Lassonde Industries Inc. Class A Stock Forecast
Lassonde Industries Inc. Class A stock downgraded from Hold/Accumulate to Sell Candidate after Thursday trading session.
(Updated on Apr 25, 2024)
The Lassonde Industries Inc. Class A stock price fell by -0.594% on the last day (Thursday, 25th Apr 2024) from $144.68 to $143.82. During the last trading day the stock fluctuated 0.573% from a day low at $143.00 to a day high of $143.82. The price has fallen in 8 of the last 10 days and is down by -2.8% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -711 shares and in total, 1 thousand shares were bought and sold for approximately $184.52 thousand.
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 -2.06% during the next 3 months and, with a 90% probability hold a price between $133.90 and $153.32 at the end of this 3-month period.
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LAS-A.TO Signals & Forecast
There are few to no technical positive signals at the moment. The Lassonde Industries Inc. Class A stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $144.59 and $149.00. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, April 01, 2024, and so far it has fallen -8.69%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss for Lassonde Industries Inc. Class A stock
Lassonde Industries Inc. Class A finds support from accumulated volume at $143.49 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have controlled movements and therefore the general risk is considered low. However, be aware of low or falling volume and make sure to keep an eye on the stock. During the last day, the stock moved $0.82 between high and low, or 0.573%. For the last week the stock has had daily average volatility of 0.651%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (LAS-A.TO) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Lassonde Industries Inc. Class A to open at $143.55, and during the day (based on 14 day Average True Range), to move between $142.08 and $145.56, which gives a possible trading interval of +/-$1.74 (+/-1.21%) up or down from last closing price. If Lassonde Industries Inc. Class A takes out the full calculated possible swing range there will be an estimated 2.42% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $143.49 (0.23%) than the resistance at $149.00 (3.60%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Lassonde Industries Inc. Class A stock A Buy?
Lassonde Industries Inc. Class A holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.311 Sell Candidate Downgraded
Predicted Opening Price for Lassonde Industries Inc. Class A of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $143.55 ( 0.190%) | $143.82 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LAS-A.TO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 144.37 | 0.380 % | |
| R2 | 144.05 | 0.162 % | ||
| R1 | 143.86 | 0.0277 % | ||
| Current price: | 143.82 | |||
| Support | S1 | 143.23 | -0.408 % | |
| S2 | 143.04 | -0.542 % | ||
| S3 | 142.73 | -0.760 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 152.00 | 5.69 % | |
| R2 | 151.00 | 4.99 % | ||
| R1 | 149.00 | 3.60 % | ||
| Current price | 143.82 | |||
| Support | S1 | 143.49 | -0.229% | |
| S2 | 142.01 | -1.26% | ||
| S3 | 140.00 | -2.66% |
LAS-A Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 23, 2024 | Feb 23, 2024 | Mar 15, 2024 | $0 | 0% |
| 2 | Nov 22, 2023 | Nov 22, 2023 | Dec 15, 2023 | $0 | 0% |
| 3 | Aug 22, 2023 | Aug 22, 2023 | Sep 15, 2023 | $0.500 | 0.393% |
| 4 | May 24, 2023 | May 24, 2023 | Jun 15, 2023 | $0.500 | 0.435% |
| 5 | Feb 24, 2023 | Feb 24, 2023 | Mar 15, 2023 | $0.700 | 0.625% |
FAQ
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