Louisiana-Pacific Corporation Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Louisiana-Pacific Corporation stock upgraded from Strong Sell Candidate to Sell Candidate after Tuesday trading session.
(Updated on Jul 02, 2024)
The Louisiana-Pacific Corporation stock price fell by -0.547% on the last day (Tuesday, 2nd Jul 2024) from $82.31 to $81.86. It has now fallen 10 days in a row. During the last trading day the stock fluctuated 1.11% from a day low at $81.10 to a day high of $82.00. The price has fallen in 10 of the last 10 days and is down by -7.91% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -438 thousand shares and in total, 619 thousand shares were bought and sold for approximately $50.71 million.
The stock has broken the wide and strong rising short-term trend down. This signalizes a slower rate of rising, but may also be an early warning about a possible trend shift. Due to the trend being broken there will now be resistance at the bottom line of the trend at $84.85. A reaction back to this level may hold a second chance to get out before further falls.
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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. 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 $82.85 and $88.93. 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 -12.56%. 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 together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
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.
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 $0.90 between high and low, or 1.11%. For the last week, the stock has had daily average volatility of 1.75%.
Louisiana-Pacific Corporation is oversold on RSI14 (12). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.
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 Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Louisiana-Pacific Corporation to open at $81.65, and during the day (based on 14 day Average True Range), to move between $79.72 and $84.00, which gives a possible trading interval of +/-$2.14 (+/-2.61%) up or down from last closing price. If Louisiana-Pacific Corporation takes out the full calculated possible swing range there will be an estimated 5.22% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $77.48 (5.35%) than the resistance at $86.97 (6.24%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -3.483 Sell Candidate Upgraded
Predicted Opening Price for Louisiana-Pacific Corporation of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $81.65 ( 0.252%) | $81.86 |
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 | 82.55 | 0.85% |
| R2 | 82.21 | 0.427% |
| R1 | 82.00 | 0.168% |
| Price | 81.86 | |
| S1 | 81.31 | -0.672% |
| S2 | 81.10 | -0.93% |
| S3 | 80.75 | -1.35% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 92.04 | 12.44% |
| R2 | 88.14 | 7.67% |
| R1 | 86.97 | 6.24% |
| Price | 81.86 | |
| S1 | 77.48 | -5.35% |
| S2 | 74.82 | -8.60% |
| S3 | 72.97 | -10.86% |
LPX Dividend Payout History
| # | 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
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