Lithia Motors Inc Forecast and Stock Analysis
Technical LAD stock analysis for April 24, 2019.
|Shorts||12.57% ( 2019-03-29 )|
Lithia Motors Inc gained 7.37% in the last trading day, rising from $97.72 to $104.92 , and has now gained 3 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. The price has risen in 7 of the last 10 days and is up by 11.64% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 389 620 more shares were traded than the day before. In total, 625 787 shares bought and sold for approximately $65.66 million.
Close price at the end of the last trading day (Wednesday, 24th Apr 2019) of the LAD stock was $104.92. This is 7.37% more than the trading day before Tuesday, 23rd Apr 2019.
During day the stock fluctuated 8.04% from a day low at $99.03 to a day high of $106.99.
30 day high of the LAD stock price was $106.99 and low was $85.01.
90 day high was $106.99 and low was $79.75.
52 week high for the Lithia Motors Inc - $106.99 and low - $67.90.
Lithia Motors Inc has broken the wide and strong rising the short-term trend up and an even stronger rising rate is indicated. For any reaction back there will now be support on the roof on the current trend broken at $99.53, a level that may pose a second chance to hit a runner. According to fan-theory $109.00 will be the next possible trend-top level and thereby pose a resistance level which may not be broken at the first attempt.
Only positive signals in the chart today. Lithia Motors Inc holds buy signals from both short- and long-term moving averages. In addition, 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 $98.43 and $92.22. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday April 22, 2019, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal.
Relative Strength Index (RSI)
RSI14 is 70 and the stock is currently not being overbought or oversold
Support & Resistance
On the downside, the stock finds support just below today's level from accumulated volume at $87.97 and $87.94.
There is 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, Lithia Motors Inc finds support just below today's level at $87.97. If this is broken, then the next support from accumulated volume will be at $87.94 and $82.46.
This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $7.96 (8.04%) between high and low. For the last week, the stock has had a daily average volatility of 3.50%.
Our recommended stoploss: $100.80 (-3.93%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 2 days ago.)
Very Low Low Medium High Very High
Evaluation: Strong Buy Candidate
Several short-term signals are positive and the stock has broke the rising trend up, which indicates an even stronger rising rate. We conclude that the current level may hold a buying opportunity as there is a fair chance for this stock to perform well in the short-term period.
|Golden Star Signal|
Get competitive edge
The signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star.
This signal is rare and, in most cases, gives a very good return. From 8.000 stocks usually only a few will trigger a Golden Star Signal per day!
Get access to Golden Star list now
|LAD $104.92 ($7.20 7.37%)|
LAD is up $7.20 today, but where's it headed in 2019?
|Zacks Investment Research is releasing its prediction for LAD based on the 1-3 month system that more than doubles the S&P 500.
This report is free today for StockInvest.us readers.
Click here – the LAD analysis is free »
From Our Blog
- Trading With Moving Average
- Pivot Points
- Accumulated Volume - Support and Resistance
- Volume - The Indicator You Really Need to Know
- We Give Back!
- Better Buy: Amazon vs. Facebook
- Better Buy: Apple vs. Microsoft
- Relative Strength Index (RSI)
- How to Lose Money When Trading: Part 2
- How to Lose Money When Trading: A Trader is Born
- Our 2017 Christmas Donation
- The Golden Star
- Announcing Partnership With CityFALCON
- Why correct moving average matters
- NASDAQ down -4.17%. Our portfolio is up +8.56%
- New Feature Added: Golden Star Signal
- Pick a Winner With StockInvest.us