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Weaker technical forecast for Louisiana-Pacific Corporation as stock downgraded to Sell Candidate.
(Updated on Jun 20, 2024)

Sell candidate since Jun 20, 2024 PDF

The Louisiana-Pacific Corporation stock price fell by -2.27% on the last day (Thursday, 20th Jun 2024) from $88.64 to $86.63. It has now fallen 4 days in a row. During the last trading day the stock fluctuated 2.67% from a day low at $85.93 to a day high of $88.22. The price has been going up and down for this period, and there has been a -5.48% loss for the last 2 weeks. Volume has increased on the last day by 194 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 787 thousand shares were bought and sold for approximately $68.19 million.

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 20.97% during the next 3 months and, with a 90% probability hold a price between $100.89 and $114.53 at the end of this 3-month period.

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LPX Signals & Forecast

There are few to no technical positive signals at the moment. The Louisiana-Pacific Corporation stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $90.80 and $87.90. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, June 13, 2024, and so far it has fallen -7.47%. 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 $77.48 and $74.82. 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 $77.48. If this is broken, then the next support from accumulated volume will be at $74.82 and $72.97.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $2.29 between high and low, or 2.67%. For the last week the stock has had daily average volatility of 2.70%.

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 21st

For the upcoming trading day on Friday, 21st we expect Louisiana-Pacific Corporation to open at $86.93, and during the day (based on 14 day Average True Range), to move between $84.14 and $89.12, which gives a possible trading interval of +/-$2.49 (+/-2.88%) up or down from last closing price. If Louisiana-Pacific Corporation takes out the full calculated possible swing range there will be an estimated 5.76% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $86.97 (0.39%) than the support at $77.48 (10.56%), 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Sell candidate.

Current score: -3.058 Sell Candidate Downgraded

Predicted Opening Price for Louisiana-Pacific Corporation of Friday, June 21, 2024

Fair opening price June 21, 2024 Current price
$86.93 ( 0.341%) $86.63

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

Trading levels for LPX

Fibonacci Support & Resistance Levels

Level Price
R3 89.22 2.99%
R2 88.34 1.98%
R1 87.80 1.35%
Price 86.63
S1 86.05 -0.670%
S2 85.51 -1.30%
S3 84.63 -2.31%

Accumulated Volume Support & Resistance Levels

Level Price
R3 92.04 6.24%
R2 88.14 1.74%
R1 86.97 0.392%
Price 86.63
S1 77.48 -10.56%
S2 74.82 -13.63%
S3 72.97 -15.77%

LPX Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 May 21, 2024 May 21, 2024 Jun 05, 2024 $0.260 0.284%
2 Feb 22, 2024 Feb 22, 2024 Mar 08, 2024 $0.260 0.338%
3 Oct 26, 2023 Nov 09, 2023 Nov 22, 2023 $0.240 0.392%
4 Jul 28, 2023 Aug 10, 2023 Aug 25, 2023 $0.240 0.396%
5 Apr 28, 2023 May 11, 2023 Aug 25, 2023 $0.240 0.396%

FAQ

What is the symbol for Louisiana-Pacific Corporation Stock and on which exchange is it traded?
The symbol for Louisiana-Pacific Corporation is LPX and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Louisiana-Pacific Corporation Stock?
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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Sell candidate.

How to buy Louisiana-Pacific Corporation Stock?
Louisiana-Pacific Corporation Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Louisiana-Pacific Corporation Stock.

What's the current price of Louisiana-Pacific Corporation Stock?
As of the end of day on the Jun 20, 2024, the price of an Louisiana-Pacific Corporation (LPX) share was $86.63.

What is the 52-week high and low for Louisiana-Pacific Corporation Stock?
The 52-week high for Louisiana-Pacific Corporation Stock is $95.66 and the 52-week low is $49.47.

What is the market capitalization of Louisiana-Pacific Corporation Stock?
As of the Jun 20, 2024, the market capitalization of Louisiana-Pacific Corporation is 6.209B.

When is the next earnings date for Louisiana-Pacific Corporation?
The upcoming earnings date for Louisiana-Pacific Corporation is Aug 07, 2024.
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About Louisiana-Pacific Corporation

Louisiana-Pacific Louisiana-Pacific Corporation, together with its subsidiaries, manufactures and markets building products primarily for use in new home construction, repair and remodeling, and outdoor structure markets. It operates through four segments: Siding; Oriented Strand Board (OSB); Engineered Wood Products (EWP); and South America. The Siding segment offers LP SmartSide trim and siding products, LP SmartSide ExpertFinish trim and siding products, LP Bui... LPX Profile

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