LivaNova PLC Stock Forecast
LivaNova PLC stock price down 2.46% on Wednesday
(Updated on Apr 17, 2024)
The LivaNova PLC stock price fell by -2.46% on the last day (Wednesday, 17th Apr 2024) from $53.18 to $51.87. During the last trading day the stock fluctuated 3.07% from a day low at $51.87 to a day high of $53.46. The price has fallen in 6 of the last 10 days and is down by -3.84% for this period. Volume has increased on the last day by 33 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 474 thousand shares were bought and sold for approximately $24.56 million.
The stock has broken the wide and weak rising short-term trend down. This signalizes a slower rate of rising, but may also be an early warning about a possible trend shift. Due to the trend being broken there will now be resistance at the bottom line of the trend at $52.07. A reaction back to this level may hold a second chance to get out before further falls.
LIVN Signals & Forecast
There are few to no technical positive signals at the moment. The LivaNova PLC 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 $53.79 and $53.87. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, March 20, 2024, and so far it has fallen -8.41%. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. The stock had a Golden Star Signal on Thursday, February 15, 2024 in the short-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star
The stock had a Golden Star Signal on Thursday, February 15, 2024 in the short-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for LivaNova PLC stock
LivaNova PLC finds support from accumulated volume at $51.12 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 $1.59 between high and low, or 3.07%. For the last week, the stock has had daily average volatility of 2.71%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (LIVN) For The Upcoming Trading Day Of Thursday 18th
For the upcoming trading day on Thursday, 18th we expect LivaNova PLC to open at $52.40, and during the day (based on 14 day Average True Range), to move between $50.25 and $53.49, which gives a possible trading interval of +/-$1.62 (+/-3.12%) up or down from last closing price. If LivaNova PLC takes out the full calculated possible swing range there will be an estimated 6.24% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $52.38 (0.98%) than the support at $51.12 (1.45%), 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 LivaNova PLC stock A Buy?
The LivaNova PLC stock holds several negative signals and despite the positive trend, we believe LivaNova PLC will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.623 Sell Candidate Unchanged
Predicted Opening Price for LivaNova PLC of Thursday, April 18, 2024
Fair opening price April 18, 2024 | Current price |
---|---|
$52.40 ( 1.02%) | $51.87 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LIVN
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 53.99 | 4.09 % | |
R2 | 53.38 | 2.92 % | ||
R1 | 53.01 | 2.19 % | ||
Current price: | 51.87 | |||
Support | S1 | 51.79 | -0.149 % | |
S2 | 51.42 | -0.87 % | ||
S3 | 50.81 | -2.04 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 56.63 | 9.18 % | |
R2 | 53.26 | 2.68 % | ||
R1 | 52.38 | 0.98 % | ||
Current price | 51.87 | |||
Support | S1 | 51.12 | -1.45% | |
S2 | 50.60 | -2.45% | ||
S3 | 48.75 | -6.02% |
FAQ
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