Previous Hold Today LN ranks #2966 as HOLD CANDIDATE #2966 Next Hold

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

LN stock forecast

VOLUME
Buy
TREND
Sell
MV LONG
Sell

MV SHORT
Sell

PIVOT
Buy

MACD
Sell

LN Forecast and Technical Stock Analysis

Hold candidate since 2019-07-18

LINE Corporation American Depositary Shares (each representing one share of) gained 1.66% in the last trading day ( Thursday, 18th Jul 2019 ), rising from $27.73 to $28.19 During day the stock fluctuated 1.66% from a day low at $27.79 to a day high of $28.25. The price has fallen in 7 of the last 10 days and is down by -3.03% for this period. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 46 545 more shares were traded than the day before. In total, 95 383 shares bought and sold for approximately $2.69 million.

Quick summary:

  • 30 day high of the LN stock price was $30.14 and low was $27.11.
  • 90 day high was $35.30 and low was $27.04.
  • 52 week high for the LINE Corporation American Depositary Shares (each representing one share of) - $46.48 and low - $27.04.
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Trend

LINE Corporation American Depositary Shares (each representing one share of) lies the upper part of a wide and falling trend in the short term, and this will normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $28.94 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -18.91% during the next 3 months and, with 90% probability hold a price between $19.95 and $23.47 at the end of this period.

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Signals

A buy signal was issued from a pivot bottom point on Wednesday July 17, 2019, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. 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 $28.35 and $28.41. A break-up above any of these levels will issue buy signals.

Relative Strength Index (RSI)

RSImin/max Values: [ 25 - 75 ]

RSI14 is 47 and the stock is currently not being overbought or oversold

* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.

Support & Resistance

LINE Corporation American Depositary Shares (each representing one share of) finds support from accumulated volume at $28.04.

Support: $28.04 Price: $28.19 Resistance: $28.35

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 $0.46 (1.66%) between high and low. For the last week, the stock has had a daily average volatility of 1.39%.

Our recommended stoploss: $26.59 (-5.69%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 1 days ago.)

1.39 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Hold/Accumulate Upgraded

Evaluation

LINE Corporation American Depositary Shares (each representing one share of) holds several negative signals and this should give a sell recommendation, but due to the general chance for a turnaround situation we recommend to hold or accumulate whilst awaiting for further development. We have upgraded our recommendation for this stock since last evaluation from a Sell Candidate to a Hold/Accumulate.

Previous Hold Today LN ranks #2966 as HOLD CANDIDATE #2966 Next Hold

Will LN stock price go up or down on Mon, 22 Jul 2019?

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