Luzerner Kantonalbank AG Stock Forecast
Luzerner Kantonalbank AG stock upgraded from Sell Candidate to Hold/Accumulate after Thursday trading session.
(Updated on Jun 20, 2024)
The Luzerner Kantonalbank AG stock price gained 0.449% on the last trading day (Thursday, 20th Jun 2024), rising from 66.80 Fr to 67.10 Fr. During the last trading day the stock fluctuated 0.90% from a day low at 66.70 Fr to a day high of 67.30 Fr. The price has fallen in 5 of the last 10 days and is down by -1.03% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 23 thousand more shares were traded than the day before. In total, 31 thousand shares were bought and sold for approximately 2.07 Fr million.
The stock lies in the middle of a narrow and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -5.37% during the next 3 months and, with a 90% probability hold a price between 62.40 Fr and 64.36 Fr 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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LUKN.SW Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has risen 1.36%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Luzerner Kantonalbank AG stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at 68.10 Fr. On a fall, the stock will find some support from the short-term average at 66.76 Fr. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Luzerner Kantonalbank AG stock
Luzerner Kantonalbank AG finds support from accumulated volume at 66.80 Fr 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 0.600 Fr between high and low, or 0.90%. For the last week the stock has had daily average volatility of 0.784%.
Our recommended stop-loss: 63.00 Fr (-6.11%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 27 days ago.)
Trading Expectations (LUKN.SW) For The Upcoming Trading Day Of Friday 21st
For the upcoming trading day on Friday, 21st we expect Luzerner Kantonalbank AG to open at 67.03 Fr, and during the day (based on 14 day Average True Range), to move between 66.45 Fr and 67.75 Fr, which gives a possible trading interval of +/-0.651 Fr (+/-0.97%) up or down from last closing price. If Luzerner Kantonalbank AG takes out the full calculated possible swing range there will be an estimated 1.94% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 66.80 Fr (0.45%) than the resistance at 67.80 Fr (1.04%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Luzerner Kantonalbank AG stock A Buy?
Luzerner Kantonalbank AG 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.894 Hold/Accumulate Upgraded
Predicted Opening Price for Luzerner Kantonalbank AG of Friday, June 21, 2024
| Fair opening price June 21, 2024 | Current price |
|---|---|
| 67.03 Fr ( 0.0994%) | 67.10 Fr |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LUKN.SW
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 67.63 | 0.795% |
| R2 | 67.40 | 0.453% |
| R1 | 67.26 | 0.242% |
| Price | 67.10 | |
| S1 | 66.80 | -0.441% |
| S2 | 66.66 | -0.652% |
| S3 | 66.43 | -0.99% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 70.50 | 5.07% |
| R2 | 69.00 | 2.83% |
| R1 | 67.80 | 1.04% |
| Price | 67.10 | |
| S1 | 66.80 | -0.447% |
| S2 | 66.70 | -0.596% |
| S3 | 66.60 | -0.745% |
LUKN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 18, 2024 | Apr 18, 2024 | Apr 22, 2024 | 2.50 Fr | 3.61% |
| 2 | Apr 20, 2023 | Apr 20, 2023 | Apr 20, 2023 | 2.50 Fr | 3.13% |
| 3 | Apr 14, 2022 | Apr 14, 2022 | Apr 14, 2022 | 2.50 Fr | 2.99% |
| 4 | Apr 22, 2021 | Apr 22, 2021 | Apr 26, 2021 | 2.46 Fr | 2.87% |
| 5 | Apr 21, 2021 | Apr 21, 2021 | Apr 21, 2021 | 12.50 Fr | 14.09% |
FAQ
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