Stronger Sell Today LN ranks #4910 as SELL CANDIDATE #4910 Weaker Sell

LN stock forecast LINE Corporation American Depositary Shares (each representing one share of)

LN stock forecast

Friday May 17, 2019 Change -2.92% Price $32.23
Chart period: 2019-02-19 - 2019-05-17
VOLUME
Sell
TREND
Sell
MV LONG
Sell

MV SHORT
Sell

PIVOT
Sell

MACD
Buy

Will LN stock price go up or down on Mon, 20 May 2019?

Predict

LINE Corporation American Depositary Shares (each representing one share of) Forecast and Stock Analysis

Technical LN stock analysis for Friday May 17, 2019.

Sell candidate since 2019-05-08 Loss -4.25%
Shorts 5.96% ( 2019-04-15 )
Insider % n/a
Institutional % 2.60%
Beta 1.20
ROA -3.07%
Price to book USD 4.61
P/E Ratio -67.43
Next Earnings Date 2019-07-29


LINE Corporation American Depositary Shares (each representing one share of) fell by -2.92% in the last day ( Friday, 17th May 2019 ) from $33.20 to $32.23 and has now fallen 3 days in a row. During day the stock fluctuated 1.89% from a day low at $32.21 to a day high of $32.82. The price has fallen in 7 of the last 10 days and is down by -3.82% for this period. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -108 931 shares and in total 47 144 shares bought and sold for approximately $1.52 million.

Quick summary:

  • 30 day high of the LN stock price was $35.30 and low was $32.21.
  • 90 day high was $38.24 and low was $32.21.
  • 52 week high for the LINE Corporation American Depositary Shares (each representing one share of) - $46.48 and low - $27.66.

Trend

LINE Corporation American Depositary Shares (each representing one share of) lies in the middle of a 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 -10.18% during the next 3 months and, with 90% probability hold a price between $28.28 and $30.97 at the end of this period.

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Signals

There are few to none technical positive signals at the moment. LINE Corporation American Depositary Shares (each representing one share of) holds sales signals from both short- and long-term moving averages. In addition, there is a general sales 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 $32.85 and $33.81. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Wednesday May 15, 2019, which indicates further falls until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

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A sell signal from a double top formation was found on Wednesday May 15, 2019 and based on theory for this formation the price should fall by -1.52% to $31.82 within 3 trading days since signal was issued (Monday May 20, 2019).

Relative Strength Index (RSI)

RSI14 is 39 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

Price: $32.23 Resistance: $34.45

Risk

This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $0.61 (1.89%) between high and low. For the last week, the stock has had a daily average volatility of 1.57%.

Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.

1.57 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Evaluation:

LINE Corporation American Depositary Shares (each representing one share of) holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

Sell Candidate Upgraded
Stronger Sell Today LN ranks #4910 as SELL CANDIDATE #4910 Weaker Sell
LN $32.23 ($-0.97 -2.92%)
LN is down $0.97 today, but where's it headed in 2019?
Zacks Investment Research is releasing its prediction for LN based on the 1-3 month system that more than doubles the S&P 500.

This report is free today for StockInvest.us readers.

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Will LN stock price go up or down
on Mon, 20 May 2019?

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