L'Oreal Company ADR Stock Forecast
L'Oreal Company ADR stock downgraded from Sell Candidate to Strong Sell Candidate after Friday trading session.
(Updated on Apr 26, 2024)
The L'Oreal Company ADR stock price gained 0.92% on the last trading day (Friday, 26th Apr 2024), rising from $92.35 to $93.20. During the last trading day the stock fluctuated 1.11% from a day low at $92.48 to a day high of $93.51. The price has risen in 6 of the last 10 days and is up by 6.26% over the past 2 weeks. Volume fell on the last day by -18 thousand shares and in total, 69 thousand shares were bought and sold for approximately $6.38 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies the upper part of a 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 $94.45 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 -5.60% during the next 3 months and, with a 90% probability hold a price between $81.76 and $89.16 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.
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LRLCY Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The L'Oreal Company ADR 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 $93.80 and $93.36. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, April 19, 2024, and so far it has fallen -1.79%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for L'Oreal Company ADR stock
L'Oreal Company ADR finds support from accumulated volume at $91.52 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 $1.03 between high and low, or 1.11%. For the last week, the stock has had daily average volatility of 1.31%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (LRLCY) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect L'Oreal Company ADR to open at $93.06, and during the day (based on 14 day Average True Range), to move between $91.41 and $94.99, which gives a possible trading interval of +/-$1.79 (+/-1.92%) up or down from last closing price. If L'Oreal Company ADR takes out the full calculated possible swing range there will be an estimated 3.84% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $91.52 (1.80%) than the resistance at $96.41 (3.45%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is L'Oreal Company ADR stock A Buy?
L'Oreal Company ADR holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore 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 Sell to a Strong Sell candidate.
Current score: -5.304 Strong Sell Candidate Downgraded
Predicted Opening Price for L'Oreal Company ADR of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $93.06 ( 0.147%) | $93.20 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LRLCY
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 94.09 | 0.96 % | |
| R2 | 93.70 | 0.536 % | ||
| R1 | 93.46 | 0.276 % | ||
| Current price: | 93.20 | |||
| Support | S1 | 92.67 | -0.569 % | |
| S2 | 92.43 | -0.83 % | ||
| S3 | 92.03 | -1.25 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 97.94 | 5.09 % | |
| R2 | 97.73 | 4.86 % | ||
| R1 | 96.41 | 3.45 % | ||
| Current price | 93.20 | |||
| Support | S1 | 91.52 | -1.80% | |
| S2 | 90.43 | -2.97% | ||
| S3 | 87.42 | -6.20% |
LRLCY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 24, 2024 | Apr 24, 2024 | May 21, 2024 | $1.42 | 1.53% |
| 2 | Jul 23, 2023 | Apr 24, 2023 | May 19, 2023 | $1.28 | 1.40% |
| 3 | Apr 20, 2022 | Apr 25, 2022 | May 20, 2022 | $1.09 | 1.67% |
| 4 | Mar 08, 2021 | Apr 23, 2021 | May 20, 2021 | $0.95 | 1.09% |
| 5 | Jul 01, 2020 | Jul 01, 2020 | Jul 01, 2020 | $0.86 | 1.35% |
FAQ
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