Lazard Global Total Return and Income Stock Forecast
Lazard Global Total Return and Income stock price ended at $16.33 on Thursday, after gaining 0.307%.
(Updated on Mar 28, 2024)
The Lazard Global Total Return and Income stock price gained 0.307% on the last trading day (Thursday, 28th Mar 2024), rising from $16.28 to $16.33. During the last trading day the stock fluctuated 0.98% from a day low at $16.25 to a day high of $16.41. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 6 thousand more shares were traded than the day before. In total, 43 thousand shares were bought and sold for approximately $705.06 thousand.
The stock lies in the middle of a narrow 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 9.53% during the next 3 months and, with a 90% probability hold a price between $17.65 and $18.31 at the end of this 3-month period.
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LGI Signals & Forecast
The Lazard Global Total Return and Income 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 $16.33 and $15.97. A breakdown below any of these levels will issue sell signals. Lazard Global Total Return and Income has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. 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 Thursday, March 21, 2024, and so far it has fallen -1.63%. 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).
Support, Risk & Stop-loss for Lazard Global Total Return and Income stock
On the downside, the stock finds support just below today's level from accumulated volume at $15.43 and $15.14. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Lazard Global Total Return and Income finds support just below today's level at $15.43. If this is broken, then the next support from accumulated volume will be at $15.14 and $14.96.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.160 between high and low, or 0.98%. For the last week the stock has had daily average volatility of 1.79%.
Our recommended stop-loss: $15.62 (-4.37%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 5 days ago.)
Trading Expectations (LGI) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Lazard Global Total Return and Income Fund to open at $16.33, and during the day (based on 14 day Average True Range), to move between $16.10 and $16.56, which gives a possible trading interval of +/-$0.234 (+/-1.43%) up or down from last closing price. If Lazard Global Total Return and Income Fund takes out the full calculated possible swing range there will be an estimated 2.86% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $16.35 (0.12%) than the support at $15.43 (5.51%), 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.
Is Lazard Global Total Return and Income Fund 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 Lazard Global Total Return and Income stock to perform well in the short-term.
Current score: 4.103 Buy Candidate Unchanged
Predicted Opening Price for Lazard Global Total Return and Income Fund of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$16.33 ( 0%) | $16.33 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LGI
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 16.49 | 0.98 % | |
R2 | 16.43 | 0.606 % | ||
R1 | 16.39 | 0.374 % | ||
Current price: | 16.33 | |||
Support | S1 | 16.27 | -0.374 % | |
S2 | 16.23 | -0.606 % | ||
S3 | 16.17 | -0.98 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 16.60 | 1.65 % | |
R2 | 16.38 | 0.306 % | ||
R1 | 16.35 | 0.122 % | ||
Current price | 16.33 | |||
Support | S1 | 15.43 | -5.51% | |
S2 | 15.14 | -7.29% | ||
S3 | 14.96 | -8.39% |
LGI Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Apr 10, 2024 | Apr 10, 2024 | Apr 22, 2024 | $0.105 | 0.640% |
2 | Mar 11, 2024 | Mar 11, 2024 | Mar 22, 2024 | $0.105 | 0.640% |
3 | Jan 22, 2024 | Feb 12, 2024 | Feb 22, 2024 | $0.105 | 0.661% |
4 | Dec 22, 2023 | Jan 10, 2024 | Jan 22, 2024 | $0.0934 | 0.618% |
5 | Nov 22, 2023 | Dec 11, 2023 | Dec 22, 2023 | $0.0934 | 0.614% |
FAQ
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