Live Oak Bancshares Stock Forecast
Live Oak Bancshares stock price up 1.35% on Monday
(Updated on Apr 22, 2024)
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^ falseThe Live Oak Bancshares stock price gained 1.35% on the last trading day (Monday, 22nd Apr 2024), rising from $37.90 to $38.41. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 3.18% from a day low at $37.33 to a day high of $38.52. The price has been going up and down for this period, and there has been a -6.45% loss for the last 2 weeks. Volume fell on the last day by -634 shares and in total, 91 thousand shares were bought and sold for approximately $3.50 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 is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Live Oak Bancshares stock with a 90% probability to be traded between $35.58 and $41.49 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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LOB Signals & Forecast
There are mixed signals in the stock today. The Live Oak Bancshares stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $39.28. On a fall, the stock will find some support from the short-term average at $37.43. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 4.72%. Further rise is indicated until a new top pivot has been found. 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 Live Oak Bancshares stock
Live Oak Bancshares finds support from accumulated volume at $38.30 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 $1.19 between high and low, or 3.18%. For the last week, the stock has had daily average volatility of 2.61%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (LOB) For The Upcoming Trading Day Of Tuesday 23rd
For the upcoming trading day on Tuesday, 23rd we expect Live Oak Bancshares to open at $38.09, and during the day (based on 14 day Average True Range), to move between $37.18 and $39.64, which gives a possible trading interval of +/-$1.23 (+/-3.20%) up or down from last closing price. If Live Oak Bancshares 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 $38.30 (0.29%) than the resistance at $38.55 (0.36%), 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
Live Oak Bancshares will release earnings AMC on Wednesday, April 24, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.480. We will update the financials statements for Live Oak Bancshares, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 4.13% in the first trading day after earnings release.
Is Live Oak Bancshares stock A Buy?
Live Oak Bancshares holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -1.457 Sell Candidate Unchanged
Predicted Opening Price for Live Oak Bancshares of Tuesday, April 23, 2024
| Fair opening price April 23, 2024 | Current price |
|---|---|
| $38.09 ( 0.84%) | $38.41 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LOB
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 39.27 | 2.25 % | |
| R2 | 38.82 | 1.07 % | ||
| R1 | 38.54 | 0.341 % | ||
| Current price: | 38.41 | |||
| Support | S1 | 37.63 | -2.02 % | |
| S2 | 37.35 | -2.75 % | ||
| S3 | 36.90 | -3.93 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 39.94 | 3.98 % | |
| R2 | 38.67 | 0.677 % | ||
| R1 | 38.55 | 0.364 % | ||
| Current price | 38.41 | |||
| Support | S1 | 38.30 | -0.286% | |
| S2 | 36.67 | -4.53% | ||
| S3 | 36.15 | -5.88% |
LOB Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 13, 2024 | Feb 26, 2024 | Mar 12, 2024 | $0.0300 | 0.0767% |
| 2 | Nov 14, 2023 | Nov 27, 2023 | Dec 12, 2023 | $0.0300 | 0.0812% |
| 3 | Aug 22, 2023 | Sep 01, 2023 | Sep 19, 2023 | $0.0300 | 0.0982% |
| 4 | May 24, 2023 | Jun 06, 2023 | Jun 21, 2023 | $0.0300 | 0.120% |
| 5 | Feb 14, 2023 | Feb 27, 2023 | Mar 14, 2023 | $0.0300 | 0.126% |
FAQ
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