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 price down 0.437% on Wednesday
(Updated on May 01, 2024)
The Louisiana-Pacific Corporation stock price fell by -0.437% on the last day (Wednesday, 1st May 2024) from $73.19 to $72.87. It has now fallen 5 days in a row. During the last trading day the stock fluctuated 3.86% from a day low at $72.06 to a day high of $74.84. The price has fallen in 6 of the last 10 days but is still up by 0.16% over the past 2 weeks. Volume has increased on the last day by 635 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, 658 thousand shares were bought and sold for approximately $47.92 million.
Given the current short-term trend, the stock is expected to rise 11.05% during the next 3 months and, with a 90% probability hold a price between $80.92 and $96.82 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. 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 $74.10 and $77.80. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, March 28, 2024, and so far it has fallen -13.16%. 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
Louisiana-Pacific Corporation finds support from accumulated volume at $70.13 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 $2.78 between high and low, or 3.86%. For the last week, the stock has had daily average volatility of 2.35%.
Our recommended stop-loss: $69.77 (-4.25%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 23 days ago.)
Trading Expectations (LPX) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect Louisiana-Pacific Corporation to open at $73.26, and during the day (based on 14 day Average True Range), to move between $70.97 and $74.77, which gives a possible trading interval of +/-$1.90 (+/-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 $70.13 (3.76%) than the resistance at $78.32 (7.48%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Louisiana-Pacific Corporation will release earnings BMO on Wednesday, May 08, 2024.The consensus among the analysts for the expected earnings (EPS) is $1.13. We will update the financials statements for Louisiana-Pacific Corporation, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 7.35% in the first trading day after earnings release.
Is Louisiana-Pacific Corporation stock A Buy?
Louisiana-Pacific Corporation 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: -0.441 Hold/Accumulate Unchanged
Predicted Opening Price for Louisiana-Pacific Corporation of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| $73.26 ( 0.531%) | $72.87 |
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 | |||
|---|---|---|---|---|
| Resistance | R3 | 76.04 | 4.35 % | |
| R2 | 74.97 | 2.89 % | ||
| R1 | 74.32 | 1.99 % | ||
| Current price: | 72.87 | |||
| Support | S1 | 72.19 | -0.93 % | |
| S2 | 71.54 | -1.83 % | ||
| S3 | 70.48 | -3.28 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 80.60 | 10.61 % | |
| R2 | 78.44 | 7.64 % | ||
| R1 | 78.32 | 7.48 % | ||
| Current price | 72.87 | |||
| Support | S1 | 70.13 | -3.76% | |
| S2 | 68.69 | -5.74% | ||
| S3 | 68.54 | -5.94% |
LPX Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 22, 2024 | Feb 22, 2024 | Mar 08, 2024 | $0.260 | 0.338% |
| 2 | Oct 26, 2023 | Nov 09, 2023 | Nov 22, 2023 | $0.240 | 0.392% |
| 3 | Jul 28, 2023 | Aug 10, 2023 | Aug 25, 2023 | $0.240 | 0.396% |
| 4 | Apr 28, 2023 | May 11, 2023 | Aug 25, 2023 | $0.240 | 0.396% |
| 5 | Feb 17, 2023 | Mar 09, 2023 | May 26, 2023 | $0.240 | 0.406% |
FAQ
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