The LGL Group, Inc Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
The LGL Group, Inc stock price up 2.49% on Friday
(Updated on Apr 19, 2024)
The The LGL Group, Inc stock price gained 2.49% on the last trading day (Friday, 19th Apr 2024), rising from $5.63 to $5.77. During the last trading day the stock fluctuated 2.93% from a day low at $5.63 to a day high of $5.80. The price has risen in 5 of the last 10 days but is still down by -3.67% for this period. Volume fell on the last day by -3 thousand shares and in total, 3 thousand shares were bought and sold for approximately $16.22 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 middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -7.48% during the next 3 months and, with a 90% probability hold a price between $4.99 and $5.91 at the end of this 3-month period.
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LGL Signals & Forecast
There are mixed signals in the stock today. The The LGL Group, Inc stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $6.02. On a fall, the stock will find some support from the short-term average at $5.57. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. 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. A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 6.65%. Further rise is indicated until a new top pivot has been found.
A sell signal from a double top formation was found on Thursday, February 08, 2024 with a target of $5.96. Despite whether the objective of the signal formation has been reached the stock may continue to fall.
Support, Risk & Stop-loss for The LGL Group, Inc stock
The LGL Group, Inc finds support from accumulated volume at $5.70 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 $0.165 between high and low, or 2.93%. For the last week the stock has had daily average volatility of 5.35%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (LGL) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect The LGL Group, Inc to open at $5.73, and during the day (based on 14 day Average True Range), to move between $5.49 and $6.05, which gives a possible trading interval of +/-$0.277 (+/-4.80%) up or down from last closing price. If The LGL Group, Inc takes out the full calculated possible swing range there will be an estimated 9.59% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $5.82 (0.87%) than the support at $5.70 (1.21%), 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 The LGL Group, Inc stock A Buy?
The LGL Group, Inc holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -1.026 Sell Candidate Unchanged
Predicted Opening Price for The LGL Group, Inc of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| $5.73 ( 0.664%) | $5.77 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LGL
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.90 | 2.20 % | |
| R2 | 5.83 | 1.10 % | ||
| R1 | 5.79 | 0.428 % | ||
| Current price: | 5.77 | |||
| Support | S1 | 5.67 | -1.76 % | |
| S2 | 5.63 | -2.43 % | ||
| S3 | 5.57 | -3.52 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 6.35 | 10.05 % | |
| R2 | 6.20 | 7.45 % | ||
| R1 | 5.82 | 0.87 % | ||
| Current price | 5.77 | |||
| Support | S1 | 5.70 | -1.21% | |
| S2 | 5.63 | -2.43% | ||
| S3 | 5.41 | -6.24% |
LGL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 02, 1999 | Sep 02, 1999 | Sep 02, 1999 | $31.69 | 157.58% |
| 2 | Jan 03, 1989 | Jan 03, 1989 | Jan 03, 1989 | $0.0609 | 0.762% |
| 3 | Sep 30, 1988 | Oct 03, 1988 | Oct 31, 1988 | $0.0305 | 0.374% |
| 4 | Jun 28, 1988 | Jun 28, 1988 | Jun 28, 1988 | $0.0609 | 0.755% |
| 5 | Feb 26, 1988 | Mar 02, 1988 | Mar 25, 1988 | $0.0305 | 0.449% |
FAQ
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