LCNB Corporation Stock Forecast
LCNB Corporation stock upgraded to Buy Candidate.
(Updated on Apr 25, 2024)
The LCNB Corporation stock price fell by -0.590% on the last day (Thursday, 25th Apr 2024) from $15.26 to $15.17. During the last trading day the stock fluctuated 4.04% from a day low at $14.87 to a day high of $15.48. The price has risen in 7 of the last 10 days and is up by 5.06% over the past 2 weeks. 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 -6 thousand shares and in total, 11 thousand shares were bought and sold for approximately $173.62 thousand.
The stock lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 3.61% during the next 3 months and, with a 90% probability hold a price between $14.58 and $16.69 at the end of this 3-month period.
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LCNB Signals & Forecast
The LCNB Corporation 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 $15.00 and $14.91. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, April 24, 2024, and so far it has fallen -0.590%. Further fall is indicated until a new bottom pivot has been found. 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 LCNB Corporation stock
LCNB Corporation finds support from accumulated volume at $14.77 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.601 between high and low, or 4.04%. For the last week the stock has had daily average volatility of 3.51%.
Our recommended stop-loss: $14.54 (-4.12%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (LCNB) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect LCNB Corporation to open at $15.17, and during the day (based on 14 day Average True Range), to move between $14.63 and $15.71, which gives a possible trading interval of +/-$0.536 (+/-3.53%) up or down from last closing price. If LCNB Corporation takes out the full calculated possible swing range there will be an estimated 7.06% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $15.28 (0.73%) than the support at $14.77 (2.64%), 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.
Earnings coming up
LCNB Corporation will release earnings BMO on Monday, April 29, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.360. We will update the financials statements for LCNB Corporation, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 3.60% in the first trading day after earnings release.
Is LCNB Corporation stock 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 LCNB Corporation stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 2.864 Buy Candidate Upgraded
Predicted Opening Price for LCNB Corporation of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $15.17 ( 0.0222%) | $15.17 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LCNB
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 15.77 | 3.99 % | |
| R2 | 15.54 | 2.47 % | ||
| R1 | 15.40 | 1.54 % | ||
| Current price: | 15.17 | |||
| Support | S1 | 14.94 | -1.49 % | |
| S2 | 14.80 | -2.43 % | ||
| S3 | 14.57 | -3.94 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 15.68 | 3.36 % | |
| R2 | 15.32 | 0.99 % | ||
| R1 | 15.28 | 0.725 % | ||
| Current price | 15.17 | |||
| Support | S1 | 14.77 | -2.64% | |
| S2 | 14.30 | -5.74% | ||
| S3 | 13.66 | -9.95% |
LCNB Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 16, 2024 | Feb 29, 2024 | Mar 15, 2024 | $0.220 | 1.40% |
| 2 | Nov 20, 2023 | Nov 30, 2023 | Dec 15, 2023 | $0.220 | 1.29% |
| 3 | Aug 21, 2023 | Aug 31, 2023 | Sep 15, 2023 | $0.210 | 1.34% |
| 4 | May 10, 2023 | May 31, 2023 | Jun 15, 2023 | $0.210 | 1.39% |
| 5 | Jan 23, 2023 | Feb 28, 2023 | Mar 15, 2023 | $0.210 | 1.33% |
FAQ
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