L.B. Foster Company Stock Forecast
Green day on Wednesday for L.B. Foster Company
(Updated on Mar 27, 2024)
The L.B. Foster Company stock price gained 0.370% on the last trading day (Wednesday, 27th Mar 2024), rising from $27.01 to $27.11. During the last trading day the stock fluctuated 1.52% from a day low at $26.93 to a day high of $27.34. The price has risen in 9 of the last 10 days and is up by 16.8% over the past 2 weeks. Volume fell on the last day by -3 thousand shares and in total, 36 thousand shares were bought and sold for approximately $987.75 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock has broken the strong rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at $24.98, a level that may pose a second chance to hit a runner. According to fan-theory $27.18 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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FSTR Signals & Forecast
The L.B. Foster Company 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 $25.92 and $23.96. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, March 12, 2024, and so far it has risen 21.52%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Support, Risk & Stop-loss for L.B. Foster Company stock
On the downside, the stock finds support just below today's level from accumulated volume at $23.78 and $22.29. 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, L.B. Foster Company finds support just below today's level at $23.78. If this is broken, then the next support from accumulated volume will be at $22.29 and $21.99.
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 $0.410 between high and low, or 1.52%. For the last week the stock has had daily average volatility of 3.37%.
The L.B. Foster Company stock is extremely overbought on RSI14 (79). Normally this may pose a good selling opportunity but since the stock has broken the trend up, the chance for a major correction due to high RSI is very small as the stock will find support at the trend broken.
Our recommended stop-loss: $26.32 (-2.92%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 79 and this increases the risk substantially. There is a buy signal from a pivot bottom found 11 days ago.)
Trading Expectations (FSTR) For The Upcoming Trading Day Of Thursday 28th
For the upcoming trading day on Thursday, 28th we expect L.B. Foster Company to open at $27.13, and during the day (based on 14 day Average True Range), to move between $26.21 and $28.01, which gives a possible trading interval of +/-$0.90 (+/-3.32%) up or down from last closing price. If L.B. Foster Company takes out the full calculated possible swing range there will be an estimated 6.63% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $23.78, some $3.33 (12.28%) from the current price of $27.11, our system finds the risk reward attractive.
Is L.B. Foster Company stock A Buy?
L.B. Foster Company holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for L.B. Foster Company of Thursday, March 28, 2024
Fair opening price March 28, 2024 | Current price |
---|---|
$27.13 ( 0.0615%) | $27.11 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FSTR
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 27.54 | 1.57 % | |
R2 | 27.38 | 1.00 % | ||
R1 | 27.28 | 0.639 % | ||
Current price: | 27.11 | |||
Support | S1 | 26.97 | -0.516 % | |
S2 | 26.87 | -0.87 % | ||
S3 | 26.72 | -1.45 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 0 | . | ||
Current price | 27.11 | |||
Support | S1 | 23.78 | -12.28% | |
S2 | 22.29 | -17.78% | ||
S3 | 21.99 | -18.89% |
FSTR Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jul 28, 2016 | Sep 07, 2016 | Sep 23, 2016 | $0.0400 | 0.348% |
2 | May 26, 2016 | Jun 08, 2016 | Jun 24, 2016 | $0.0400 | 0.353% |
3 | Feb 25, 2016 | Mar 09, 2016 | Mar 25, 2016 | $0.0400 | 0.238% |
4 | Oct 29, 2015 | Dec 02, 2015 | Dec 18, 2015 | $0.0400 | 0.304% |
5 | Jul 31, 2015 | Sep 02, 2015 | Sep 18, 2015 | $0.0400 | 0.291% |
FAQ
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