Lumen Technologies Stock Forecast
Lumen Technologies stock price took a fall of -5.48% on Tuesday
(Updated on Jun 25, 2024)
The Lumen Technologies stock price fell by -5.48% on the last day (Tuesday, 25th Jun 2024) from $1.05 to $0.99. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 6.91% from a day low at $0.99 to a day high of $1.06. The price has fallen in 7 of the last 10 days and is down by -18.65% for this period. Volume has increased on the last day by 3 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 8 million shares were bought and sold for approximately $8.30 million.
The stock has broken the wide and falling short-term trend down. Firstly a stronger fallrate is indicated, but false breaks and "sell-off" may occur. However, a further fall is realistic and any reactions back to the breaking point ($1.00) are considered to be a "second chance" to get out. According to the fan-theory $0.81 will represent the new bottom line of the next trend, but it is far too early to say this for certain.
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LUMN Signals & Forecast
There are few to no technical positive signals at the moment. The Lumen Technologies 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 $1.07 and $1.24. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, May 09, 2024, and so far it has fallen -25.93%. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Lumen Technologies stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
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 $0.0685 between high and low, or 6.91%. For the last week, the stock has had daily average volatility of 7.91%.
Lumen Technologies is oversold on RSI14 (24). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (LUMN) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Lumen Technologies Inc. to open at $1.01, and during the day (based on 14 day Average True Range), to move between $0.92 and $1.06, which gives a possible trading interval of +/-$0.0679 (+/-6.84%) up or down from last closing price. If Lumen Technologies Inc. takes out the full calculated possible swing range there will be an estimated 13.69% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $1.07, some $0.0775 (7.81%) from the current price of $0.99, our system finds the risk reward not very attractive.
Is Lumen Technologies Inc. stock A Buy?
Lumen Technologies holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Sell candidate.
Current score: -6.915 Strong Sell Candidate Downgraded
Predicted Opening Price for Lumen Technologies Inc. of Wednesday, June 26, 2024
Fair opening price June 26, 2024 | Current price |
---|---|
$1.01 ( 2.23%) | $0.99 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LUMN
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 1.08 | 9.14% |
R2 | 1.06 | 6.50% |
R1 | 1.04 | 4.87% |
Price | 0.99 | |
S1 | 0.99 | -0.403% |
S2 | 0.97 | -2.03% |
S3 | 0.95 | -4.67% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 1.21 | 21.91% |
R2 | 1.19 | 19.90% |
R1 | 1.07 | 7.81% |
Price | 0.99 | |
S1 | 0 | - |
S2 | 0 | - |
S3 | 0 | - |
LUMN Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Aug 18, 2022 | Aug 29, 2022 | Sep 09, 2022 | $0.250 | 2.51% |
2 | May 19, 2022 | May 27, 2022 | Jun 10, 2022 | $0.250 | 2.22% |
3 | Feb 24, 2022 | Mar 07, 2022 | Mar 18, 2022 | $0.250 | 2.25% |
4 | Nov 18, 2021 | Nov 26, 2021 | Dec 10, 2021 | $0.250 | 2.06% |
5 | Aug 19, 2021 | Aug 27, 2021 | Sep 10, 2021 | $0.250 | 2.09% |
FAQ
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