Lonza Group Ltd Stock Forecast
Lonza Group Ltd stock price up 1.36% on Friday
(Updated on May 03, 2024)
The Lonza Group Ltd stock price gained 1.36% on the last trading day (Friday, 3rd May 2024), rising from $56.64 to $57.41. During the last trading day the stock fluctuated 0.89% from a day low at $57.33 to a day high of $57.84. The price has been going up and down for this period, and there has been a 4.1% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 2 thousand more shares were traded than the day before. In total, 23 thousand shares were bought and sold for approximately $1.33 million.
The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 15.35% during the next 3 months and, with a 90% probability hold a price between $63.91 and $73.94 at the end of this 3-month period.
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LZAGY Signals & Forecast
There are mixed signals in the stock today. The Lonza Group Ltd 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 $57.75. On a fall, the stock will find some support from the short-term average at $56.58. 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. A sell signal was issued from a pivot top point on Monday, April 08, 2024, and so far it has fallen -6.62%. 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). Lonza Group Ltd has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk.
Support, Risk & Stop-loss for Lonza Group Ltd stock
On the downside, the stock finds support just below today's level from accumulated volume at $54.09 and $51.32. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Lonza Group Ltd finds support just below today's level at $54.09. If this is broken, then the next support from accumulated volume will be at $51.32 and $49.96.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.510 between high and low, or 0.89%. For the last week, the stock has had daily average volatility of 1.31%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (LZAGY) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Lonza Group Ltd to open at $57.53, and during the day (based on 14 day Average True Range), to move between $56.15 and $58.67, which gives a possible trading interval of +/-$1.26 (+/-2.20%) up or down from last closing price. If Lonza Group Ltd takes out the full calculated possible swing range there will be an estimated 4.40% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $58.72 (2.28%) than the support at $54.09 (5.78%), 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 Lonza Group Ltd stock A Buy?
Lonza Group Ltd holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -3.715 Sell Candidate Unchanged
Predicted Opening Price for Lonza Group Ltd of Monday, May 6, 2024
Fair opening price May 6, 2024 | Current price |
---|---|
$57.53 ( 0.203%) | $57.41 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LZAGY
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 58.04 | 1.09 % | |
R2 | 57.84 | 0.752 % | ||
R1 | 57.72 | 0.543 % | ||
Current price: | 57.41 | |||
Support | S1 | 57.33 | -0.136 % | |
S2 | 57.21 | -0.346 % | ||
S3 | 57.02 | -0.685 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 59.91 | 4.35 % | |
R2 | 59.43 | 3.52 % | ||
R1 | 58.72 | 2.28 % | ||
Current price | 57.41 | |||
Support | S1 | 54.09 | -5.78% | |
S2 | 51.32 | -10.61% | ||
S3 | 49.96 | -12.98% |
LZAGY Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | May 04, 2023 | May 09, 2023 | May 26, 2023 | $0.378 | 0.597% |
2 | May 09, 2022 | May 09, 2022 | May 26, 2022 | $0.313 | 0.545% |
3 | May 10, 2021 | May 10, 2021 | May 27, 2021 | $0.327 | 0.514% |
4 | Apr 24, 2019 | Apr 24, 2019 | Apr 24, 2019 | $0.275 | 0.91% |
5 | May 08, 2018 | May 08, 2018 | May 08, 2018 | $0.297 | 1.14% |
FAQ
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