Lifeway Foods Stock Forecast
Red day on Monday for Lifeway Foods stock after losing 2.22%
(Updated on Apr 15, 2024)
The Lifeway Foods stock price fell by -2.22% on the last day (Monday, 15th Apr 2024) from $20.68 to $20.22. It has now fallen 4 days in a row. During the last trading day the stock fluctuated 5.27% from a day low at $19.91 to a day high of $20.96. The price has fallen in 7 of the last 10 days but is still up by 6.98% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -5 thousand shares and in total, 101 thousand shares were bought and sold for approximately $2.03 million.
The stock lies in the upper part of a very wide and strong rising 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 $21.87 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 52.02% during the next 3 months and, with a 90% probability hold a price between $19.62 and $33.25 at the end of this 3-month period.
LWAY Signals & Forecast
The Lifeway Foods stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $20.72. On a fall, the stock will find some support from the long-term average at approximately $15.28. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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, April 09, 2024, and so far it has fallen -5.47%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Lifeway Foods stock
On the downside, the stock finds support just below today's level from accumulated volume at $17.51 and $17.22. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Lifeway Foods finds support just below today's level at $17.51. If this is broken, then the next support from accumulated volume will be at $17.22 and $16.49.
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 $1.05 between high and low, or 5.27%. For the last week, the stock has had daily average volatility of 8.83%.
Our recommended stop-loss: $19.11 (-5.51%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 4 days ago.)
Trading Expectations (LWAY) For The Upcoming Trading Day Of Tuesday 16th
For the upcoming trading day on Tuesday, 16th we expect Lifeway Foods to open at $20.36, and during the day (based on 14 day Average True Range), to move between $18.75 and $21.69, which gives a possible trading interval of +/-$1.47 (+/-7.27%) up or down from last closing price. If Lifeway Foods takes out the full calculated possible swing range there will be an estimated 14.54% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $20.37 (0.74%) than the support at $17.51 (13.40%), 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 Lifeway Foods stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Lifeway Foods stock to perform well in the short-term.
Current score: 1.220 Buy Candidate Unchanged
Predicted Opening Price for Lifeway Foods of Tuesday, April 16, 2024
| Fair opening price April 16, 2024 | Current price |
|---|---|
| $20.36 ( 0.709%) | $20.22 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LWAY
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 21.41 | 5.90 % | |
| R2 | 21.01 | 3.92 % | ||
| R1 | 20.76 | 2.69 % | ||
| Current price: | 20.22 | |||
| Support | S1 | 19.96 | -1.27 % | |
| S2 | 19.71 | -2.50 % | ||
| S3 | 19.31 | -4.48 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 21.39 | 5.79 % | |
| R2 | 21.22 | 4.95 % | ||
| R1 | 20.37 | 0.742 % | ||
| Current price | 20.22 | |||
| Support | S1 | 17.51 | -13.40% | |
| S2 | 17.22 | -14.84% | ||
| S3 | 16.49 | -18.45% |
LWAY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 20, 2013 | May 29, 2013 | Jun 28, 2013 | $0.0800 | 0.461% |
| 2 | May 03, 2012 | May 25, 2012 | Jun 29, 2012 | $0.0700 | 0.675% |
FAQ
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