Lear Corporation Stock Forecast
Lear Corporation stock price ended at $131.16 on Thursday, after gaining 0.544%.
(Updated on Apr 18, 2024)
The Lear Corporation stock price gained 0.544% on the last trading day (Thursday, 18th Apr 2024), rising from $130.45 to $131.16. During the last trading day the stock fluctuated 1.55% from a day low at $130.20 to a day high of $132.22. The price has been going up and down for this period, and there has been a -6.46% loss for the last 2 weeks. Volume fell on the last day by -69 thousand shares and in total, 357 thousand shares were bought and sold for approximately $46.76 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $130.58 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 5.60% during the next 3 months and, with a 90% probability hold a price between $137.90 and $156.81 at the end of this 3-month period.
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LEA Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 0.544%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Lear Corporation 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 $133.34 and $140.14. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Lear Corporation stock
Lear Corporation finds support from accumulated volume at $130.91 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 $2.02 between high and low, or 1.55%. For the last week, the stock has had daily average volatility of 1.87%.
Lear Corporation is oversold on RSI14 (19). 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 (LEA) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Lear Corporation to open at $131.19, and during the day (based on 14 day Average True Range), to move between $128.30 and $134.02, which gives a possible trading interval of +/-$2.86 (+/-2.18%) up or down from last closing price. If Lear Corporation takes out the full calculated possible swing range there will be an estimated 4.37% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $130.91 (0.19%) than the resistance at $135.19 (3.07%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Lear Corporation stock A Buy?
The Lear Corporation stock holds several negative signals and despite the positive trend, we believe Lear Corporation will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -1.362 Sell Candidate Unchanged
Predicted Opening Price for Lear Corporation of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $131.19 ( 0.0254%) | $131.16 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LEA
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 133.21 | 1.57 % | |
| R2 | 132.44 | 0.98 % | ||
| R1 | 131.96 | 0.614 % | ||
| Current price: | 131.16 | |||
| Support | S1 | 130.42 | -0.563 % | |
| S2 | 129.94 | -0.93 % | ||
| S3 | 129.17 | -1.51 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 142.20 | 8.42 % | |
| R2 | 141.66 | 8.01 % | ||
| R1 | 135.19 | 3.07 % | ||
| Current price | 131.16 | |||
| Support | S1 | 130.91 | -0.191% | |
| S2 | 130.76 | -0.305% | ||
| S3 | 130.21 | -0.724% |
LEA Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 20, 2024 | Mar 07, 2024 | Mar 27, 2024 | $0.770 | 0.532% |
| 2 | Nov 14, 2023 | Dec 05, 2023 | Dec 26, 2023 | $0.770 | 0.544% |
| 3 | Aug 10, 2023 | Aug 30, 2023 | Sep 19, 2023 | $0.770 | 0.563% |
| 4 | May 18, 2023 | Jun 08, 2023 | Jun 28, 2023 | $0.770 | 0.546% |
| 5 | Feb 17, 2023 | Mar 09, 2023 | Jun 28, 2023 | $0.770 | 0.546% |
FAQ
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