Lincoln National Corporation Stock Forecast

Lincoln National Corporation stock upgraded from Sell Candidate to Hold/Accumulate after Thursday trading session.
(Updated on Apr 18, 2024)

LNC Signals & Forecast

A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 1.42%. Further rise is indicated 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. The Lincoln National Corporation 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 $27.98 and $28.64. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The stock had a Golden Star Signal on Monday, March 18, 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 Lincoln National Corporation stock

Lincoln National Corporation finds support from accumulated volume at $26.54 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 $0.410 between high and low, or 1.52%. For the last week, the stock has had daily average volatility of 3.06%.

Lincoln National Corporation is oversold on RSI14 (16). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

Our recommended stop-loss: $25.56 (-6.14%) (This stock has medium daily movements and this gives medium risk. Low RSI14 is 16 which reduces the risk some. There is a buy signal from a pivot bottom found 1 day ago.)

Trading Expectations (LNC) For The Upcoming Trading Day Of Friday 19th

For the upcoming trading day on Friday, 19th we expect Lincoln National Corporation to open at $27.18, and during the day (based on 14 day Average True Range), to move between $26.34 and $28.12, which gives a possible trading interval of +/-$0.89 (+/-3.28%) up or down from last closing price. If Lincoln National Corporation takes out the full calculated possible swing range there will be an estimated 6.57% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $27.34 (0.40%) than the support at $26.54 (2.53%), 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 Lincoln National Corporation stock A Buy?

Lincoln National Corporation holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: 0.045 Hold/Accumulate Upgraded

Predicted Opening Price for Lincoln National Corporation of Friday, April 19, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.