Landstar System 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
Stronger technical forecast for Landstar System stock price after Monday trading.
(Updated on May 06, 2024)
The Landstar System stock price gained 0.694% on the last trading day (Monday, 6th May 2024), rising from $180.14 to $181.39. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 1.87% from a day low at $179.82 to a day high of $183.19. The price has been going up and down for this period, and there has been a 5.82% gain for the last 2 weeks. Volume fell on the last day by -83 thousand shares and in total, 252 thousand shares were bought and sold for approximately $45.77 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 wide and 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 $183.91 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 -10.15% during the next 3 months and, with a 90% probability hold a price between $146.47 and $165.24 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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LSTR Signals & Forecast
Mostly positive signals in the chart today. The Landstar System 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 $177.11 and $180.16. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 8.55%. 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 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.
Support, Risk & Stop-loss for Landstar System stock
Landstar System finds support from accumulated volume at $178.91 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 $3.37 between high and low, or 1.87%. For the last week, the stock has had daily average volatility of 2.13%.
Our recommended stop-loss: $174.29 (-3.91%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 12 days ago.)
Trading Expectations (LSTR) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect Landstar System to open at $181.47, and during the day (based on 14 day Average True Range), to move between $177.42 and $185.36, which gives a possible trading interval of +/-$3.97 (+/-2.19%) up or down from last closing price. If Landstar System takes out the full calculated possible swing range there will be an estimated 4.38% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $183.63 (1.23%) than the support at $178.91 (1.37%), 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 Landstar System 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.374 Buy Candidate Upgraded
Predicted Opening Price for Landstar System of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| $181.47 ( 0.0413%) | $181.39 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LSTR
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 184.83 | 1.90 % | |
| R2 | 183.54 | 1.19 % | ||
| R1 | 182.75 | 0.750 % | ||
| Current price: | 181.39 | |||
| Support | S1 | 180.18 | -0.667 % | |
| S2 | 179.39 | -1.11 % | ||
| S3 | 178.10 | -1.81 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 190.20 | 4.86 % | |
| R2 | 185.41 | 2.22 % | ||
| R1 | 183.63 | 1.23 % | ||
| Current price | 181.39 | |||
| Support | S1 | 178.91 | -1.37% | |
| S2 | 177.43 | -2.18% | ||
| S3 | 168.03 | -7.37% |
LSTR Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 07, 2024 | May 07, 2024 | May 24, 2024 | $0.330 | 0.182% |
| 2 | Jan 31, 2024 | Feb 09, 2024 | Mar 08, 2024 | $0.330 | 0.177% |
| 3 | Dec 05, 2023 | Jan 02, 2024 | Jan 19, 2024 | $2.00 | 1.03% |
| 4 | Oct 25, 2023 | Nov 06, 2023 | Dec 01, 2023 | $0.330 | 0.187% |
| 5 | Jul 24, 2023 | Aug 09, 2023 | Aug 25, 2023 | $0.330 | 0.177% |
FAQ
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