Landsea Homes Corporation Stock Forecast

Landsea Homes Corporation stock price up more than 5.58% on Tuesday
(Updated on May 07, 2024)

LSEAW Signals & Forecast

A buy signal was issued from a pivot bottom point on Monday, May 06, 2024, and so far it has risen 5.58%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Landsea Homes 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 $0.220 and $0.296. A break-up above any of these levels will issue buy signals. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Landsea Homes Corporation stock

Landsea Homes Corporation finds support from accumulated volume at $0.210 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved $0.0119 between high and low, or 5.95%. For the last week the stock has had daily average volatility of 6.73%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (LSEAW) For The Upcoming Trading Day Of Wednesday 8th

For the upcoming trading day on Wednesday, 8th we expect Landsea Homes Corporation to open at $0.208, and during the day (based on 14 day Average True Range), to move between $0.180 and $0.244, which gives a possible trading interval of +/-$0.0317 (+/-14.97%) up or down from last closing price. If Landsea Homes Corporation takes out the full calculated possible swing range there will be an estimated 29.94% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.210 (0.80%) than the resistance at $0.232 (9.40%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Landsea Homes Corporation stock A Buy?

Landsea Homes 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.

Current score: -4.161 Sell Candidate Upgraded

Predicted Opening Price for Landsea Homes Corporation of Wednesday, May 8, 2024

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