LOCALIZA RENT A CAR Stock Forecast
Volatile ride for LOCALIZA RENT A CAR stock price on Friday moving between $9.00 and $9.91
(Updated on May 10, 2024)
The LOCALIZA RENT A CAR stock price fell by -6.69% on the last day (Friday, 10th May 2024) from $9.65 to $9.00. During the last trading day the stock fluctuated 10.11% from a day low at $9.00 to a day high of $9.91. The price has been going up and down for this period, and there has been a -8.95% loss for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -4 thousand shares and in total, 11 thousand shares were bought and sold for approximately $97.41 thousand.
The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $8.83 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -10.34% during the next 3 months and, with a 90% probability hold a price between $7.91 and $9.65 at the end of this 3-month period.
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LZRFY Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The LOCALIZA RENT A CAR 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 $9.59 and $10.17. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, March 28, 2024, and so far it has fallen -20.84%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for LOCALIZA RENT A CAR 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 has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.91 between high and low, or 10.11%. For the last week the stock has had daily average volatility of 3.70%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (LZRFY) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect LOCALIZA RENT A CAR to open at $9.30, and during the day (based on 14 day Average True Range), to move between $8.60 and $9.40, which gives a possible trading interval of +/-$0.396 (+/-4.40%) up or down from last closing price. If LOCALIZA RENT A CAR takes out the full calculated possible swing range there will be an estimated 8.80% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $10.36, some $1.36 (15.16%) from the current price of $9.00, our system finds the risk reward not very attractive.
Is LOCALIZA RENT A CAR stock A Buy?
LOCALIZA RENT A CAR 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: -3.252 Sell Candidate Unchanged
Predicted Opening Price for LOCALIZA RENT A CAR of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| $9.30 ( 3.37%) | $9.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LZRFY
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 10.21 | 13.48 % | |
| R2 | 9.87 | 9.62 % | ||
| R1 | 9.65 | 7.23 % | ||
| Current price: | 9.00 | |||
| Support | S1 | 8.96 | -0.492 % | |
| S2 | 8.74 | -2.88 % | ||
| S3 | 8.39 | -6.74 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 10.85 | 20.56 % | |
| R2 | 10.43 | 15.89 % | ||
| R1 | 10.36 | 15.16 % | ||
| Current price | 9.00 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
LZRFY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 05, 2024 | Apr 05, 2024 | Jun 03, 2024 | $0.0576 | 0.640% |
| 2 | Jan 24, 2024 | Feb 01, 2024 | Feb 07, 2024 | $0.0115 | 0.104% |
| 3 | Dec 23, 2023 | Dec 29, 2023 | Feb 26, 2024 | $0.0587 | 0.563% |
| 4 | Oct 22, 2023 | Oct 27, 2023 | Nov 06, 2023 | $0.0116 | 0.103% |
| 5 | Oct 04, 2023 | Oct 04, 2023 | Nov 30, 2023 | $0.0696 | 0.569% |
FAQ
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