Lexington Realty Trust Stock Forecast
Red day on Wednesday for Lexington Realty Trust stock after losing 2.62%
(Updated on Apr 24, 2024)
The Lexington Realty Trust stock price fell by -2.62% on the last day (Wednesday, 24th Apr 2024) from $8.77 to $8.54. During the last trading day the stock fluctuated 2.23% from a day low at $8.53 to a day high of $8.72. The price has fallen in 6 of the last 10 days and is down by -5.53% for this period. Volume has increased on the last day by 1 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, 3 million shares were bought and sold for approximately $26.35 million.
The stock lies in the middle of a wide 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 -2.89% during the next 3 months and, with a 90% probability hold a price between $8.07 and $9.00 at the end of this 3-month period.
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LXP Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 0.83%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Lexington Realty Trust 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 $8.62 and $8.91. A break-up above any of these levels will issue buy signals. 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.
A buy signal from a double bottom formation was found on Thursday, April 18, 2024 and based on theory for this formation the price should go up by 6.95% to $9.13 within 37 trading days since signal was issued (Thursday, April 25, 2024).
Support, Risk & Stop-loss for Lexington Realty Trust stock
Lexington Realty Trust finds support from accumulated volume at $8.53 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.190 (2.23%) between high and low. For the last week, the stock has had daily average volatility of 1.97%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (LXP) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Lexington Realty Trust to open at $8.60, and during the day (based on 14 day Average True Range), to move between $8.33 and $8.75, which gives a possible trading interval of +/-$0.213 (+/-2.49%) up or down from last closing price. If Lexington Realty Trust takes out the full calculated possible swing range there will be an estimated 4.98% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $8.53 (0.12%) than the resistance at $8.75 (2.46%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Lexington Realty Trust will release earnings BMO on Thursday, May 02, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.160. We will update the financials statements for Lexington Realty Trust, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 4.13% in the first trading day after earnings release.
Is Lexington Realty Trust stock A Buy?
Lexington Realty Trust 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.
Current score: -1.786 Sell Candidate Unchanged
Predicted Opening Price for Lexington Realty Trust of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| $8.60 ( 0.664%) | $8.54 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LXP
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 8.79 | 2.89 % | |
| R2 | 8.71 | 2.04 % | ||
| R1 | 8.67 | 1.51 % | ||
| Current price: | 8.54 | |||
| Support | S1 | 8.52 | -0.186 % | |
| S2 | 8.48 | -0.711 % | ||
| S3 | 8.41 | -1.56 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 9.10 | 6.56 % | |
| R2 | 8.89 | 4.10 % | ||
| R1 | 8.75 | 2.46 % | ||
| Current price | 8.54 | |||
| Support | S1 | 8.53 | -0.117% | |
| S2 | 8.49 | -0.585% | ||
| S3 | 8.47 | -0.82% |
LXP Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 18, 2024 | Mar 27, 2024 | Apr 15, 2024 | $0.130 | 1.46% |
| 2 | Oct 31, 2023 | Dec 28, 2023 | Jan 16, 2024 | $0.130 | 1.39% |
| 3 | Sep 13, 2023 | Sep 28, 2023 | Oct 16, 2023 | $0.125 | 1.46% |
| 4 | Jun 09, 2023 | Jun 29, 2023 | Jul 17, 2023 | $0.125 | 1.21% |
| 5 | Mar 15, 2023 | Mar 30, 2023 | Apr 17, 2023 | $0.125 | 1.30% |
FAQ
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