LyondellBasell Industries NV 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
LyondellBasell Industries NV stock price down 0.744% on Thursday
(Updated on May 02, 2024)
The LyondellBasell Industries NV stock price fell by -0.744% on the last day (Thursday, 2nd May 2024) from $99.52 to $98.78. It has now fallen 4 days in a row. During the last trading day the stock fluctuated 2.05% from a day low at $98.49 to a day high of $100.51. The price has fallen in 7 of the last 10 days and is down by -0.62% for this period. Volume has increased on the last day by 195 thousand 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, 2 million shares were bought and sold for approximately $152.04 million.
Given the current short-term trend, the stock is expected to rise 6.03% during the next 3 months and, with a 90% probability hold a price between $104.74 and $114.49 at the end of this 3-month period.
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LYB Signals & Forecast
There are few to no technical positive signals at the moment. The LyondellBasell Industries NV 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 $100.37 and $101.48. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, April 03, 2024, and so far it has fallen -6.69%. 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 LyondellBasell Industries NV stock
LyondellBasell Industries NV finds support from accumulated volume at $96.50 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 $2.02 between high and low, or 2.05%. For the last week the stock has had daily average volatility of 1.80%.
Our recommended stop-loss: $95.45 (-3.37%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 21 days ago.)
Trading Expectations (LYB) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect LyondellBasell Industries NV to open at $99.26, and during the day (based on 14 day Average True Range), to move between $96.99 and $100.57, which gives a possible trading interval of +/-$1.79 (+/-1.81%) up or down from last closing price. If LyondellBasell Industries NV takes out the full calculated possible swing range there will be an estimated 3.62% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $99.91 (1.14%) than the support at $96.50 (2.31%), 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 LyondellBasell Industries NV stock A Buy?
LyondellBasell Industries NV holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.065 Hold/Accumulate Unchanged
Predicted Opening Price for LyondellBasell Industries NV of Friday, May 3, 2024
Fair opening price May 3, 2024 | Current price |
---|---|
$99.26 ( 0.484%) | $98.78 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LYB
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 101.27 | 2.52 % | |
R2 | 100.50 | 1.74 % | ||
R1 | 100.03 | 1.26 % | ||
Current price: | 98.78 | |||
Support | S1 | 98.49 | -0.295 % | |
S2 | 98.01 | -0.776 % | ||
S3 | 97.24 | -1.56 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 101.71 | 2.97 % | |
R2 | 101.66 | 2.92 % | ||
R1 | 99.91 | 1.14 % | ||
Current price | 98.78 | |||
Support | S1 | 96.50 | -2.31% | |
S2 | 94.47 | -4.36% | ||
S3 | 93.15 | -5.70% |
LYB Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 23, 2024 | Mar 01, 2024 | Mar 11, 2024 | $1.25 | 1.24% |
2 | Nov 17, 2023 | Nov 24, 2023 | Dec 04, 2023 | $1.25 | 1.33% |
3 | Aug 18, 2023 | Aug 25, 2023 | Sep 05, 2023 | $1.25 | 1.27% |
4 | May 19, 2023 | May 26, 2023 | Jun 06, 2023 | $1.25 | 1.40% |
5 | Feb 24, 2023 | Mar 03, 2023 | Jun 06, 2023 | $1.19 | 1.34% |
FAQ
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