Lithia Motors Inc Stock Forecast
Lithia Motors Inc stock price ended at $303.39 on Wednesday, after gaining 1.51%.
(Updated on Mar 27, 2024)
The Lithia Motors Inc stock price gained 1.51% on the last trading day (Wednesday, 27th Mar 2024), rising from $298.88 to $303.39. During the last trading day the stock fluctuated 2.20% from a day low at $300.81 to a day high of $307.44. The price has risen in 6 of the last 10 days and is up by 4.87% 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, 71 thousand more shares were traded than the day before. In total, 205 thousand shares were bought and sold for approximately $62.22 million.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -4.80% during the next 3 months and, with a 90% probability hold a price between $261.76 and $298.68 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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LAD Signals & Forecast
Mostly positive signals in the chart today. The Lithia Motors Inc 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 $297.46 and $293.10. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, February 21, 2024, and so far it has risen 7.80%. 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. The stock had a Golden Star Signal on Friday, January 26, 2024 in the short-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star
The stock had a Golden Star Signal on Friday, January 26, 2024 in the short-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Lithia Motors Inc stock
Lithia Motors Inc finds support from accumulated volume at $297.68 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 $6.63 (2.20%) between high and low. For the last week, the stock has had daily average volatility of 2.68%.
Our recommended stop-loss: $288.16 (-5.02%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 25 days ago.)
Trading Expectations (LAD) For The Upcoming Trading Day Of Thursday 28th
For the upcoming trading day on Thursday, 28th we expect Lithia Motors Inc to open at $303.88, and during the day (based on 14 day Average True Range), to move between $295.06 and $311.72, which gives a possible trading interval of +/-$8.33 (+/-2.74%) up or down from last closing price. If Lithia Motors Inc takes out the full calculated possible swing range there will be an estimated 5.49% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $303.54 (0.05%) than the support at $297.68 (1.88%), 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 Lithia Motors Inc stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.
Current score: 2.401 Buy Candidate Unchanged
Predicted Opening Price for Lithia Motors Inc of Thursday, March 28, 2024
Fair opening price March 28, 2024 | Current price |
---|---|
$303.88 ( 0.162%) | $303.39 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LAD
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 310.51 | 2.35 % | |
R2 | 307.98 | 1.51 % | ||
R1 | 306.41 | 1.00 % | ||
Current price: | 303.39 | |||
Support | S1 | 301.35 | -0.672 % | |
S2 | 299.79 | -1.19 % | ||
S3 | 297.26 | -2.02 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 304.46 | 0.353 % | |
R2 | 304.28 | 0.293 % | ||
R1 | 303.54 | 0.0494 % | ||
Current price | 303.39 | |||
Support | S1 | 297.68 | -1.88% | |
S2 | 294.85 | -2.81% | ||
S3 | 283.22 | -6.65% |
LAD Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 07, 2024 | Mar 07, 2024 | Mar 22, 2024 | $0.500 | 0.167% |
2 | Oct 25, 2023 | Nov 09, 2023 | Nov 17, 2023 | $0.500 | 0.184% |
3 | Jul 26, 2023 | Aug 10, 2023 | Aug 25, 2023 | $0.500 | 0.166% |
4 | Apr 19, 2023 | May 11, 2023 | May 26, 2023 | $0.500 | 0.207% |
5 | Feb 15, 2023 | Mar 09, 2023 | Mar 24, 2023 | $0.420 | 0.198% |
FAQ
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