LPA Group Plc Stock Forecast
Red day on Tuesday for LPA Group Plc
(Updated on May 07, 2024)
No changes to the price of LPA Group Plc stock on the last trading day (Tuesday, 7th May 2024). During the last trading day the stock fluctuated 0% from a day low at £64.00 to a day high of £64.00. The price has been going up and down for this period, and there has been a 4.75% 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 £66.57 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 -23.68% during the next 3 months and, with a 90% probability hold a price between £36.72 and £50.81 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
LPA.L Signals & Forecast
There are few to no technical positive signals at the moment. The LPA Group Plc 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 £64.00 and £64.03. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, May 03, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
A buy signal from a double bottom formation was found on Monday, April 08, 2024 with a target of £60.32. Despite whether the objective of the signal formation has been reached the stock may continue to perform well.
Support, Risk & Stop-loss for LPA Group Plc stock
LPA Group Plc finds support from accumulated volume at £63.25 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved £0 between high and low, or 0%. For the last week the stock has had daily average volatility of 0.84%
Our recommended stop-loss: £61.18 (-4.40%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (LPA.L) For The Upcoming Trading Day Of Wednesday 8th
For the upcoming trading day on Wednesday, 8th we expect LPA Group Plc to open at £64.00, and during the day (based on 14 day Average True Range), to move between £61.94 and £66.06, which gives a possible trading interval of +/-£2.06 (+/-3.21%) up or down from last closing price. If LPA Group Plc takes out the full calculated possible swing range there will be an estimated 6.42% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £63.25 (1.17%) than the resistance at £66.00 (3.13%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is LPA Group Plc stock A Buy?
LPA Group Plc 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: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for LPA Group Plc of Wednesday, May 8, 2024
| Fair opening price May 8, 2024 | Current price |
|---|---|
| £64.00 ( 0%) | £64.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LPA.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 64.00 | . | |
| R2 | 64.00 | . | ||
| R1 | 64.00 | . | ||
| Current price: | 64.00 | |||
| Support | S1 | 64.00 | . | |
| S2 | 64.00 | . | ||
| S3 | 64.00 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 77.50 | 21.09 % | |
| R2 | 75.50 | 17.97 % | ||
| R1 | 66.00 | 3.13 % | ||
| Current price | 64.00 | |||
| Support | S1 | 63.25 | -1.17% | |
| S2 | 61.50 | -3.91% | ||
| S3 | 58.10 | -9.22% |
LPA Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 14, 2024 | Mar 14, 2024 | Apr 12, 2024 | £1.00 | 1.60% |
| 2 | Jan 28, 2020 | Feb 27, 2020 | Mar 27, 2020 | £1.80 | 2.47% |
| 3 | Jun 20, 2019 | Sep 05, 2019 | Sep 27, 2019 | £1.10 | 1.39% |
| 4 | Jan 24, 2019 | Mar 07, 2019 | Mar 29, 2019 | £1.80 | 1.75% |
| 5 | Jun 21, 2018 | Sep 06, 2018 | Sep 26, 2018 | £1.10 | 0.99% |
FAQ
Click here for our free guide on how to buy LPA Group Plc Stock.
