Louisiana-Pacific Corporation Stock Forecast

Red day on Thursday for Louisiana-Pacific Corporation
(Updated on Apr 25, 2024)

LPX Signals & Forecast

There are few to no technical positive signals at the moment. The Louisiana-Pacific Corporation stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $78.11. On a fall, the stock will find some support from the short-term average at $73.43. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Thursday, March 28, 2024, and so far it has fallen -10.83%. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss for Louisiana-Pacific Corporation stock

On the downside, the stock finds support just below today's level from accumulated volume at $70.13 and $68.69. 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, Louisiana-Pacific Corporation finds support just below today's level at $70.13. If this is broken, then the next support from accumulated volume will be at $68.69 and $68.54.

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 $1.19 between high and low, or 1.61%. For the last week, the stock has had daily average volatility of 2.23%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (LPX) For The Upcoming Trading Day Of Friday 26th

For the upcoming trading day on Friday, 26th we expect Louisiana-Pacific Corporation to open at $74.57, and during the day (based on 14 day Average True Range), to move between $72.92 and $76.72, which gives a possible trading interval of +/-$1.90 (+/-2.54%) up or down from last closing price. If Louisiana-Pacific Corporation takes out the full calculated possible swing range there will be an estimated 5.09% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $78.32 (4.68%) than the support at $70.13 (6.27%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Louisiana-Pacific Corporation stock A Buy?

The Louisiana-Pacific Corporation stock holds several negative signals and despite the positive trend, we believe Louisiana-Pacific Corporation will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -3.899 Sell Candidate Unchanged

Predicted Opening Price for Louisiana-Pacific Corporation of Friday, April 26, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.