Layne Christensen Company Fund Forecast

Red day on Wednesday for Layne Christensen Company
(Updated on Jun 20, 2018)

LAYN Signals & Forecast

The Layne Christensen Company fund holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the fund giving a positive forecast for the stock. On further gains, the fund will meet resistance from the short-term Moving Average at approximately $15.48. On a fall, the fund will find some support from the long-term average at approximately $15.38. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. A buy signal was issued from a pivot bottom point on Thursday, June 14, 2018, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Layne Christensen Company fund

Layne Christensen Company finds support from accumulated volume at $15.33 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the fund tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the fund During the last day, the fund moved $0 between high and low, or 0%. For the last week the fund has had daily average volatility of 0.551%

Our recommended stop-loss: $14.51 (-5.84%) (This fund has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 4 days ago.)

Trading Expectations (LAYN) For The Upcoming Trading Day Of Thursday 21st

For the upcoming trading day on Thursday, 21st we expect Layne Christensen Company to open at $15.41, and during the day (based on 14 day Average True Range), to move between $15.16 and $15.66, which gives a possible trading interval of +/-$0.250 (+/-1.62%) up or down from last closing price. If Layne Christensen Company takes out the full calculated possible swing range there will be an estimated 3.24% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $15.33 (0.52%) than the resistance at $15.66 (1.62%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Layne Christensen Company fund A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Layne Christensen Company fund to perform well in the short-term.

Current score: 3.830 Buy Candidate Unchanged

Predicted Opening Price for Layne Christensen Company of Thursday, June 21, 2018

The predicted opening price is based on yesterday's movements between high, low, and closing price.