Lamb Weston Holdings Inc Stock Forecast

Green day on Friday for Lamb Weston Holdings Inc stock after gaining 0.88%
(Updated on Apr 19, 2024)

LW Signals & Forecast

There are mixed signals in the stock today. The Lamb Weston Holdings Inc 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 $95.24. On a fall, the stock will find some support from the short-term average at $80.68. 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 Monday, April 08, 2024, and so far it has risen 4.11%. 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 Lamb Weston Holdings Inc stock

Lamb Weston Holdings Inc finds support from accumulated volume at $80.44 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $2.52 between high and low, or 3.15%. For the last week, the stock has had daily average volatility of 2.87%.

Lamb Weston Holdings Inc is oversold on RSI14 (19). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (LW) For The Upcoming Trading Day Of Monday 22nd

For the upcoming trading day on Monday, 22nd we expect Lamb Weston Holdings Inc to open at $81.15, and during the day (based on 14 day Average True Range), to move between $77.94 and $84.06, which gives a possible trading interval of +/-$3.06 (+/-3.78%) up or down from last closing price. If Lamb Weston Holdings Inc takes out the full calculated possible swing range there will be an estimated 7.56% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $81.36 (0.44%) than the support at $80.44 (0.69%), 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 Lamb Weston Holdings Inc stock A Buy?

Lamb Weston Holdings Inc 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: -3.302 Sell Candidate Unchanged

Predicted Opening Price for Lamb Weston Holdings Inc of Monday, April 22, 2024

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