Lifevantage Corporation Stock Forecast
Green day on Wednesday for Lifevantage Corporation
(Updated on Mar 27, 2024)
The Lifevantage Corporation stock price gained 0.485% on the last trading day (Wednesday, 27th Mar 2024), rising from $6.18 to $6.21. During the last trading day the stock fluctuated 1.62% from a day low at $6.17 to a day high of $6.27. The price has been going up and down for this period, and there has been a -9.21% loss for the last 2 weeks. Volume fell on the last day by -24 thousand shares and in total, 14 thousand shares were bought and sold for approximately $86.42 thousand. 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 strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $6.20 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 24.85% during the next 3 months and, with a 90% probability hold a price between $7.75 and $9.36 at the end of this 3-month period.
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LFVN Signals & Forecast
There are few to no technical positive signals at the moment. The Lifevantage 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 $6.63 and $6.75. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, February 28, 2024, and so far it has fallen -11.41%. 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 during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Lifevantage Corporation stock
Lifevantage Corporation finds support from accumulated volume at $5.90 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 $0.1000 between high and low, or 1.62%. For the last week the stock has had daily average volatility of 3.77%.
Lifevantage Corporation is oversold on RSI14 (22). 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 (LFVN) For The Upcoming Trading Day Of Thursday 28th
For the upcoming trading day on Thursday, 28th we expect Lifevantage Corporation to open at $6.22, and during the day (based on 14 day Average True Range), to move between $5.98 and $6.44, which gives a possible trading interval of +/-$0.230 (+/-3.70%) up or down from last closing price. If Lifevantage Corporation takes out the full calculated possible swing range there will be an estimated 7.41% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $5.90 (4.99%) than the resistance at $6.85 (10.31%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Lifevantage Corporation stock A Buy?
The Lifevantage Corporation stock holds several negative signals and despite the positive trend, we believe Lifevantage Corporation will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -3.291 Sell Candidate Unchanged
Predicted Opening Price for Lifevantage Corporation of Thursday, March 28, 2024
Fair opening price March 28, 2024 | Current price |
---|---|
$6.22 ( 0.107%) | $6.21 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LFVN
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 6.32 | 1.72 % | |
R2 | 6.28 | 1.10 % | ||
R1 | 6.25 | 0.722 % | ||
Current price: | 6.21 | |||
Support | S1 | 6.18 | -0.508 % | |
S2 | 6.15 | -0.89 % | ||
S3 | 6.12 | -1.50 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 7.00 | 12.72 % | |
R2 | 6.93 | 11.59 % | ||
R1 | 6.85 | 10.31 % | ||
Current price | 6.21 | |||
Support | S1 | 5.90 | -4.99% | |
S2 | 5.78 | -6.92% | ||
S3 | 5.76 | -7.25% |
LFVN Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jan 30, 2024 | Feb 29, 2024 | Mar 15, 2024 | $0.0350 | 0.500% |
2 | Nov 06, 2023 | Nov 30, 2023 | Dec 15, 2023 | $0.0350 | 0.559% |
3 | Aug 23, 2023 | Sep 07, 2023 | Sep 22, 2023 | $0.140 | 2.02% |
4 | Apr 27, 2023 | May 31, 2023 | Jun 15, 2023 | $0.0350 | 0.665% |
5 | Jan 26, 2023 | Feb 28, 2023 | Mar 15, 2023 | $0.0300 | 0.92% |
FAQ
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