Lithia Motors Inc Stock Forecast
Lithia Motors Inc stock price down 0.0498% on Monday
(Updated on Apr 22, 2024)
The Lithia Motors Inc stock price fell by -0.0498% on the last day (Monday, 22nd Apr 2024) from $261.00 to $260.87. During the last trading day the stock fluctuated 2.17% from a day low at $258.02 to a day high of $263.62. The price has fallen in 7 of the last 10 days and is down by -6.54% for this period. Volume has increased on the last day by 81 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 270 thousand shares were bought and sold for approximately $70.43 million.
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 $255.39 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -10.00% during the next 3 months and, with a 90% probability hold a price between $229.85 and $264.98 at the end of this 3-month period.
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LAD Signals & Forecast
There are mixed signals in the stock today. The Lithia Motors Inc stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $282.74. On a fall, the stock will find some support from the short-term average at $260.86. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. A buy signal was issued from a pivot bottom point on Monday, April 15, 2024, and so far it has risen 1.10%. Further rise is indicated until a new top pivot has been found.
Support, Risk & Stop-loss for Lithia Motors Inc stock
Lithia Motors Inc finds support from accumulated volume at $260.35 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $5.60 between high and low, or 2.17%. For the last week, the stock has had daily average volatility of 2.21%.
Lithia Motors Inc is oversold on RSI14 (18). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (LAD) For The Upcoming Trading Day Of Tuesday 23rd
For the upcoming trading day on Tuesday, 23rd we expect Lithia Motors Inc to open at $260.84, and during the day (based on 14 day Average True Range), to move between $253.57 and $268.17, which gives a possible trading interval of +/-$7.30 (+/-2.80%) up or down from last closing price. If Lithia Motors Inc takes out the full calculated possible swing range there will be an estimated 5.60% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $260.35 (0.20%) than the resistance at $266.43 (2.13%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Lithia Motors Inc will release earnings BMO on Wednesday, April 24, 2024.The consensus among the analysts for the expected earnings (EPS) is $8.12. We will update the financials statements for Lithia Motors Inc, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 7.69% in the first trading day after earnings release.
Is Lithia Motors Inc stock A Buy?
Lithia Motors Inc holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -1.263 Sell Candidate Unchanged
Predicted Opening Price for Lithia Motors Inc of Tuesday, April 23, 2024
| Fair opening price April 23, 2024 | Current price |
|---|---|
| $260.84 ( 0.0134%) | $260.87 |
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 | 266.43 | 2.13 % | |
| R2 | 264.29 | 1.31 % | ||
| R1 | 262.97 | 0.81 % | ||
| Current price: | 260.87 | |||
| Support | S1 | 258.70 | -0.83 % | |
| S2 | 257.38 | -1.34 % | ||
| S3 | 255.24 | -2.16 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 303.54 | 16.36 % | |
| R2 | 283.22 | 8.57 % | ||
| R1 | 266.43 | 2.13 % | ||
| Current price | 260.87 | |||
| Support | S1 | 260.35 | -0.199% | |
| S2 | 260.32 | -0.211% | ||
| S3 | 258.03 | -1.09% |
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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