Lasertec Corporation Stock Forecast
Lasertec Corporation stock price up 1.51% on Monday
(Updated on May 06, 2024)
The Lasertec Corporation stock price gained 1.51% on the last trading day (Monday, 6th May 2024), rising from $53.71 to $54.52. It has now gained 7 days in a row. It is not often that stocks manage to gain so many days in a row, and falls for a day or two should be expected. During the last trading day the stock fluctuated 0.93% from a day low at $54.03 to a day high of $54.53. The price has risen in 7 of the last 10 days and is up by 21.51% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 34 thousand more shares were traded than the day before. In total, 115 thousand shares were bought and sold for approximately $6.25 million.
Given the current short-term trend, the stock is expected to fall -10.23% during the next 3 months and, with a 90% probability hold a price between $38.04 and $48.94 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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LSRCY Signals & Forecast
Mostly positive signals in the chart today. The Lasertec Corporation stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $49.35 and $51.88. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, April 25, 2024, and so far it has risen 26.54%. 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). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Lasertec Corporation stock
Lasertec Corporation finds support from accumulated volume at $52.21 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 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 $0.502 between high and low, or 0.93%. For the last week, the stock has had daily average volatility of 1.92%.
Since the Lasertec Corporation has been rising for 7 days in a row, the risk over the next couple of days has increased. We don't expect a major reaction as the stock is in very good shape technically, and therefore hold a positive evaluation despite the very short term risk.
Our recommended stop-loss: $52.38 (-3.92%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 7 days ago.)
Trading Expectations (LSRCY) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect Lasertec Corporation to open at $54.36, and during the day (based on 14 day Average True Range), to move between $52.82 and $56.22, which gives a possible trading interval of +/-$1.70 (+/-3.12%) up or down from last closing price. If Lasertec Corporation takes out the full calculated possible swing range there will be an estimated 6.23% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $54.73 (0.39%) than the support at $52.21 (4.24%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Lasertec Corporation stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.
Current score: 3.649 Buy Candidate Unchanged
Predicted Opening Price for Lasertec Corporation of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| $54.36 ( 0.295%) | $54.52 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LSRCY
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 54.86 | 0.626 % | |
| R2 | 54.67 | 0.274 % | ||
| R1 | 54.55 | 0.0570 % | ||
| Current price: | 54.52 | |||
| Support | S1 | 54.17 | -0.646 % | |
| S2 | 54.05 | -0.86 % | ||
| S3 | 53.86 | -1.22 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 55.30 | 1.43 % | |
| R2 | 55.26 | 1.36 % | ||
| R1 | 54.73 | 0.385 % | ||
| Current price | 54.52 | |||
| Support | S1 | 52.21 | -4.24% | |
| S2 | 47.25 | -13.33% | ||
| S3 | 43.68 | -19.88% |
LSRCY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 28, 2023 | Dec 28, 2023 | Mar 01, 2024 | $0.0659 | 0.120% |
| 2 | Jun 29, 2023 | Jun 29, 2023 | Oct 13, 2023 | $0.108 | 0.307% |
| 3 | Dec 29, 2022 | Dec 29, 2022 | Mar 22, 2023 | $0.0478 | 0.144% |
| 4 | Jun 29, 2022 | Jun 29, 2022 | Oct 14, 2022 | $0.0566 | 0.258% |
| 5 | Dec 29, 2021 | Dec 29, 2021 | Dec 29, 2021 | $0.0340 | 0.0556% |
FAQ
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