+/-3.15%) up or down from last closing price. If Live Oak Bancshares takes out the full calculated possible swing range there will be an estimated 6.31% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $42.87 (0.69%) than the resistance at $44.50 (3.08%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Live Oak Bancshares 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 Live Oak Bancshares stock to perform well in the short-term.
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Current score: 3.775 Buy Candidate Unchanged
Predicted Opening Price for Live Oak Bancshares of Friday, September 13, 2024
| Fair opening price September 13, 2024 | Current price |
|---|---|
| $42.83 ( 0.784%) | $43.17 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LOB
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 44.42 | 2.89% |
| R2 | 43.81 | 1.49% |
| R1 | 43.44 | 0.619% |
| Price | 43.17 | |
| S1 | 42.23 | -2.19% |
| S2 | 41.85 | -3.05% |
| S3 | 41.25 | -4.46% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 45.66 | 5.77% |
| R2 | 45.14 | 4.56% |
| R1 | 44.50 | 3.08% |
| Price | 43.17 | |
| S1 | 42.87 | -0.695% |
| S2 | 41.67 | -3.47% |
| S3 | 39.84 | -7.71% |
LOB Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 20, 2024 | Sep 03, 2024 | Sep 17, 2024 | $0.0300 | 0.0695% |
| 2 | May 21, 2024 | Jun 04, 2024 | Jun 18, 2024 | $0.0300 | 0.0907% |
| 3 | Feb 13, 2024 | Feb 26, 2024 | Mar 12, 2024 | $0.0300 | 0.0767% |
| 4 | Nov 14, 2023 | Nov 27, 2023 | Dec 12, 2023 | $0.0300 | 0.0812% |
| 5 | Aug 22, 2023 | Sep 01, 2023 | Sep 19, 2023 | $0.0300 | 0.0982% |
FAQ
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