Lectra SA 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
Red day on Friday for Lectra SA stock after losing 1.42%
(Updated on May 31, 2024)
The Lectra SA stock price fell by -1.42% on the last day (Friday, 31st May 2024) from 31.60€ to 31.15€. It has now fallen 5 days in a row. During the last trading day the stock fluctuated 2.25% from a day low at 31.15€ to a day high of 31.85€. The price has fallen in 8 of the last 10 days and is down by -6.74% 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 -16 thousand shares and in total, 14 thousand shares were bought and sold for approximately 438.03€ thousand.
The stock has broken the weak rising short-term trend down. This signalizes a slower rate of rising, but may also be an early warning about a possible trend shift. Due to the trend being broken there will now be resistance at the bottom line of the trend at 32.49€. A reaction back to this level may hold a second chance to get out before further falls.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
LSS.PA Signals & Forecast
There are few to no technical positive signals at the moment. The Lectra SA 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 32.14€ and 33.10€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, May 07, 2024, and so far it has fallen -8.92%. 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 along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
A sell signal from a double top formation was found on Tuesday, May 07, 2024 with a target of 31.59€. Despite whether the objective of the signal formation has been reached the stock may continue to fall.
Support, Risk & Stop-loss for Lectra SA stock
Lectra SA finds support from accumulated volume at 31.00€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have controlled movements and therefore the general risk is considered low. However, be aware of low or falling volume and make sure to keep an eye on the stock. During the last day, the stock moved 0.700€ between high and low, or 2.25%. For the last week the stock has had daily average volatility of 2.21%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (LSS.PA) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect Lectra SA to open at 31.38€, and during the day (based on 14 day Average True Range), to move between 30.35€ and 31.95€, which gives a possible trading interval of +/-0.797€ (+/-2.56%) up or down from last closing price. If Lectra SA takes out the full calculated possible swing range there will be an estimated 5.12% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 31.00€ (0.48%) than the resistance at 31.30€ (0.48%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Lectra SA stock A Buy?
The Lectra SA stock holds several negative signals and despite the positive trend, we believe Lectra SA will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.349 Sell Candidate Unchanged
Predicted Opening Price for Lectra SA of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| 31.38€ ( 0.749%) | 31.15€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LSS.PA
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 32.08 | 3.00 % | |
| R2 | 31.82 | 2.14 % | ||
| R1 | 31.65 | 1.61 % | ||
| Current price: | 31.15 | |||
| Support | S1 | 31.12 | -0.109 % | |
| S2 | 30.95 | -0.640 % | ||
| S3 | 30.68 | -1.50 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 34.00 | 9.15 % | |
| R2 | 32.30 | 3.69 % | ||
| R1 | 31.30 | 0.482 % | ||
| Current price | 31.15 | |||
| Support | S1 | 31.00 | -0.482% | |
| S2 | 30.85 | -0.96% | ||
| S3 | 0 | . |
LSS Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 30, 2024 | Apr 30, 2024 | May 03, 2024 | 0.360€ | 1.10% |
| 2 | May 03, 2023 | May 03, 2023 | May 03, 2023 | 0.480€ | 1.66% |
| 3 | May 04, 2022 | May 04, 2022 | May 04, 2022 | 0.360€ | 0.97% |
| 4 | May 05, 2021 | May 05, 2021 | May 05, 2021 | 0.240€ | 0.82% |
| 5 | Feb 12, 2020 | May 06, 2020 | May 08, 2020 | 0.400€ | 2.49% |
FAQ
Click here for our free guide on how to buy Lectra SA Stock.
