Lok'nStore Group plc Stock Forecast
Lok'nStore Group plc stock downgraded from Buy Candidate to Hold/Accumulate after Wednesday trading session.
(Updated on Mar 27, 2024)
The Lok'nStore Group plc stock price fell by -0.468% on the last day (Wednesday, 27th Mar 2024) from £854.00 to £850.00. During the last trading day the stock fluctuated 6.03% from a day low at £812.00 to a day high of £861.00. The price has risen in 5 of the last 10 days and is up by 5.59% over the past 2 weeks. Volume has increased on the last day by 3 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 13 thousand shares were bought and sold for approximately £11.46 million.
The stock lies the upper part of a wide and falling trend in the short term, and this may 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 £853.64 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 -2.58% during the next 3 months and, with a 90% probability hold a price between £742.49 and £831.66 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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LOK.L Signals & Forecast
The Lok'nStore Group plc 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 £835.14 and £807.23. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Tuesday, March 26, 2024, and so far it has fallen -0.468%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Lok'nStore Group plc stock
Lok'nStore Group plc finds support from accumulated volume at £830.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved £49.00 (6.03%) between high and low. For the last week, the stock has had daily average volatility of 4.26%.
Our recommended stop-loss: £826.22 (-2.80%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (LOK.L) For The Upcoming Trading Day Of Thursday 28th
For the upcoming trading day on Thursday, 28th we expect Lok'nStore Group plc to open at £841.00, and during the day (based on 14 day Average True Range), to move between £826.47 and £873.53, which gives a possible trading interval of +/-£23.53 (+/-2.77%) up or down from last closing price. If Lok'nStore Group plc takes out the full calculated possible swing range there will be an estimated 5.54% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £854.00 (0.47%) than the support at £830.00 (2.35%), 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 Lok'nStore Group plc stock A Buy?
Lok'nStore Group plc holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: -0.172 Hold/Accumulate Downgraded
Predicted Opening Price for Lok'nStore Group plc of Thursday, March 28, 2024
Fair opening price March 28, 2024 | Current price |
---|---|
£841.00 ( 1.06%) | £850.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LOK.L
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 890.00 | 4.71 % | |
R2 | 871.28 | 2.50 % | ||
R1 | 859.72 | 1.14 % | ||
Current price: | 850.00 | |||
Support | S1 | 822.28 | -3.26 % | |
S2 | 810.72 | -4.62 % | ||
S3 | 792.00 | -6.82 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 886.00 | 4.24 % | ||
R1 | 854.00 | 0.471 % | ||
Current price | 850.00 | |||
Support | S1 | 830.00 | -2.35% | |
S2 | 788.00 | -7.29% | ||
S3 | 780.00 | -8.24% |
LOK Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Nov 23, 2023 | Nov 23, 2023 | Nov 23, 2023 | £0 | 0% |
2 | May 04, 2023 | May 04, 2023 | May 04, 2023 | £5.75 | 0.683% |
3 | Oct 31, 2022 | Nov 24, 2022 | Jan 06, 2023 | £12.25 | 1.28% |
4 | Apr 25, 2022 | May 05, 2022 | Jun 10, 2022 | £5.00 | 0.515% |
5 | Nov 01, 2021 | Nov 25, 2021 | Jan 07, 2022 | £10.67 | 1.02% |
FAQ
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