James Latham Plc Stock Forecast
Weaker technical forecast for James Latham Plc as stock downgraded to Hold/Accumulate.
(Updated on May 02, 2024)
The James Latham Plc stock price gained 0.417% on the last trading day (Thursday, 2nd May 2024), rising from £1,200.00 to £1,205.00. During the last trading day the stock fluctuated 5.83% from a day low at £1,150.00 to a day high of £1,217.00. The price has risen in 4 of the last 10 days and is up by 4.33% over the past 2 weeks. Volume fell on the last day by -14 thousand shares and in total, 8 thousand shares were bought and sold for approximately £9.32 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 has broken the narrow and weak rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at £1,153.06, a level that may pose a second chance to hit a runner.
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LTHM.L Signals & Forecast
The James Latham Plc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at £1,176.00 and £1,141.96. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, March 27, 2024, and so far it has risen 8.31%. 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. The stock had a Golden Star Signal on Thursday, April 04, 2024 in the short-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star
The stock had a Golden Star Signal on Thursday, April 04, 2024 in the short-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
A buy signal from a double bottom formation was found on Wednesday, March 27, 2024 with a target of £1,125.14. Despite whether the objective of the signal formation has been reached the stock may continue to perform well.
Support, Risk & Stop-loss for James Latham Plc stock
James Latham Plc finds support from accumulated volume at £1,160.00 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 very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved £67.00 between high and low, or 5.83%. For the last week the stock has had daily average volatility of 4.69%.
Our recommended stop-loss: £1,152.52 (-4.35%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 24 days ago.)
Trading Expectations (LTHM.L) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect James Latham Plc to open at £1,190.67, and during the day (based on 14 day Average True Range), to move between £1,166.97 and £1,243.03, which gives a possible trading interval of +/-£38.03 (+/-3.16%) up or down from last closing price. If James Latham Plc takes out the full calculated possible swing range there will be an estimated 6.31% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ £1,160.00, some £45.00 (3.73%) from the current price of £1,205.00, our system finds the risk reward attractive.
Is James Latham Plc stock A Buy?
James Latham Plc holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Hold/Accumulate candidate.
Current score: 0.000 Hold/Accumulate Downgraded
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for James Latham Plc of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| £1,190.67 ( 1.19%) | £1,205.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LTHM.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,257.67 | 4.37 % | |
| R2 | 1,232.07 | 2.25 % | ||
| R1 | 1,216.26 | 0.93 % | ||
| Current price: | 1,205.00 | |||
| Support | S1 | 1,165.07 | -3.31 % | |
| S2 | 1,149.26 | -4.63 % | ||
| S3 | 1,123.67 | -6.75 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 1,205.00 | |||
| Support | S1 | 1,160.00 | -3.73% | |
| S2 | 1,145.00 | -4.98% | ||
| S3 | 1,125.00 | -6.64% |
LTHM Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 04, 2024 | Jan 04, 2024 | Jan 04, 2024 | £0 | 0% |
| 2 | Aug 03, 2023 | Aug 03, 2023 | Aug 03, 2023 | £8.00 | 0.625% |
| 3 | Dec 01, 2022 | Dec 29, 2022 | Jan 27, 2023 | £7.25 | 0.569% |
| 4 | Jun 29, 2022 | Aug 04, 2022 | Sep 02, 2022 | £8.00 | 0.693% |
| 5 | Nov 25, 2021 | Dec 16, 2021 | Jan 21, 2022 | £6.50 | 0.498% |
FAQ
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