Red day on Wednesday for Lattice Semiconductor Corporation
(Updated on Jan 19, 2022)
Sell candidate since 2022-01-19 PDF
The Lattice Semiconductor Corporation stock price fell by -2.77% on the last day (Wednesday, 19th Jan 2022) from $60.59 to $58.91. and has now fallen 3 days in a row. During the day the stock fluctuated 5.70% from a day low at $58.60 to a day high of $61.94. The price has fallen in 8 of the last 10 days and is down by -20.64% 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 -257 thousand shares and in total, 1 million shares were bought and sold for approximately $61.22 million.
Given the current short-term trend, the stock is expected to fall -7.84% during the next 3 months and, with a 90% probability hold a price between $54.29 and $73.96 at the end of this 3-month period.
Signals & Forecast
There are few to no technical positive signals at the moment. The Lattice Semiconductor 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 $64.38 and $73.01. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, November 16, 2021, and so far it has fallen -30.69%. 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
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $3.34 between high and low, or 5.70%. For the last week, the stock has had a daily average volatility of 5.47%.
Lattice Semiconductor Corporation is oversold on RSI14 (16). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold an negative evaluation for this stock. No stop-loss is set.
Is Lattice Semiconductor Corporation stock A Buy?
Lattice Semiconductor Corporation holds several negative signals and is within a very wide and 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.
Current score: -5.946Strong Sell Candidate Unchanged
Insiders are negative selling more shares than they are buying in Lattice Semiconductor Corporation
In the last 100 trades there were 573.79 thousand shares bought and 993.73 thousand shares sold. The last trade was done 13 days ago by Nelson Mark Jon who sold 13.86 thousand shares. In general the insiders are selling more stocks than they buy. There can be a variety of reasons for this, but in general it can be considered as a negative signal.
Predicted Opening Price for Lattice Semiconductor Corporation of Thursday, January 20, 2022
The predicted opening price is based on yesterday's movements between high, low, and the closing price.
|Fair opening price January 20, 2022||Current price|
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On Nov 16, 2021 "Benchmark" gave "$81.00 - $96.00" rating for LSCC. The price target was set to $84.18+1.3%.
LSCC Insider Trading
|Jan 08, 2022||Sell||13 859||Nelson Mark Jon||Restricted Stock Unit (RSU)|
|Jan 08, 2022||Sell||110 784||Nelson Mark Jon||Performance Restricted Stock Unit (PRSU)|
|Jan 08, 2022||Sell||4 943||Nelson Mark Jon||Common Stock|
|Jan 08, 2022||Buy||13 859||Nelson Mark Jon||Common Stock|
|Jan 08, 2022||Sell||54 826||Nelson Mark Jon||Common Stock|
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