Lantheus Holdings Stock Forecast
Green day on Wednesday for Lantheus Holdings
(Updated on Apr 24, 2024)
The Lantheus Holdings stock price gained 1.24% on the last trading day (Wednesday, 24th Apr 2024), rising from $64.41 to $65.21. During the last trading day the stock fluctuated 2.75% from a day low at $63.62 to a day high of $65.37. The price has risen in 6 of the last 10 days and is up by 8.94% over the past 2 weeks. Volume fell on the last day by -537 shares and in total, 568 thousand shares were bought and sold for approximately $37.03 million. 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 strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 11.15% during the next 3 months and, with a 90% probability hold a price between $66.23 and $81.12 at the end of this 3-month period.
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LNTH Signals & Forecast
Mostly positive signals in the chart today. The Lantheus Holdings stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $63.15 and $60.69. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, March 18, 2024, and so far it has risen 15.38%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for Lantheus Holdings stock
Lantheus Holdings finds support from accumulated volume at $65.05 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 $1.75 between high and low, or 2.75%. For the last week, the stock has had daily average volatility of 3.86%.
Our recommended stop-loss: $63.10 (-3.23%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 26 days ago.)
Trading Expectations (LNTH) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Lantheus Holdings to open at $64.73, and during the day (based on 14 day Average True Range), to move between $63.12 and $67.30, which gives a possible trading interval of +/-$2.09 (+/-3.20%) up or down from last closing price. If Lantheus Holdings takes out the full calculated possible swing range there will be an estimated 6.40% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $65.05 (0.25%) than the resistance at $66.27 (1.63%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Lantheus Holdings will release earnings BMO on Thursday, May 02, 2024.The consensus among the analysts for the expected earnings (EPS) is $1.55. We will update the financials statements for Lantheus Holdings, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 10.41% in the first trading day after earnings release.
Is Lantheus Holdings stock A Buy?
Lantheus Holdings holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.
Current score: 6.690 Strong Buy Candidate Unchanged
Predicted Opening Price for Lantheus Holdings of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| $64.73 ( 0.731%) | $65.21 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LNTH
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 66.48 | 1.95 % | |
| R2 | 65.81 | 0.93 % | ||
| R1 | 65.40 | 0.294 % | ||
| Current price: | 65.21 | |||
| Support | S1 | 64.06 | -1.76 % | |
| S2 | 63.65 | -2.39 % | ||
| S3 | 62.98 | -3.41 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 68.26 | 4.68 % | |
| R2 | 68.14 | 4.49 % | ||
| R1 | 66.27 | 1.63 % | ||
| Current price | 65.21 | |||
| Support | S1 | 65.05 | -0.245% | |
| S2 | 58.17 | -10.80% | ||
| S3 | 52.52 | -19.46% |
FAQ
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