United States Lime & Minerals Stock Forecast
United States Lime & Minerals stock price ended at $320.61 on Wednesday, after gaining 3.42%.
(Updated on May 01, 2024)
The United States Lime & Minerals stock price gained 3.42% on the last trading day (Wednesday, 1st May 2024), rising from $310.00 to $320.61. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 3.54% from a day low at $310.31 to a day high of $321.29. The price has risen in 8 of the last 10 days and is up by 9.59% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 8 thousand more shares were traded than the day before. In total, 38 thousand shares were bought and sold for approximately $12.17 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 24.11% during the next 3 months and, with a 90% probability hold a price between $369.04 and $415.44 at the end of this 3-month period.
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USLM Signals & Forecast
Mostly positive signals in the chart today. The United States Lime & Minerals stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $308.08 and $298.80. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, April 10, 2024, and so far it has risen 10.56%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for United States Lime & Minerals stock
United States Lime & Minerals finds support from accumulated volume at $304.88 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 $10.98 (3.54%) between high and low. For the last week, the stock has had daily average volatility of 1.96%.
Our recommended stop-loss: $306.94 (-4.26%) (This stock has low daily movements and this gives low risk. The RSI14 is 84 and this increases the risk substantially. There is a buy signal from a pivot bottom found 15 days ago.)
Trading Expectations (USLM) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect United States Lime & Minerals to open at $317.40, and during the day (based on 14 day Average True Range), to move between $313.89 and $327.33, which gives a possible trading interval of +/-$6.72 (+/-2.10%) up or down from last closing price. If United States Lime & Minerals takes out the full calculated possible swing range there will be an estimated 4.19% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $304.88, some $15.73 (4.91%) from the current price of $320.61, our system finds the risk reward attractive.
Is United States Lime & Minerals stock A Buy?
United States Lime & Minerals holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.
Current score: 7.429 Strong Buy Candidate Unchanged
Predicted Opening Price for United States Lime & Minerals of Thursday, May 2, 2024
Fair opening price May 2, 2024 | Current price |
---|---|
$317.40 ( 1.00%) | $320.61 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for USLM
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 328.38 | 2.42 % | |
R2 | 324.19 | 1.12 % | ||
R1 | 321.60 | 0.308 % | ||
Current price: | 320.61 | |||
Support | S1 | 313.21 | -2.31 % | |
S2 | 310.62 | -3.12 % | ||
S3 | 306.42 | -4.42 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 0 | . | ||
Current price | 320.61 | |||
Support | S1 | 304.88 | -4.91% | |
S2 | 291.29 | -9.15% | ||
S3 | 261.70 | -18.37% |
USLM Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 02, 2024 | Feb 22, 2024 | Mar 15, 2024 | $0.250 | 0.0858% |
2 | Oct 31, 2023 | Nov 22, 2023 | Dec 15, 2023 | $0.200 | 0.0877% |
3 | Aug 02, 2023 | Aug 24, 2023 | Sep 15, 2023 | $0.200 | 0.0980% |
4 | May 03, 2023 | May 25, 2023 | Jun 16, 2023 | $0.200 | 0.103% |
5 | Feb 03, 2023 | Feb 23, 2023 | Mar 17, 2023 | $0.200 | 0.130% |
FAQ
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